section 364

Ninth Circuit BAP Denies Retroactive Approval of Postpetition Financing

Section 364(a) of the Bankruptcy Code allows a debtor to incur unsecured debt, like trade debt, in the ordinary course of business.¬† Section 364(b) of the Code provides, however, that when a debtor plans to incur unsecured debt, like a… Read More ›

Buffets, Inc. Emerges From Bankruptcy

Buffets, Inc., a steak-buffet restaurant company,¬†announced that it has completed its restructuring and that it has emerged from chapter 11 reorganization, six months after its pre-negotiated filing on January 18, 2012.¬† Buffets currently operates 357 restaurants in 35 states. As… Read More ›