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The Senate leadership election that could shape the 2025-26 legislative agenda

Written by Ash Arnett on . Posted in Advocacy, eNews, Government. No Comments on The Senate leadership election that could shape the 2025-26 legislative agenda

While the outcome of the election, and which party is in control of the House, Senate and Presidency, is justifiably the main focus of the general public, for Washington insiders, there is a critical election coming up later in November that will have almost as much impact—who will replace Mitch McConnell as the next leader of the Senate GOP. Three Senators are actively running for the position: John Thune (SD), John Cornyn (TX) and Rick Scott (FL).

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NACM Board approves bylaw amendment

Written by Communications Team on . Posted in Advocacy, eNews. No Comments on NACM Board approves bylaw amendment

Three months ago, the NACM Board of Directors proposed a comprehensive amendment to the bylaws of the national organization. At its meeting yesterday, the NACM Board voted to adopt the amendment. The final step in the amendment process is to provide 30 days for members to object to the Board’s actions. If no objections are raised, the amended bylaws will go into effect in mid-October.

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A big win for creditors of small business debtors

Written by Communications Team on . Posted in Advocacy, eNews. No Comments on A big win for creditors of small business debtors

The “big” win: In a decision that helps balance Subchapter V’s pro-debtor provisions, the U.S. Court of Appeals for the Fifth Circuit recently held that the Bankruptcy Code’s exceptions to discharge apply to a corporate Subchapter V debtor with a nonconsensual plan (even though the exceptions do not apply to corporate debtors in “traditional” Chapter 11 cases). In doing so, the Fifth Circuit joined the only other Circuit-level court to address the issue (the U.S. Court of Appeals for the Fourth Circuit), bucking what appeared to be a growing trend among other, non-Circuit-level courts that...

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Controversial provisions cloud passage of Farm Bill

Written by Ash Arnett on . Posted in Advocacy, eNews. No Comments on Controversial provisions cloud passage of Farm Bill

For much of the last year, advocates in DC have acknowledged that a comprehensive Farm Bill reauthorization, which includes a wide array of programs such as crop insurance, farm subsidies, forestry, rural housing and infrastructure, and nutrition programs like SNAP (formerly known as food stamps), was highly unlikely to pass in this cycle’s deeply divided Congress, especially given the narrow majority held by Republicans in the House. But that hasn’t stopped Democrats in the Senate and Republicans in the House from working on their wish list. Last week, both the House and the Senate released...

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Credit Managers Shed Light on Subchapter V Issues During Meeting with American Bankruptcy Institute

Written by Annacaroline Caruso, CICP, director of communications on . Posted in Advocacy, eNews. No Comments on Credit Managers Shed Light on Subchapter V Issues During Meeting with American Bankruptcy Institute

Several business-to-business (B2B) credit managers and bankruptcy attorneys from Lowenstein Sandler recently convened with the American Bankruptcy Institute (ABI) Subchapter V Task Force to exchange invaluable insights gleaned from their cumulative experiences in Subchapter V cases.

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