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1756 W. Lake St LLC v. American Chartered Bank and Scherston Real Estate Investments, LLC

  • Summarized by Kurt Carlson , Carlson Dash LLC
  • 10 years 11 months ago
Citation:
1756 W. Lake Street LLC v. American Chartered Bank and Scherston Real Estate Investments, LLC, Court of Appeals, 7th Circuit (May 15, 2015)
Ruling:
Value derived from several forbearance agreements and related concessions from a creditor satisfies the reasonable equivalence test in the face of an avoidance action brought by the debtor where...
Judge(s):
Posner, Sykes, Simon
Tag(s):

Kaler v. Slominski (In re Keeley and Grabanski Land Partnership)

  • Summarized by Bruce Weiner , Rosenberg, Musso & Weiner
  • 10 years 11 months ago
Citation:
2015 WL 2237147
Ruling:
The bankruptcy court erred in calculating damages and offset under Section 550. The bankruptcy court incorrectly gave defendant an offset for costs of improvements after finding that he did not...
Judge(s):
Federman, Nail, and Shodeen
Tag(s):

Templeton v. O'Cheskey (In the Matter of American Housing Foundation)

  • Summarized by Craig Geno , Law Offices of Craig M Geno, PLLC
  • 10 years 11 months ago
Citation:
In the Matter of American Housing Foundation; Fifth Circuit; No. 14-10563
Ruling:
In a complex factual setting, where the transactions were poorly documented, the Appellant Templeton "invested" over $2million in limited partnerships that were affiliates of the Debtor. The...
Judge(s):
King, Davis and Owen
Tag(s):

Plyam v. Precision Development, LLC (In re Plyam)

  • Summarized by Joel Newell , Ballard Spahr, LLP
  • 10 years 11 months ago
Citation:
9th Cir. Bankruptcy Appellate Case No. CC-14-1362-TaDPa (May 5, 2015)
Ruling:
The 9th Circuit Bankruptcy Appellate Panel ("BAP") ruled that a bankruptcy court may relay on the issue preclusion effect of an existing state court judgment; however, the bankruptcy court must...
Judge(s):
TAYLOR, DUNN, and PAPPAS, Bankruptcy Judges.
Tag(s):

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