Fin. Oversight & Mgmt. Bd. v. U.S. Bank N.A. (In re Fin. Oversight & Mgmt. Bd.)

• Summarized by David Treacy , U.S. Bankruptcy Court, Eastern District of Kentucky
• 1 month 3 weeks ago

Citation:

23-2036, 23-2049, 23-2050, 23-2052, 23-2053, 23-2054, 23-2057 (1st Circuit, Nov 13,2024) Published

Case Status:

Affirmed in part and Reversed in part

Ruling:

The U.S. Circuit Court for the First Circuit held (1) parties holding revenue bonds issued by the Puerto Rico Electric Power Authority (PREPA) have a non-recourse claim on PREPA's estate for the...

Judge(s):

Kayatta, Howard, and Rikelman

Tag(s):

• 1st Circuit
• Bankruptcy Litigation
• Claims
• Puerto Rico
• 11 U.S.C. § 101(5); 11 U.S.C. § 362(a); 11 U.S.C. § 502(c)(1)-(2);1 U.S.C. § 506(a)(1); 11 U.S.C. § 544(a); 11 U.S.C. § 547(b)
• (e)(3); 11 U.S.C. 552(a)
• (b)(1); 11 U.S.C. § 902(2)(A); 11 U.S.C. § 926(b); 11 U.S.C. § 927; 11 U.S.C. § 928(b); 11 U.S.C. § 1111(b)

Korean Claimants v. Dow Silicones Corp.

• Summarized by J. Debbeler , Bricker Graydon LLP
• 1 month 3 weeks ago

Citation:

23-193c; File No. 24a0447n.06 (6th Circuit, Nov 07,2024) Not Published

Case Status:

Affirmed

Ruling:

Claimants who failed to timely cash settlement checks from the Dow Corning Settlement Facility (Facility) are now barred from receiving payment by the district court order finalizing time for...

Judge(s):

Sutton, Chief Judge, and Readler, and Bloomkatz, Circuit Judges

Tag(s):

• 6th Circuit
• Bankruptcy Process and Procedure
• Bankruptcy Litigation
• Claims
• Court Administration
• Mass Torts
• 1129

Elizabeth Richert v. Kathleen White Murphy, et al

• Summarized by Kathleen DiSanto , Bush Ross, P.A.
• 3 months 1 week ago

Citation:

23-12840 (11th Circuit, Sep 26,2024) Not Published

Case Status:

Affirmed

Ruling:

Bankruptcy court did not err in converting chapter 13 case to chapter 7 where debtor consistently failed to comply with bankruptcy court orders and demonstrated bad faith, nor did the court violate...

Judge(s):

Newsom, Grant, and Anderson

Tag(s):

• 11th Circuit
• Bankruptcy Process and Procedure
• Bankruptcy Litigation
• Claims
• Personal Bankruptcy Topics
• Consumer Bankruptcy

Erickson v. Wilson-Aguilar (In re Erickson)

• Summarized by David Treacy , U.S. Bankruptcy Court, Eastern District of Kentucky
• 3 months 1 week ago

Citation:

No. 23-60037 (9th Circuit, Sep 24,2024) Not Published

Case Status:

Affirmed

Ruling:

The U.S. Circuit Court for the Ninth Circuit affirmed a bankruptcy court's rulings (a) dismissing a debtor's chapter 13 petition for bad faith under the circuit's "totality of the circumstances"...

Judge(s):

FLETCHER and JOHNSTONE, Circuit Judges, and RAKOFF, District Judge

Tag(s):

• 9th Circuit
• Claims
• Plan Confirmation
• Practice and Procedure
• Consumer Bankruptcy
• Mortgage
• 11 U.S.C. § 105(a)
• 11 U.S.C. § 349(a)
• 11 U.S.C. § 1307(c)
• 11 U.S.C. § 1322(b)(2)
• (3).

MAIN STREET BUSINESS FUNDING, LLC V JOHN P. LANE, JR.

• Summarized by David Banker , Womble Bond Dickinson
• 4 months 3 days ago

Citation:

No. 23-2430 (3rd Circuit, Sep 05,2024) Not Published

Case Status:

Affirmed

Ruling:

Proceeds from embezzlement litigation was not collateral of a loan where the security agreement did not describe the litigation. Pennsylvania’s Article 9 of the Uniform Commercial Code ("UCC"),...

Judge(s):

Ambro, Circuit Judge

Tag(s):

• 3rd Circuit
• Bankruptcy Process and Procedure
• Bankruptcy Litigation
• Claims
• Uniform Commercial Code/Article 9

USA, ET AL V. ROBERT MACKENZIE

• Summarized by Bradley Pearce , Pearce Law PLLC
• 4 months 5 days ago

Citation:

23-15825 (9th Circuit, Sep 03,2024) Published

Case Status:

Reversed and Remanded

Ruling:

Avoidance under 11 U.S.C. § 724(a) of the portion of a tax lien for penalties does not alter the priority of the amount of the tax authority's unavoided lien claim against the proceeds of the...

Judge(s):

Susan P. Graber, Roopali H. Desai, and Ana de Alba, Circuit Judges

Tag(s):

• 9th Circuit
• Bankruptcy Process and Procedure
• Claims
• 105(a)
• 724(a)
• 551

TOWN SPORTS INTERNATIONAL, LLC V RAMON MORENO-CUEVAS

• Summarized by Amir Shachmurove , Brown Rudnick LLP
• 4 months 6 days ago

Citation:

24-1020 (3rd Circuit, Aug 21,2024) Not Published

Case Status:

Affirmed

Ruling:

In a per curiam opinion, the U.S. Court of Appeals for the Third Circuit (Circuit) found no error in the decision of the U.S. Bankruptcy Court for the District of Delaware (BC) denying relief from...

Judge(s):

Cheryl Ann Krause; Paul Matey; and Cindy K. Chung

Tag(s):

• 3rd Circuit
• Bankruptcy Process and Procedure
• Asset Sales
• Bankruptcy Litigation
• Claims
• Court Administration
• Plan Confirmation
• Practice and Procedure
• Real Estate
• Small Business
• 11 U.S.C. § 362(d)(1); 11 U.S.C. § 542(a)(2)

POSHOW ANN KIRKLAND, ET AL V. JASO

• Summarized by Solymar Castillo-Morales , Goldman Antonetti & Cordova
• 4 months 1 week ago

Citation:

No. 22-55944 (9th Circuit, Aug 23,2024) Published

Case Status:

Affirmed

Ruling:

The Circuit Court affirmed the district court’s order affirming a judgment of the bankruptcy court, and remanded for further proceedings, in a fraudulent transfer action in which a jury...

Judge(s):

Richard R. Clifton, Gabriel P. Sanchez, and Edward R. Korman,

Tag(s):

• 9th Circuit
• Bankruptcy Litigation
• Claims
• Fraud
• Fraudulent Transfers
• Preferences
• Commercial Fraud
• 11 USC 544(B)
• 548

Stadtmauer v. Tulis (In re Nordlicht)

• Summarized by David Treacy , U.S. Bankruptcy Court, Eastern District of Kentucky
• 4 months 2 weeks ago

Citation:

22-1223-bk (2nd Circuit, Aug 15,2024) Published

Case Status:

Affirmed

Ruling:

The U.S. Court of Appeals for the Second Circuit held a bankruptcy court did not err in approving a Chapter 7 Trustee's settlement of legal claims filed by Appellants against the debtor and third...

Judge(s):

Livingston, Sack

Tag(s):

• 2nd Circuit
• Asset Sales
• Bankruptcy Litigation
• Claims
• Fraudulent Transfers
• Practice and Procedure
• Fed. R. Bankr. P. 2002(a)(3); Fed. R. Bankr. P. 7001(2); Fed. R. Bankr. P. 9019(a)
• 11 U.S.C. § 101(5)
• (37); 11 U.S.C. § 105(a); 11 U.S.C. § 108(c)(2); 11 U.S.C. § 362(a); 11 U.S.C. § 363(b)
• (f); 11 U.S.C. § 506(a)(1); 11 U.S.C. § 541; 11 U.S.C. § 544

Rechnitz v. Schmidt

• Summarized by Amir Shachmurove , Brown Rudnick LLP
• 4 months 3 weeks ago

Citation:

23-20386 (5th Circuit, Aug 14,2024) Published

Case Status:

Affirmed

Ruling:

In this direct appeal, the U.S. Court of Appeals for the Fifth Circuit (Circuit) affirmed the ruling of the U.S. Bankruptcy Court for the Southern District of Texas (BC) that the trustee for two...

Judge(s):

Kyle S. Duncan; Jennifer W. Elrod; and Irma C. Ramirez

Tag(s):

• 5th Circuit
• Bankruptcy Process and Procedure
• Automatic Stay
• Claims
• Corporate Governance
• Fraud
• Fraudulent Transfers
• Practice and Procedure
• Preferences
• Valuation
• Venue/Jurisdiction
• Business Reorganization
• Commercial Fraud
• Lender Liability
• 11 U.S.C. § 548(a)(1)(A); 11 U.S.C. § 550(a)(2); 11 U.S.C. § 550(b)(1)

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