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American Express Moves BK Court to Dismiss 548 Transfer Claim

January 27, 2023 admin

Download the full pdf of the motion by clicking: here January 03, 2023, US Bankruptcy Court for Middle Tennessee – American Express National Bank files a 12(b)(6) motion in the Tennessee Bankruptcy Court to dismiss the fraudulent transfer complaint of Erica R. Johnson, the Trustee for Debtor Falcon Press, LLC (“Debtor”). In the adversary complaint, […]

Construction Company Loses Breach of Contract Bid Against Lenders

January 27, 2023 admin

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Download the full pdf of the opinion by clicking: here January 04, 2023, US Bankruptcy Court for Connecticut – The Connecticut Bankruptcy Court denied Dennis Group’s summary judgment motion on the allegations of breach of contract and fraud against People’s United Bank, N.A., and B.M.O. Harris Bank, N.A. Dennis Group was engaged by Old CP, […]

Puerto Rico BK Court Holds Foreclosure Judicial Sale Not a Preference

January 27, 2023 admin

Download the full pdf of the opinion by clicking: here December 29, 2022, US Bankruptcy Court for Puerto Rico – Puerto Rico Bankruptcy Court dismissed the preference and fraudulent transfer allegations made by BLD Realty, Inc. (“Debtor”) against Latin Investment Corp., et al., (“Defendants”). BLD Realty had also sought a declaratory judgment that the two […]

Defendant Seeks Summary Judgment on Ordinary Course of Business Defense

October 13, 2022 admin

Download the full pdf of the motion by clicking: here October 06, 2022, US Bankruptcy Court for Eastern District of Kentucky – Hemp Kentucky Growers, LLC, (“Defendant” or “HKG”) moves the Kentucky Bankruptcy Court for summary judgment against the adversary complaint filed by Oxford Restructuring Advisors, LLC (“Plaintiff”). Defendant HKG alleges that the alleged preferential […]

Bradford Capital Buys Claims in the Face Amount of $68.2k in Revlon Bankruptcy

October 4, 2022 admin

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

October 4, 2022 admin

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

October 4, 2022 admin

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

October 4, 2022 admin

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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

October 4, 2022 admin

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

October 4, 2022 admin

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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” […]

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