This week, Pacific Gas & Electric ("PG&E"), the state's largest utility, filed for Chapter 11 bankruptcy protection in the Northern District of California. PG&E claims over $50 billion in assets and $50 billion in liabilities, but has not yet filed the disclosures that identify its contract counterparties, creditors and other business partners who have an interest in its bankruptcy case. read more

A recent California court case underscores the need for a landlord to insist that a tenant's lender assume the lease following foreclosure, and simultaneously highlights an opportunity for a lender foreclosing on a leasehold to limit its liability under the lease. read more

Ninth Circuit Court of Appeals recently ruled that a bank may have to return a borrower's funds held in an ordinary bank deposit account less than 90 days before the borrower's bankruptcy. read more

The Ninth Circuit Court of Appeals recently issued a decision that gives creditors a powerful tool in Chapter 11 bankruptcy cases going forward. read more

The California Court of Appeal has once again confirmed that a "sham guaranty" defense will not bar a lender from enforcing a commercial guaranty of a real estate secured loan. read more