Jones and Associates Proves That Transfers Were Made in The Ordinary Course of Business And Defendant Had An Inchoate Mechanic’s Lien; Case Settles For a Fraction of The Claim
Debtors were a leading food and beverage company. Our client, the Defendant, is a custom manufacturer of a wide range of storage and handling products and provides storage construction services.
Transfers To The Defendant Were Pre-Payments Made in Line With The Contract Terms, Case Dismissed For No Payment
Prior to its bankruptcy, the Debtor was an integrated retailer, maintaining business relationships with various entities, through which Debtor regularly purchased, sold, received, and/or delivered goods and services. The Defendant, our client, is a corporation based in Turin, and sold air compressors to the Debtor.
Bradford Capital Buys Claims in the Face Amount of $68.2k in Revlon Bankruptcy
September 28, 2022, US Bankruptcy Court for Southern New York – Bradford Capital, LP, in its capacity as transferee, files evidence and notices pursuant to Rule 3001(e)(1) of the Federal Rules of Bankruptcy Procedure with the Bankruptcy Court for Southern District of New York, regarding transfer of three claims in Revlon, Inc. bankruptcy. Transferor Transferee […]
Court Dismisses Law Firm’s “In Pari Delicto” Defense as Premature at Motion to Dismiss Stage
September 22, 2022, US Bankruptcy Court for Nevada – The Nevada Bankruptcy Court denied dismissal of the bankruptcy Trustee’s suit against a law firm under Federal Rule of Civil Procedure 12(b)(6). The Trustee’s complaint alleged “professional malpractice”, “breach of fiduciary duty”, and other claims against the law firm and the Court denied the use of […]
Management Co Files Motion to Dismiss Alleged 548 Transfer Claims Based on Defective Complaint
September 27, 2022, US District Court for Northern Texas – Defendant JMLP Management, LLC (“JMLP”) brings a 12(b)(6) motion to dismiss the complaint filed by Daniel J. Sherman, the trustee (“Trustee”) for JupiterMLP, LLC (“Debtor”). The Trustee’s complaint seeks to avoid and recover alleged transfers in the approximate amount of $1.5 million allegedly made by […]
NovaWulf Receives Transfers in the Face Amount of $1.1M in Celsius Network Bankruptcy
September 23, 2022, US Bankruptcy Court for Southern New York – NovaWulf Digital Management, LP among other transferees, files evidence and notice pursuant to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure for receiving transfers in the face amount of $1.1 million. The claimants transferred their claims in Celsius Network bankruptcy by signing respective […]
Unliquidated Claims Transferred in MD Helicopters Bankruptcy
September 19, 2022, US Bankruptcy Court for Delaware – Several claimants transfer their unliquidated claims pursuant to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure in MD Helicopters, LLC bankruptcy. Transferor Transferee Claim Numbers Claim Amount Zohar CDO 2003-1, Limited MD Helicopters, LLC 96, 102 Unliquidated Zohar III, Ltd MDHI Holdco, LLC 97, 101 […]
Trustee Seeks to Clawback Alleged Transfers Made to Allegedly Repay Another’s Loan
September 21, 2022, US Bankruptcy Court for Southern New York – Albert Togut, solely in his capacity as the Chapter 7 Trustee (the “Trustee”) of the estate of Kossoff PLLC (the “Debtor”) makes a complaint against Defendants World Global Fund LLC (“WGF”) and Tenantracers, LLC (“Tenantracers”) to avoid and recover alleged “fraudulent and preferential transfers” […]