Rochelle's Daily Wire

New York Court of Appeals decision opens the door to state court suits against third parties who cause debtors to breach contracts with lenders.

Long Island judge finds no ambiguity in two statutes that other courts have found ambiguous when read together.

A homestead exemption does not bar selling a home when the chapter 7 debtor has no equity in the property, Judge Robert Grossman says.

Fictitious profits in account statements don’t represent ‘value’ and give rise to a defense for receipt of a fraudulent transfer with ‘actual intent,’ the Second Circuit rules.

Ownership of a bank account isn’t enough by itself to make the account holder the initial transferee of a fraudulent transfer.

Even though the price and terms were ‘entirely fair,’ Bankruptcy Judge Garrity disapproved DIP financing that would have locked in the right of controlling shareholders to purchase new stock at a 20% discount.

Bankruptcy Judge Glenn hints that the lenders and the debtor should mediate tough questions about the enforceability of a $150 million ‘sale’ of future credit card receivables.

Bankruptcy Judge Martin Glenn imposed civil contempt sanctions for ignoring court orders over five years.

The power to order disgorgement of fees arose under Section 105(a), not from Sections 330 or 331.

New York district judge differs with the Third Circuit on a bankruptcy court’s constitutional power to issue nondebtor, third-party releases.