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New Cases

Elite Aerospace Seeks Turnover of its Equipments Under § 542

September 23, 2021, Central District of California – Debtor and Debtor in possession Elite Aerospace Group, Inc., (“Plaintiff”) recently preferred multiple charges against Big Shoulders Capital VI, LLC, Machinery Network Auctions, Inc. (MNAI), and Machinery Network, Inc., claiming about $4.6 million. The Plaintiff seeks damages and brings equitable subordination and violation of automatic stay claims […]

Trustee Alfred T. Giuliano Seeks to Clawback $3.1 Million From United Furniture Industries, Inc.

March 3, 2022, District of Delaware – Trustee Alfred T. Giuliano of Art Van Furniture, LLC, et al. brings a clawback lawsuit against United Furniture Industries, Inc. and First-Citizens Bank & Trust Company to avoid and recover $3,145,010.91 in alleged preferences under Section 547 of the Bankruptcy Code. Before filing for bankruptcy, Debtors offered customers […]

Professional Fiduciary Services Files a Lawsuit to Recover $10M From Liquidating Trustee of Debtor Dahl’s Foods For Alleged Breach of Duty

September 1, 2021, Southern District of Iowa – Plaintiff John Michael Maier, Professional Fiduciary Services, LLC, as trustee for the Dahl’s Employee Stock Ownership Plan and Trust recently brought a lawsuit against Defendant Barry A. Chatz, the liquidating trustee of the Debtor Foods, Inc. Liquidating Trust for alleged breach of fiduciary duty and breach of […]

FitzWalter Capital Partners Sued for Alleged Security Interests over Aircraft; Plaintiffs Seeks Declaratory judgment, Injunction, and Damages

February 14, 2022, Southern District of New York – Plaintiffs-Debtors JPA No. 111 Co., Ltd., and JPA No. 49 Co., Ltd commence an adversary proceeding against Defendant FitzWalter Capital Partners (Financial Trading) Limited, seeking an order enforcing the automatic stay and declaring void all of the Defendant’s actions and suits against the Debtors and the non-debtor […]

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