New Cases

Deva Capital Buys Claim Worth $25M in Grupo Aeroméxico

October 7, 2021 admin

194

September 28, 2021, Southern District of New York – Bank of America c/o Bank of America Merrill Lynch transfers its claims worth $25M (Claim No.13542 and 13602 for $10,705,424.00 and $14,502,042.00, respectively) to Deva Capital Investment Company, S.L.U. in the bankruptcy case of Grupo Aeromexico SAB de CV et al. (“Debtor”). Describing themselves as alternative […]

Debtor Held Properties in Constructive Trust, No Fraudulent Conveyance Under § 544

October 7, 2021 admin

September 29, 2021, Middle District of Georgia – Trustee Walter W. Kelley for the bankruptcy estate of Julia Marie Haar sought to avoid, as fraudulent conveyances, the transfer of two parcels of realproperty by Debtor to Defendant David Haar. As to the facts of the case, the Debtor is Defendant’s sister. Defendant purchased the two […]

Special Counsel Appointed for Vascular Access Centers

October 6, 2021 admin

September 27, 2021, Eastern District of Pennsylvania – The Bankruptcy Court for the Eastern District of Pennsylvania recently issued an order decreeing and approving the appointment of Westfall, LLC as special counsel for Vascular Access Centers, L.P. The special counsel is retained for the purpose of commencing, prosecuting, and/or compromising and settling certain avoidance action claims, to be delegated to […]

Trustee Terry Seeks to Dismiss A Complaint Against Salubrio, LLC

October 6, 2021 admin

October 1, 2021, Western District of Texas – Eric B. Terry, Chapter 7 Trustee (“Trustee”) in Bankruptcy Case No. 20-5057 for Debtor Salubrio, LLC (“Salubrio”) moves to dismiss Plaintiff-Debtor Douglas Kevin Smith’s complaint with prejudice for failure to state a claim upon which relief can be granted according to Rule 12(b)(6) of the Federal Rules […]

New Vision Realty Trustee Seeks Determination – Who Has a Superior Lien?

October 6, 2021 admin

September 24, 2021, Northern District of Georgia – Gregory Hays, as Chapter 7 Trustee for the bankruptcy estate of New Vision Realty & Investments, Inc. (“Debtor”) prosecutes Normandy Capital Trust for return of real property under Section 544 (a)(3) of the Bankruptcy Code. The debtor was the sole owner of the record of real property […]

Another Win for Madoff Trustee: May Recover Fictitious Profits Received by Gerald and Barbara Family Trust

October 6, 2021 admin

September 30, 2021, Southern District of New York – Irving H. Picard, The Securities Investor Protection Act of 1970 (SIPA) (“SIPA Trustee”), for the substantively consolidated SIPA liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”) and Bernard L. Madoff (“Madoff”), brought an adversary proceeding to avoid and recover fictitious profits received by the Gerald […]

Elite Aerospace Seeks Turnover of its Equipments Under § 542

October 5, 2021 admin

325

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 […]

America’s Oldest Nursery Sues KORE Capital for Alleged Breach of Contract

October 5, 2021 admin

129

September 22, 2021, District of Delaware – Debtors Moon Group, Inc., Moon Landscaping, Inc., Moon Nurseries, Inc., Moon Site Management, Inc., Moon Wholesale, Inc., and Rickert Landscaping, Inc. (collectively, the “Moon Entities”) bring an action against KORE Capital Corporation for alleged breach of contract, breach of implied duty, fraudulent misrepresentation, common law fraud and tortious […]

A Montana Farmer Brings Reclamation of Property Claim Against a Debtor-Defendant

October 5, 2021 admin

September 21, 2021, District of Delaware – Plaintiff Garrett Herden, a farmer residing in the state of Montana, sues Debtor Defendant Pipeline Foods LLC, Cooperative Rabobank U.A., and many others, seeking a declaratory judgment determining the validity, priority, and extent of Plaintiff’s state statutory lien. Allegedly, Plaintiff made certain deliveries to the Debtor-Defendant and did […]

New Article : Avoiding Fraudulent Transfer Claims From Loan Workouts

October 4, 2021 admin

September 13, 2021 – Avoiding Fraudulent Transfer Claims from Loan Workouts (Author: Hanna Lahr and James Roberts). https://bankingjournal.aba.com/2021/09/avoiding-fraudulent-transfer-claims-from-loan-workouts/ (2)

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