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Advance Fin. Corp. v. Gross (In re Gross)

Ruling
Debt was dischargeable where alleged misrepresentation appeared to have been true when made and reaffirmed.
Procedural posture

Plaintiff creditor filed a complaint against defendant debtors, seeking a determination that the debt owed to the creditor was non-dischargeable pursuant to 11 U.S.C.S. § 523(a)(2)(A).

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Consumer opinion summary, case decided on June 09, 2011 , LexisNexis #1011-014

In re PHA Lighting Design Inc.

Ruling
Plan proposing that CEO would retain 100 percent of shares of debtor in exchange for paying future operating losses could not be confirmed.
Procedural posture

A Chapter 11 debtor sought confirmation of its first amended plan of reorganization. Because a class of impaired claims did not accept the plan, the debtor sought to cram down the plan pursuant to 11 U.S.C.S. § 1129(b).

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Commercial opinion summary, case decided on May 31, 2011 , LexisNexis #0811-062