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Unpaid New Value Stays Unpaid Even When Later Paid Post Petition–11th Cir

August 9, 2022 admin 0

Download the full pdf of the opinion by clicking: here July 18, 2022, US Eleventh Circuit Court of Appeals – The Eleventh Circuit Court of Appeals reversed the Bankruptcy Court’s order which had denied Auriga Polymers Inc. (“Defendant”) motion to offset its preference liability against the new value Auriga provided to Beaulieu Group, LLC (“Debtor”) […]

New York District Court Nixes Shareholder’s Appeal in Trustee Suit

August 4, 2022 admin 0

Download the full pdf of the opinion by clicking: here July 18, 2022, US District Court for Southern New York – The District Court for Southern New York granted Trustee Ian J. Gazes’ motion to dismiss Nicholas Gordon’s appeal from Bankruptcy Court’s orders. The orders dismissed the adversary proceeding filed by Nicholas Gordon against Trustee […]

Wisconsin District Judge Throws Out Trustee Appeal, OK’s Earmarking Doctrine

August 3, 2022 admin 0

Download the full pdf of the opinion by clicking: here July 15, 2022, US District Court for Eastern Wisconsin – The District Court for Eastern Wisconsin dismissed Trustee Douglas F. Mann’s appeal against the Bankruptcy Court order granting summary judgment in favor of Defendant LSQ Funding Group L.C. (“LSQ”) in the bankruptcy case of Engstrom, […]

Banks Dump Over $50M in LATAM BK Claims

August 1, 2022 admin 0

July 28, 2022, US Bankruptcy Court for Southern New York – Barclays Bank and Citigroup Financial Products, Inc. transfer claims in the face amount of millions in the bankruptcy case of LATAM Airlines Group. Marathon Distressed Creditor Master Fund, MBD 1 Ltd and Red Pines LLC are the prominent transferees. Some of the claims transferred […]

Pioneer Funding Buys $1.4M in BK Claims From National General Insurance Company

August 1, 2022 admin 0

July 29, 2022, US Bankruptcy Court for Delaware – Pioneer Funding Group LLC files notice pursuant to Rule 3001 (e)(2) of the Federal Rules of Bankruptcy Procedure with the United States Bankruptcy Court for Delaware, regarding transfer of six claims from National General Insurance Company in the MCC bankruptcy case. Transferor Transferee Claim No. Claim Amount […]

Creditors Committee Seeks Wipe Out of UMB Bank Alleged Unperfected Liens

August 1, 2022 admin 0

Download the full pdf of the complaint by clicking: here July 12, 2022, US Bankruptcy Court for Northern Texas – The Official Committee of Unsecured Creditors (the “Committee”) of Northwest Senior Housing Corporation, et al. (the “Debtors”), brings a lawsuit against UMB Bank, N.A. (the “Defendant”) to avoid alleged unperfected liens pursuant to section 544 […]

Medical Center Trustee Sues Doc for Alleged Gross Mismanagement

August 1, 2022 admin 0

Download the full pdf of the complaint by clicking: here July 13, 2022, US Bankruptcy Court for Northern Texas – Kevin D. McCullough, Plan Trustee (the “Trustee”) of the Pine Creek Medical Center, LLC Plan Trust, sues Dr. Manuel Ramirez (“Dr. M. Ramirez” or the “Defendant”), former board member of Pine Creek Medical Center, LLC […]

Fifty-Nine Defendants Face Preference Clawback in Hopedale Mining Bankruptcy

August 1, 2022 admin 0

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Download the full pdf of the complaint by clicking: here July 18, 2022, US Bankruptcy Court for the Southern District of Ohio – GlassRatner Advisory & Capital Group, LLC d/b/a B. Riley Advisory Services (the “Trustee” or the “Plaintiff”) solely in its capacity as Liquidating Trustee of the Hopedale Mining, LLC et al. (the “Debtors”), […]

Texas Energy Firm Moves to Dismiss Trustee Claim Reduction Bid

August 1, 2022 admin 0

Download the full pdf of the motion by clicking: here July 20, 2022, US Bankruptcy Court for Southern Texas – Defendant Electric Reliability Council of Texas, Inc. (“ERCOT”) moves the Bankruptcy Court to dismiss or abstain from hearing the amended complaint of Anna Phillips, trustee (the “Trustee”) of the bankruptcy estate of Entrust Energy, Inc […]

Business Law Today: “Caution: Committee Communications Causing Chaos-Ethical, Legal, and Strategic Considerations for Counsel in Chapter 11″*

August 1, 2022 admin 0

March 18, 2022 – Business Law Today: “Caution: Committee Communications Causing Chaos-Ethical, Legal, and Strategic Considerations for Counsel in Chapter 11” (Author: Jeffrey P. Bast) https://www.americanbar.org/groups/business_law/publications/blt/2022/03/caution-committee-communications-causing-chaos-ethical-legal/ *Onebowlinggreen.com posts articles for convenience of our subscribers. Onebowlinggreen.com does not endorse contents of articles. The post Business Law Today: “Caution: Committee Communications Causing Chaos-Ethical, Legal, and Strategic Considerations […]

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