Mondaq USA: Insolvency/Bankruptcy, Re-structuring
Stoll Keenon Ogden PLLC
The Seventh Circuit affirms the dismissal of the debtors' chapter 7 petition for cause under 11 U.S.C. ง 707(a).
Stoll Keenon Ogden PLLC
The district court affirms the bankruptcy court's order avoiding the mortgage foreclosure deficiency judgment liens on the debtor's residence.
Stoll Keenon Ogden PLLC
The bankruptcy court approves the final fee applications of the Chapter 11 professionals following conversion to Chapter 7. The secured lenders objected on a number of grounds.
Stoll Keenon Ogden PLLC
The bankruptcy court overrules the unsecured creditors committee's objection to the proposed break-up fees (totaling $375,000) in asset purchase agreements that the debtors entered into with a proposed stalking horse bidder.
Fox Rothschild LLP
In the Boomerang Systems, Inc. bankruptcy proceeding (Delaware Bankruptcy Case No. 15-11729), a formation meeting has been scheduled for Thursday, August 27, 2015 at 10:00 a.m. (ET) at the J. Caleb Boggs Federal Building, 844 King Street, Room 2112, Wilmington, DE 19801.
Fox Rothschild LLP
Since the time of my last post, Alan D. Halperin, the Trustee of the FBI Wind Down, Inc. Liquidating Trust has filed 93 more preference complaints.
Stoll Keenon Ogden PLLC
The bankruptcy court holds that the creditor may not proceed with a damages hearing in state court, as the liability judgment has already been discharged in the bankruptcy.
Stoll Keenon Ogden PLLC
Following from my recent posting on the in re Lee decision, Prof. Joshua Fershee had provided comments at the Business Law Prof Blog.
Stoll Keenon Ogden PLLC
The bankruptcy court grants in part the motion to restrict access to filings with personally identifiable information.
Foley & Lardner
While American manufacturing has experienced a resurgence in recent years, some manufacturers continue to face challenges.
Fox Rothschild LLP
Michael Viscount was featured in The Philadelphia Inquirer article "In A.C., Two Reasons This Is Personal." Full text can be found in the August 16, 2015, issue, but a synopsis is below.
Duane Morris LLP
Section 303 of the Bankruptcy Code provides creditors with a mechanism to force a recalcitrant debtor into bankruptcy through the filing of an involuntary petition for relief.
Stoll Keenon Ogden PLLC
In re Radtke (Bankr. N.D. Ind. June 9, 2015) – Court sustains trustee's objection to claimed exemption for real property because property sold on a land contract.
Fox Rothschild LLP
As explained in a prior post, the Liquidating Trustee had sent out demand letters, the first step towards preference litigation.
Fox Rothschild LLP
On August 11, 2015, the Bankruptcy Court for the Northern District of California ruled on an issue "of apparent first impression" that claims for unpaid rent brought by landlords for office space leased to the former law firm of Howrey LLP should be given priority status under the Bankruptcy Code.
Stites & Harbison PLLC
The Sixth Circuit Court of Appeals issued a new FDCPA opinion this week affirming dismissal for failing to state a claim but remanding to allow a plaintiff to amend his complaint against a law firm for threatening or misleading statements the firm allegedly made in a collection letter.
Stoll Keenon Ogden PLLC
The pro se appellant failed to file an appellate brief by the deadline and failed to explain that failure in response to the motion to dismiss the appeal.
Stoll Keenon Ogden PLLC
The Seventh Circuit affirms the bankruptcy court's decision upholding the creditor's claim following the debtor's objection.
Stoll Keenon Ogden PLLC
The bankruptcy court grants judgment in favor of the defendants in this turnover action brought by the Chapter 7 trustee.
Ice Miller LLP
The impact of the Supreme Court's decision in Wellness on bankruptcy litigation and the Seventh Circuit's recent response to the Supreme Court's remand.
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Fox Rothschild LLP
As mentioned in an earlier post, the current deadline to object to dischargeability of certain debts in Curtis James Jackson, III's bankruptcy pursuant to 11 U.S.C. 523 is October 5, 2015.
Jones Day
Compared to much of the rest of the world, the United States had the most positive economic, business, and financial news in 2014.
Jones Day
On July 16, 2015, the finance ministers of the 19 eurozone countries agreed to "grant in principle" a third bailout package for Greece that could total €86 billion ($94.5 billion).
For those focused on the debt restructuring market, the Greek sovereign crisis (covered extensively in our recent updates) has drowned out news of other debt restructuring matters this year.
Herrick, Feinstein LLP
The Second Circuit's recent decision in the Madoff clawback actions effectively limited the exposure period that "innocent investor" defendants face for the return of transfers they received in connection with the Bernie Madoff Ponzi scheme to two years prior to the date of its collapse.
Cadwalader, Wickersham & Taft LLP
Illinois law establishes retirement plans for all public employees in the State, including those employed by the City of Chicago.
Blank Rome LLP
The Eleventh Circuit's decision to uphold the Bankruptcy Court's decisions was obviously not a welcome decision to many junior residential lenders across the country and the cases were appealed to the Supreme Court.
Dentons (US)
In a "loan-to-own" investment, an investor acquires secured debt at a discount to leverage the face amount of the debt in an asset purchase or debt-to-equity swap.
Jones Day
A "structured dismissal" of a chapter 11 case following a sale of substantially all of the debtor's assets has become increasingly common as a way to minimize costs and maximize creditor recoveries.
Fox Rothschild LLP
According to recent filings, the Curtis James Jackson, III ("50 Cent" or "Debtor") has 1-49 creditors, $10,000,001 to $50 million in Assets, and estimated liabilities of $10,000,001 to $50 million.
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