‘Old’ GM lenders lose again while attempting to avoid the consequences of a $1.5 billion mistake.
Withdrawing a proof of claim will not divest the bankruptcy court of jurisdiction to try an avoidance action without a jury, Judge Bernstein says.
New York court delves into issues covered by the Fifth Circuit in Hawk and DeBerry.
Court supervision and participation by creditors aren’t required for recognition under chapter 15.
New York judge allows insolvent parents to pay for a minor child’s expensive education.
Judge Chapman delves into the murky realm of an individual’s ‘COMI’ and ‘establishment.’
Will the avoiding powers and the safe harbor both have extraterritorial effect? Stay tuned!
MPM Silicones makes law again, this time on subordination of junior secured lenders.
District judge in Brooklyn overturns the bankruptcy court and again exposes colleges and universities to the receipt of fraudulent transfers when insolvent parents pay their childrens’ tuition.
Judge Vyskocil denounces an involuntary petition as an attempt by senior, fully secured noteholders to profit at the expense of subordinate noteholders.