New Cases

Picard Wins Another Madoff Clawback

June 15, 2022 admin

June 06, 2022, US Bankruptcy Court for the Southern District of New York – In 2010, Irving H. Picard, the Trustee for the Substantively Consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”) brought the adversary proceeding to avoid and recover “fictitious” profits transferred from BLMIS to the Defendant, Estate of James M. […]

ZZ Home Care, LLC Sues to Avoid $1.3m in Alleged Preferential Liens

June 15, 2022 admin

128

May 31, 2022, US Bankruptcy Court for the Middle District of North Carolina – ZZ Home Care, LLC (“Debtor”) files an adversary proceeding against American National Bank (“Defendant”) to avoid and recover alleged preferential transfers under §§ 544 and 547 of the Bankruptcy Code. The Debtor makes following factual allegations in its complaint: In 2017, […]

Banks Face New Jersey Debtor Lawsuit for Alleged Breach of Fiduciary Duty and Lender Liability

June 15, 2022 admin

June 08, 2022, US Bankruptcy Court for the District of New Jersey – Sussex Randolph Buildings, L.P. (“Debtor”) brings a lawsuit against Defendants, Valley National Bank (“Valley”) and Oritani Bank (“Oritani”) seeking damages, injunctive relief and other relief while alleging breach of fiduciary duty, breach of contract, negligence, lender liability and misappropriation and conversion of […]

Seattle Trustee Alleges Debtor Books Altered, Seeks 1.4m in Alleged Fraudulent Transfers

June 15, 2022 admin

June 06, 2022, US Bankruptcy Court for the Western District of Washington – Edmund J. Wood, solely in his capacity as Chapter 7 Trustee (“Trustee”) of the bankruptcy estate of the Hot Pot Seattle, LLC (“Debtor”) sues Defendant BTV Investment, LLC (“BTV”) to clawback $1.4 million under ‘fraudulent’ transfer claims. The complaint alleges that the […]

Secured Creditor Buys Preference Claims in Nevada 363 Sale, Sues 32 Defendants

June 8, 2022 admin

397

May 27, 2022, US Bankruptcy Court for the District of Nevada – ACF Finco I LP seeks to clawback alleged preferential transfers made by certain Debtors to Redwood Fire and Casualty Company in the bankruptcy case of Red Rose, Inc., et al. ACF Finco I, LP is a creditor of one or more of the […]

Defendants Demand Delaware BK Court to throw Out $379m Fraudulent Conveyance Complaint

June 8, 2022 admin

June 01, 2022, US Bankruptcy Court for the District of Delaware – The Defendants in the adversary proceeding brought by Catherine E. Youngman, as Litigation Trustee for the Debtors ASHNIC Corporation, et al., move to dismiss with prejudice the complaint filed against them. Each of the Defendants is a limited partner of Yucaipa American Alliance […]

Puerto Rican BLD Realty Seeks to Tear Down the Corporate Veil to Uncover Alleged Fraudulent Transfers

June 8, 2022 admin

May 25, 2022, US Bankruptcy Court for the District of Puerto Rico – BLD Realty, Inc. (“Debtor”) brings claims against Perfect Price, Inc.; Latin Investment Corp; et al. (collectively “Defendants”) to avoid and recover preferential and fraudulent transfers and turnover of property of the bankruptcy estate. The complaint filed by the Debtor alleges that that […]

United Corporation Faces $1.02m Clawback Suit in SOS Florida Bankruptcy Case

June 8, 2022 admin

May 23, 2022, US Bankruptcy Court for the Southern District of Florida – Ross R. Hartog, Chapter 7 trustee (“Trustee”) of the estates of the Debtors, SOS Furniture Company, Inc. (“SOS”) and Mattress One, Inc. (“M1”), sues United Corporation (“United”) and Fathi Yusuf Mohamad Yusuf (“Yusuf”) (collectively “Defendants”) to avoid and recover alleged fraudulent transfers, […]

Advantage Rent a Car, Delaware Debtor, Fires Off 15 Clawback Cases

June 8, 2022 admin

May 25, 2022, US Bankruptcy Court for the District of Delaware – CBIZ Accounting, Tax and Advisory of New York, LLC (“CBIZ”), in its capacity as Liquidating Trustee for the unsecured creditors of Advantage Rent A Car, files group adversary proceedings against fifteen (15) Defendants to avoid and recover preferential transfers pursuant to 11 U.S.C. […]

New York Debtor LATAM Airlines Sues Associated Energy Group, LLC in $800k Clawback Action

June 8, 2022 admin

129

May 25, 2022, US Bankruptcy Court for the Southern District of New York – Debtors in the bankruptcy case of LATAM Airlines Group S.A., et al., bring a lawsuit against Associated Energy Group, LLC to clawback $838,401.80 of alleged preferential and fraudulent transfers. The complaint avers that during the ninety (90) days before the bankruptcy […]

Share this video

Enter your email and press subscribe (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Leave this field empty if you're human:

Enter your email and press subscribe (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Leave this field empty if you're human:

Enter your email and press subscribe

Enter your email and press subscribe