Topic
Preference Actions
210 published works
Delaware Bankruptcy Update
ADI Liquidation, Inc. Avoidance Actions Filed
On September 7-8, 2016, various debtors in the ADI Liquidation, Inc. (f/k/a AWI Delaware, Inc.), et al. bankruptcy proceeding filed approximately 332 complaints seeking the avoidance and recovery of allegedly…
Delaware Bankruptcy Update
Preference Complaints Filed in Trump Entertainment Resorts Bankruptcy
Introduction On September 6th and 7th, 2016, Nathan A. Schultz, as Distribution Trustee of the TER Trust (the “Trustee”) for the bankruptcy estate of Trump Entertainment Resorts, Inc. (the "Debtors"), filed 92…
In Solvency
Preference Complaints Filed in Trump Entertainment Resorts Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On September 6th and 7th, 2016, Nathan A. Schultz, as Distribution Trustee of the TER Trust (the “Trustee”) for the bankruptcy estate of Trump Entertainment Resorts, Inc. (the "Debtors"), filed 92…
Delaware Bankruptcy Update
Bankruptcy Court Rejects Bankruptcy Claims against Maryland Department of Environment in Comprehensive Opinion
On August 4, 2016, the Delaware Bankruptcy Court considered cross-motions for summary judgment in a preference action case styled as Pirinate Consulting Group, LLC v. Maryland Department of the Environment (In re…
In Solvency
Bankruptcy Court Rejects Bankruptcy Claims against Maryland Department of Environment in Comprehensive Opinion
On August 4, 2016, the Delaware Bankruptcy Court considered cross-motions for summary judgment in a preference action case styled as Pirinate Consulting Group, LLC v. Maryland Department of the Environment (In re…
Banking & Finance Law Report
Expanding the Defense of Ordinary Course and Widening the Range of Acceptable Payments During the Historical Period
The Seventh Circuit Court of Appeals in Unsecured Creditors Committee of Sparrer Sausage Co., Inc. v. Jason’s Foods, Inc., 2016 WL 3213090 (7th Cir. June 10, 2016) expanded the scope…
Delaware Bankruptcy Update
Kid Brands Inc. Preference Actions Filed in New Jersey
On June 16, 2016, the Official Committee of Unsecured Creditors (the “Committee”) of Kid Brands Inc., et al. (the “Debtors”), filed approximately 64 complaints seeking the avoidance and recovery of allegedly…
Delaware Bankruptcy Update
Leading Edge Logistics – Preference Actions Filed
Introduction From May 11 through May 17, Alfred Giuliano, the Chapter 7 Trustee (the “Trustee”) for the bankruptcy estate of Leading Edge Logistics, LLC (the "Debtor"), filed approximately 86 complaints in…
In Solvency
Leading Edge Logistics – Preference Actions Filed
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction From May 11 through May 17, Alfred Giuliano, the Chapter 7 Trustee (the “Trustee”) for the bankruptcy estate of Leading Edge Logistics, LLC (the "Debtor"), filed approximately 86 complaints in…
Delaware Bankruptcy Update
Another Wave of Standard Register Company Preference Actions Filed
From May 11 to May 13, 2016, SRC Liquidation, LLC International Holdings, LLC (“Liquidating Debtor”), unleashed yet another wave of preference actions, filing approximately 257 additional complaints seeking the avoidance and recovery of…