New Cases

Delaware Bankruptcy Court Approves Archer & Greiner, P.C. as Counsel for Trustee in Healthe, Inc. To Protect and Preserve Debtor’s Estate

February 8, 2022 admin

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January 28, 2022, District of Delaware – Honorable Bankruptcy Judge Christopher S. Sontchi approves the application of Trustee David W. Carickhoff of the bankruptcy estate of Healthe, Inc. for entry of an order according to sections 327(a) and 328 of the Bankruptcy Code, Bankruptcy Rule 2014, and Local Bankruptcy Rule 2014-1 authorizing the Trustee to […]

Synergy Law Trustee Seeks Summary Judgment on its $1.8 Million Clawback Action Against TAS, LLC

February 8, 2022 admin

January 31, 2022, District of Columbia – Marc E. Albert, as Trustee for the bankruptcy estate of Synergy Law, LLC, moves for summary judgment against TAS, LLC to avoid and set aside the $1,845,061.00 that was allegedly fraudulently transferred to TAS under §547 and §548 of the Bankruptcy Code. Trustee Albert contended in the complaint […]

Claims With Face Amount Over $50 Million Transferred in Grupo Aeromexico, S.A.B. de C.V., et al.

February 8, 2022 admin

February 4, 2022, Southern District of New York – Multiple transferors transferred rights, titles and interests in their claims in the bankruptcy case of Grupo Aeromexico, S.A.B. de C.V. et al. The details can be found in the table below: Date Transferor Transferee Claim No//Type Claim Amount Transferred 01/28/22 Cowen Special Investments LLC Invictus Global Management, LLC Claim […]

New York Court Rules in Favor of Defendants on Their Ordinary Course of Business Defense

February 7, 2022 admin

February 3, 2022, Eastern District of New York – Plaintiff Bryan Ryniker, the Litigation Administrator for the post-confirmation Debtors Décor Holdings, Inc., et al. commenced separate preference actions against three sets of defendants, all represented by Montgomery, McCracken, Walker & Rhoads LLP. Each defendant filed motions for summary judgment asserting the affirmative defenses of the ordinary course of […]

EmergeLaw, PLC Appointed as Debtor’s Counsel in River Hill Bankruptcy; May Initiate Lawsuits To Recover Assets For Benefit of Debtor’s Estate

February 6, 2022 admin

January 19, 2022, Middle District of Tennessee – Upon consideration on the application of Debtor River Hill, Ltd for approving the employment and retention of EmergeLaw, PLC as its counsel, Honorable Judge Marian F. Harrison grants River Hill’s application and appoints the EmergeLaw, PLC as Debtor’s counsel. As stated in the application, the counsel has […]

Dupont Street 3 LLC Acquires Claims in Face Amount of $8.5 Million in Dupont Street Developers Bankruptcy

February 5, 2022 admin

January 28, 2022, Eastern District of New York – Interior Development, Inc., Goldberg Zonio & Associates & DuPont Realty NY LLC transfer rights, titles, and interests in their claims (Claim No. 13: $950,000.00, Claim No. 5: $462,686.80, Claim No. 14: $7,108,444.89, respectively) in the bankruptcy case of Dupont Street Developers LLC. As per the notices filed […]

Jupiter MLP Trustee Ushers-in 18 Clawback Actions, Eyes $5.5M in Alleged Preference and Fraudulent Transfers

February 4, 2022 admin

January 28, 2022, Northern District of Texas – Trustee Daniel J. Sherman for Jupiter MLP, LLC commences eighteen (18) clawback lawsuits against several defendants to avoid and recover $5,502,244.97 as alleged preferential and fraudulent transfers of property under Bankruptcy Code Sections 547, 550, 544, 548 and 550. The Trustee also seeks to avoid and recover post-petition […]

Defendant’s Motion Fails to Knock-Off Trustee’s Clawback Effort; Payment History Too Irregular To Establish Pattern For Baseline

February 4, 2022 admin

January 28, 2022, Eastern District of Kentucky – Plaintiff Ellen Arvin Kennedy, Liquidating Trustee for the Cambrian Liquidating Trust, brought a lawsuit to avoid and recover transfer of $49,841.95 from Defendant, the Estate of Roy Campbell, under Section 547, 548, and 549 for the benefit of the bankruptcy estate. The Trustee moved for summary judgment. […]

Jones Day : “Another New York District Court Widens the Bankruptcy Code’s Securities Contract Safe Harbor”*

February 2, 2022 admin

January 28, 2022 – Jones Day : “Another New York District Court Widens the Bankruptcy Code’s Securities Contract Safe Harbor” (Author : Mark Douglas, Charles Oellermann ) *Onebowlinggreen.com posts articles for convenience of our subscribers. Onebowlinggreen.com does not endorse contents of articles. (11)

Citigroup Financial Products Buys Claim in Face Amount of $50M in Groupo Aeromexico, SAB de CV, et al.

February 2, 2022 admin

January 26, 2022, Southern District of New York ¬– Citigroup Financial Products, Inc. files evidence and notice under Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure of the transfer of the claims (Claim No: 381 &382) of Yamasa Aircraft AMI Kumiai in the bankruptcy case of Groupo Aeromexico, SAB de CV et al. The total […]

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