New Cases

Chip’s Family Restaurant Seeks to Strip Liens Not Supported By Equity in Property, Sues American Express National Bank, US Small Business Administration, and Others

March 26, 2021 admin

164

Chip’s Family Restaurant initiates an adversary proceeding to determine the validity, priority, and extent of liens filed by the Defendants, American Express National Bank, US Small Business Administration, and Celtic Bank Corporation against the Debtor.

Vista Sand Sues Hydraulic Fracturing Services Company for Alleged Breach of Contract

March 25, 2021 admin

Earlier this month, Vista Sand sued ProFrac Services, LLC for breach of contract and to recover damages it suffered as a direct and actual result of the breach.

Defendants Allegedly Refused to Return Equipment and Property, An Asphalt Paving Contractor Seeks Turnover Under Sec. 542 of the Bankruptcy Code

March 24, 2021 admin

209

Avery Asphalt, Inc. and other affiliated debtors bring a complaint against Defendants Sean Bulmann and Copper State Pavement Services, Inc. for turnover of property under Sec. 542 of the Bankruptcy Code.

Debtors’ Managers Allegedly Used Company’s Account to Pay Its Own and Other Entities’ Personal Expenses, Trustee Brings a Fraudulent Conveyance Action

March 24, 2021 admin

Trustee Daniel E. Straffi for the bankruptcy estate of Camp Harmony, Inc. accuses Defendant Public Service Electric & Gas Company for receipt of fraudulent transfers.

VOIP Guardian Partners I Accuses Former Directors and Officers Of Breach of Their Fiduciary Duty of Care and Loyalty, Also Seeks to Clawback Preferential Transfers and Fraudulent Conveyances

March 23, 2021 admin

410

Trustee Timothy Yoo for the bankruptcy estate of VoIP Guardian Partners I, LLC seeks damages from certain former directors and officers of the Debtor for breach of their fiduciary duty of care and loyalty in their pre-petition management of the Debtor’s telecom factoring business.

SafeBuy Trustee Sues Insider Defendants for Fraudulent Transfers and Alleged Breach of Fiduciary Duty

March 23, 2021 admin

SafeBuy LLC Trustee accuses insider defendants of actual fraud, breach of fiduciary duty and, seeks to recover and avoid certain transfers as fraudulent conveyances under Sec. 544, Sec. 548 and Sec. 550 of the Bankruptcy Code.

Trustee Mark Schlant Files Clawback Actions in IFS Filing Systems LLC Bankruptcy

March 22, 2021 admin

Trustee Mark J. Schlant in the bankruptcy for IFS Filing Systems, LLC commences clawback actions against defendants to avoid and recover preferential transfers.

Insiders Jointly Liable for Debtor’s Debt Under Alter Ego/Reverse Veil Piercing Theory, Alleges Trustee in National Land Records Bankruptcy Case

March 21, 2021 admin

200

Trustee Christopher J. Moser for the bankruptcy estate of National Land Records, LLC recently commenced an adversary proceeding against insider defendants on the principles of reverse veil piercing and the alter ego.

Debtors’ Managers Allegedly Used Company’s Account to Pay Its Own and other Entities’ Personal Expenses, Trustee Brings a Fraudulent Conveyance Action

March 19, 2021 admin

Trustee Daniel E. Straffi for the bankruptcy estate of Camp Harmony, Inc. accuses Defendant Public Service Electric & Gas Company for receipt of fraudulent transfers.

Lehman Brothers Not Yet Done Suing Lenders, Continues to File Adversary Proceedings Against Mortgage Brokers

March 17, 2021 admin

Lehman Brothers Holdings Inc. continues to file lawsuits to recover money damages from the defendants for the indemnification claims.

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