The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the elimination of insolvent entities but on the remodeling of the financial and organizational structure of debtors experiencing financial distress so as to permit the rehabilitation and continuation of their business.  Court grants bankruptcy protection based on totality of the circumstances of Debtors’ financial situation and on good faith.

The courts play a major role by pronouncing landmark decisions on bankruptcy.  The cases discussed here give you a comprehensive overview of important decisions made by various bankruptcy courts.