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Andrew Teitelman, PC Appointed as Special Counsel in CORSAIR-USA-NJ, LLC

October 13, 2021, District of Pennsylvania – Upon consideration of the application of Debtor CORSAIR-USA-NJ, LLC, (Bankruptcy Case Number: 21-11632-AMC), the Court recently approved the employment of Andrew Teitelman, Esq. and the law offices of Andrew Teitelman, PC (“Teitelman”) as Special Litigation Counsel for the Debtor under Section 327(e) of the United States Bankruptcy Code […]

Colleen Maker, Esq.

Author of “Loan Forgiveness As Basis For Fraudulent Transfer Claims.” (1)

Atlantic Cooling Seeks to Dismiss Trustee’s Complaint, Argues That Funds Were Held in Trust & Were Not Estate’s Property

October 11, 2021, Southern District of New York – Defendant Atlantic Cooling Technologies and Services, LLC seeks to dismiss the adversary complaint filed by Plaintiff Marianne T. O’Toole’s, solely in her capacity as Chapter 7 Trustee of the estate of JPR Mechanical Inc., d/b/a JPR Mechanical under Fed. R. Bankr. P. 7012 and Fed. R. […]

Lack of Fraudulent Intent in Receiving Transfers – A Trustee’s Motion Denied in Part

October 13, 2021, District of Idaho – The case involves a motion for partial summary judgment filed by Plaintiff Wayne Klein against Defendant Jonathon Peirsol.  Defendant was a sole owner and shareholder of J & J Chemical, Inc. (“Chemical”). Chemical filed a Chapter 11 bankruptcy petition. Later, Defendant pled guilty to a crime and was sentenced […]

Reasonable Financial Controls At Arms’ Length Do Not Transform a Lender Into An Insider

October 5, 2021, District of Delaware – Four Defendant entities – Salem Investment Partners III, LP, along with SIP III Holdings, Inc., Plexus Fund III, LP, and Plexus Fund QP III, LP, filed motions to dismiss Trustee Jeoffrey Burtch’s amended complaint in the bankruptcy case of Parker School Uniforms, LLC for its alleged failure to […]

Emporia Property Group Trust Sues Diamond Innovations For Turn Over Of Debtor’s Assets

October 6, 2021, District of Kansas – Plaintiff, Sharon Stolte as the liquidating agent of Emporia Property Group, LLC Liquidating Trust, brings an adversary proceeding against Defendants Diamond D Innovations and its owner, Robert T. Dechantis. Through its complaint, the Trust seeks to compel the Defendants to deliver and turn over to the Plaintiff, and […]

H&R Property Trustee Wants Damages For Alleged Violation Of Automatic Stay and Breach of Contract

October 7, 2021, Eastern District of Michigan – Trustee Samuel D. Sweet, for the bankruptcy estate of H&R Property, LLC, brings an adversary proceeding against RPF Oil, Inc. and Northern Lights Energy, LLC (“NLE”). The Trustee demands damages from the Defendants for alleged violation of the automatic stay, conversion, and breach of contract.   Defendant, NLE, was […]

About $1 Million Sought from Wise Services in Q’Max America, Inc.

October 4, 2021, Southern District of Texas – Trustee Christopher R. Murray for the bankruptcy estates of Q’Max America, Inc. and Anchor Drilling Fluids U.S.A., L.L.C. files a complaint against Wise Services, Inc. to recover about $1 million for breach of contract, quantum meruit, unjust enrichment, fraudulent misrepresentation, and inducement The Trustee alleges that at […]

Emporia Property Group Trust Charges Diamond Innovations To Turn Over Debtor’s Assets

October 6, 2021, District of Kansas – Plaintiff, Sharon Stolte as the liquidating agent of Emporia Property Group, LLC Liquidating Trust, brings an adversary proceeding against Defendants Diamond D Innovations and its owner, Robert T. Dechantis. Through its complaint, the Trust seeks to compel the Defendants to deliver and turn over to the Plaintiff, and […]

Yucaipa’s General Partner is Liable For Judgment, Alleges ASHINC Corp Trustee

October 6, 2021, District of Delaware – Plaintiff Trustee Catherine E. Youngman, for ASHINC Corp. (formerly known as Allied Systems Holdings, Inc.) and related Debtors charges Yucaipa American Alliance Fund I and 29 other defendants with a lawsuit for alleged actual and constructive fraud.  By way of background, the Trustee is a judgment creditor against […]

Jones & Associates

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