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Delaware Bankruptcy Update
Dots, LLC Preference Actions Filed
On November 7, 2014, in the neighboring jurisdiction of the United States Bankruptcy Court for the District of New Jersey, Dots, LLC, et al. (“Debtors” or “Dots”) filed approximately 70…
In Solvency
Charles M. Forman, Trustee in Satcon Bankruptcy, Files Preference Actions
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On October 17, 2014, Charles M. Forman, the Chapter 7 Trustee (the “Trustee”) for the bankruptcy estate of Satcon Technology Corp., began filing complaints to recover what he contends…
Delaware Bankruptcy Update
Charles M. Forman, Trustee in Satcon Bankruptcy, Files Preference Actions
Introduction On October 17, 2014, Charles M. Forman, the Chapter 7 Trustee (the “Trustee”) for the bankruptcy estate of Satcon Technology Corp., began filing complaints to recover what he contends…
Energy Business Law
Bankruptcy Courts Fail to Enlighten on Electricity as Goods or Services
Is electricity goods or services? That seemingly simple yet confounding question is illustrated by three recent bankruptcy cases (all of which consider whether an electricity provider is entitled to an…
Nebraska Debt & Bankruptcy Blog
What happens at the bankruptcy court hearing?
By Sam Turco
Delaware Bankruptcy Update
Chapter 15 Sale of U.S. Assets of Foreign Debtor Must be Reviewed by U.S. Bankruptcy Court
In the decision of In re Fairfield Sentry Ltd., 2014 WL 4783370, *4-5 (2d Cir. Sept. 26, 2014), the U.S. Court of Appeals for the Second Circuit ruled that a U.S.…
In Solvency
Barry Mukamal, Trustee in Southern Air Holdings Bankruptcy, Files Preference Actions
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction Earlier this month, Barry E. Mukamal, in his capacity as Litigation Trustee (the “Trustee”) of the SAI Litigation Trust, began filing complaints to recover what the Trustee contends are…
Georgia Bankruptcy Law Network
Can Non-US Citizens File A Bankruptcy Case?
By Scott Riddle
The Bankruptcy Code has specific code sections that list the requirements to be eligible to file a Bankruptcy case. What is not included in the list of requirements is that…
Delaware Bankruptcy Update
Trump Entertainment Resorts Files for Chapter 11 Bankruptcy Protection in Delaware
Trump Entertainment Resorts, along with its affiliated debtors (“Trump Resorts” or “Debtors”), filed for bankruptcy under Chapter 11 of the Bankruptcy Code on September 9, 2014 (the “Petition Date”) in…
In Solvency
Reclamation Rights to Recover Goods from a Debtor under Section 546(c) of the Bankruptcy Code
What remedies do you have to recover goods shipped to a company in the weeks leading up to its bankruptcy? As to those goods shipped 45 days prior to a…