Journal of
Corporate
Renewal
April
2016
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2016
TMA AWARDS
Eve H. Karasik is a partner at Levene, Neale, Bender,
Yoo & Brill in Los Angeles, where she focuses her
national practice on corporate restructuring and
bankruptcy. She represents debtors, unsecured
creditor and equity committees, trustees, secured
and unsecured creditors, and other parties involved
in bankruptcy litigation and appeals. Karasik
received the Century City Bankruptcy Attorney
of the Year in 2015 and TMA Global’s 2007 Large
Company Transaction of the Year Award.
Edward M. Wolkowitz is a partner at Levene,
Neale, Bender, Yoo & Brill in Los Angeles. A
bankruptcy attorney, trustee, and receiver for
more than 30 years, he was managing principal
of Robinson, Diamant & Wolkowitz before its
merger with Levene Neale. Wolkowitz holds a law
degree, cum laude, from Southwestern Law School,
where he is now on the faculty, and an LL.M.
from The University of Michigan Law School.
ombudsman can be located,
appointed, and given time to prepare a
report. If there are any inconsistencies
in the proposed sale and the debtor’s
privacy policy, the debtor and the
ombudsman need time to develop a
strategy for the sale that will satisfy the
Bankruptcy Code requirements. The
Bankruptcy Court will not approve the
sale without this report. The last thing
the debtor wants is to have the sale
approval delayed, which may give the
purchaser a chance to renegotiate the
purchase price or elect to not pursue
the sale with no consequences.
Continuing Challenges
Retail Chapter 11 bankruptcy cases
affect many parties in interest and
give rise to a host of unique issues.
This article highlights only a handful
of these issues and only some of
the parties that are affected. Retail
Chapter 11 bankruptcy cases have
always been prevalent and have
been particularly plentiful over the
past few years. Undoubtedly, new
players and new issues will arise in
these cases to keep professionals
and their clients gainfully engaged
and challenged in the future. J
