business Cases
April 8, 2021
10th Circuit , Kansas ,
Subordination agreement did not transfer voting rights, but prudential standing nevertheless barred the subordinated creditor from participating in confirmation, Judge Somers says.
April 6, 2021
If a case is dismissed, all assets revest in the debtor and nothing remains in the bankruptcy estate, not even undisclosed assets.
April 5, 2021
Creditors’ lawyers shot themselves in the foot by having the bankruptcy judge moot a motion for an extension of the dischargeability deadline.
March 31, 2021
The statutory basis for permanent relief under today’s chapter 15 was found in former Section 304, which chapter 15 superseded.
March 29, 2021
Splitting with the Sixth Circuit, Pittsburgh district judge rules that a FLSA suit falls within the ‘police and regulatory’ exception to the automatic stay.
March 24, 2021
4th Circuit , Maryland ,
Only individuals in subchapter V of chapter 11 are barred from discharging debts found to be nondischargeable under Section 523(a).
March 23, 2021
A triangular setoff valid under state law does not satisfy the mutuality requirement in Section 553(a).
March 19, 2021
Intending to reside permanently in the U.S. won’t qualify someone for a Florida homestead exemption unless the debtor is entitled to permanent residency.
March 18, 2021
The Third Circuit found loopholes in the purchase agreement permitting the buyer to assert an administrative claim, even though the breakup fee was disallowed.
March 16, 2021
Despite several errors about the safe harbor, the government recommends that the Supreme Court deny certiorari in Tribune.