JD Supra

SDNY Adopts Guidelines for Combined Hearing on Disclosure Statement Approval and Chapter 11 Plan Confirmation

On May 31, 2024, the chief judge of the U.S. Bankruptcy Court for the Southern District of New York (SDNY) entered General Order M-634, adopting guidelines for combining the processes for Chapter 11 ...
JD Supra

Disclosure Revolution: Legislation Makes Property Condition Disclosure Statements Mandatory, Adding Flood Risks, and Waving Farewell to the $500 Credit

On September 22, 2023, Governor Kathy Hochul signed legislation (A.1967/S.5400) amending the Property Condition Disclosure Act (“PCDA”), which effectively eliminates a seller’s option to provide a ...
The Bond Buyer

PREPA bond parties say disclosure statement is illegal, plan unconfirmable

Several Puerto Rico Electric Power Authority bond parties filed objections Friday to the Oversight Board's proposed disclosure statement, asking for it to be rejected because the plan of adjustment is ...
AZ Central

Is a seller's property disclosure still needed when a house is being sold 'as is'?

Question: We told our listing broker that we wanted to sell our house “as is” with no repairs. Our listing broker has now brought us an offer, but this offer requires us to complete a Seller’s ...
AZ Central

Listing broker won't help with questions about a property disclosure form. Why not?

Question: We recently listed our Mesa home for $1.2 million with a prominent Mesa brokerage firm. Within three days, we accepted an offer for $1.1 million. When we signed the purchase contract ...
Business Wire

BlockFi’s Disclosure Statement Conditionally Approved by Court

JERSEY CITY, N.J.--(BUSINESS WIRE)--BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States ...