Statute
Chapter 11
1,295 published works
In Solvency
Visteon Corporation Files Preference Actions Against Creditors
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction Last week, Visteon Corporation began filing preference complaints against hundreds of current and former creditors of the company. This post will look briefly at the nature of Visteon’s business,…
In Solvency
Trustee in GRA Liquidation (Black Angus Restaurants) Files Preference Complaints
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction Earlier this month, George L. Miller, the chapter 7 trustee (the "Trustee") in the GRA Liquidation bankruptcy proceeding began filing preference complaints against various defendants. For those not familiar…
Delaware Bankruptcy Update
Multiple Decisions in New Century TRS Holdings, Inc., Hold: When You Settle a Claim, You Get What You Contract For
Summary In two separate decisions arising from adversary proceedings in the New Century TRS Holdings, Inc., et al. (the “Debtors”) bankruptcy, signed May 10, 2011, Judge Carey of the Delaware…
Delaware Bankruptcy Update
Decision in NEC Holdings Corp., Holds Non-Debtor Environmental Liabilities to be Non-Core
Summary In a 5 page decision signed May 4, 2011, Judge Walsh of the Delaware Bankruptcy Court held that a proceeding initiated by a Debtor, seeking contribution relating to environmental…
In Solvency
A Closer Look at the Harry & David Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On March 28, 2011, Harry & David Holdings ("Debtors") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Debtors describe themselves as a "specialty…
Bankruptcy Law Insights
Madoff Trustee’s Amended Complaint – More Bad Stuff ’bout the Mets (Owners)
By Ben Feder
Irving Picard, the trustee overseeing the liquidation of Bernard L. Madoff Investment Securites (“BLMIS”), has filed an amended complaint (the “Amended Complaint”) that seeks to buttress his allegations against Fred…
In Solvency
Trustee in Sunset Aviation Commences Preference Actions
By Fox Rothschild LLP, Fox Rothschild LLP
Background Last month, the Chapter 7 Trustee in the Sunset Aviation bankruptcy began filing preference actions against various defendants seeking the recovery of alleged avoidable transfers. The Sunset Aviation bankruptcy proceeding…
Delaware Bankruptcy Update
Trustee in Sunset Aviation Commences Preference Actions
Background Last month, the Chapter 7 Trustee in the Sunset Aviation bankruptcy began filing preference actions against various defendants seeking the recovery of alleged avoidable transfers. The Sunset Aviation bankruptcy proceeding…
Bankruptcy Law Insights
The Dog That Didn’t Bark – Second Circuit’s Opinion in DBSD North America Disallows Gifting, But Is Silent on Cramdown of Secured Creditor
By Ben Feder
As discussed in previous posts on this site, back in December the Second Circuit Court of Appeals issued a summary order that reversed the bankruptcy court’s confirmation of the reorganization…
Bankruptcy Law Insights
Meet the Mess, Cont’d — Former Governor Cuomo Asked to Mediate Madoff Trustee’s Lawsuit Against Mets Owners
By Ben Feder
Judge Burton Lifland, the bankruptcy judge overseeing the liquidation proceedings of Bernard L. Madoff Investment Securities LLC (“BLMIS”) made a shrewd decision last week in appointing, on his own initiative,…