Topic
Preference Actions
210 published works
In Solvency
Corinthian Colleges Preference Actions Filed in Delaware Bankruptcy Court
Starting on April 28, 2017, Craig R. Jalbert, as Distribution Trustee of the Corinthian Distribution Trust, filed approximately 122 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent…
Delaware Bankruptcy Update
Walrath Opinion on Avoidance Actions – Motion for Summary Judgment: Denied
In a 24 page decision released April 13, 2017, Judge Walrath of the Delaware Bankruptcy Court denied a motion for summary judgment in a preference action brought by Charles Stanziale…
In Solvency
Walrath Opinion on Avoidance Actions – Motion for Summary Judgment: Denied
By Fox Rothschild LLP, Fox Rothschild LLP
In a 24 page decision released April 13, 2017, Judge Walrath of the Delaware Bankruptcy Court denied a motion for summary judgment in a preference action brought by Charles Stanziale…
In Solvency
Cal Dive Offshore Contractors, Inc. Preference Actions Filed
On March 2, 2017, Cal Dive Offshore Contractors, Inc. ("Cal Dive" or "Debtor") filed approximately 136 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547,…
Delaware Bankruptcy Update
Cal Dive Offshore Contractors, Inc. Preference Actions Filed
On March 2, 2017, Cal Dive Offshore Contractors, Inc. ("Cal Dive" or "Debtor") filed approximately 136 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547,…
Delaware Bankruptcy Update
S.D.N.Y. Bankruptcy Court Dismisses Preference Action Involving International Transfer
In the recent decision of Spizz v. Goldfarb Seligman & Co. (In re Ampal-American Israel Corp.), 2017 WL 75750 (Bankr. S.D.N.Y. Jan. 9, 2017), the United States Bankruptcy Court for the Southern…
In Solvency
Preference Actions Filed in the Seal123, Inc. Bankruptcy Proceeding
From December 15-21, 2016, the Seal123, Inc. Liquidation Trust filed approximately 68 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 544 and/or 547, 548…
Delaware Bankruptcy Update
Preference Actions Filed in the Seal123, Inc. Bankruptcy Proceeding
From December 15-21, 2016, the Seal123, Inc. Liquidation Trust filed approximately 68 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 544 and/or 547, 548…
Delaware Bankruptcy Update
Ordinary Course Defense Examined by the 7th Circuit – Bucketing Analysis Rejected
In the recent decision of Unsecured Creditors Comm. of Sparrer Sausage Co., Inc. v. Jason's Foods, 826 F.3d 388 (7th Cir. 2016), the Seventh Circuit overturned the bankruptcy court’s application of…
Delaware Bankruptcy Update
Opinion in NewPage (Pirinate Consulting) is a Reminder of 547 Defenses
Over three years ago, in September 2013, Pirinate Consulting Group LLC, in its capacity as Litigation Trustee (the "Trustee") of the NewPage Creditor Litigation Trust, began filing complaints in the…