- 11 U.S.C.
Firstbase.io, Inc., In re--Firstbase.io, Inc. v. Harbor Bus. Compliance Corp.
May
06
2025
Ruling
Judicial lien avoided as preferential transfer made within 90 days of bankruptcy while debtor was insolvent. (Bankr. S.D.N.Y.)
Issue(s)
Preferences.
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Court
:
- 11 U.S.C.
B.C.I. Fins. Pty, In re
Mar
10
2025
Ruling
Liquidator of estates of foreign debtors was entitled to discovery rights to investigate potential claims against debtors’ founders and third parties that aided and abetted breaches of fiduciary duty. (Bankr. S.D.N.Y.)
Issue(s)
Relief That May Be Granted Upon Recognition; Types of Appropriate Relief; Discovery.
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Court
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- 11 U.S.C.
Spirit Airlines, Inc., In re
Mar
07
2025
Ruling
Airline’s Chapter 11 plan confirmed with third-party releases due to clear notice and substantial creditor recoveries. (Bankr. S.D.N.Y.)
Issue(s)
Contents of Plan.
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Court
:
- 11 U.S.C.
In re Urban Commons 2 W. LLC
Mar
04
2025
Ruling
Foreclosure sale was a legal proceeding that could compel interest holders to accept a money satisfaction, justifying proposed free and clear sale of debtors’ leasehold interest in hotel. (Bankr. S.D.N.Y.)
Issue(s)
Use, Sale or Lease of Property; When Property May Be Sold Free and Clear of Any Interest; Where Acceptance of Money Satisfaction Could be Compelled.
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Mulberry Dev., LLC, In re
Feb
28
2025
Ruling
Dismissal served the interests of both the debtor and creditors as the debtor showed no intent to fulfill its obligations and creditors could pursue claims outside of bankruptcy without further delay. (Bankr. S.D.N.Y.)
Issue(s)
Dismissal of a Case or Conversion to a Case Under Chapter 11 or 13; For Cause.
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Court
:
- 11 U.S.C.
Grover, In re--Busche v. Grover
Feb
26
2025
Ruling
Court found that the state court judgment did not actually decide the issue of fraud against debtor which is a necessary element for collateral estoppel to apply in a nondischargeability proceeding. (Bankr. S.D.N.Y.)
Issue(s)
Exceptions to Discharge.
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Corben, In re
Feb
25
2025
Ruling
A Chapter 13 debtor's voluntary dismissal does not deprive the court of authority to impose conditions on dismissal. (Bankr. S.D.N.Y.)
Issue(s)
Effect of Dismissal; Subsequent Filings.
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Court
:
- 11 U.S.C.
Mega Newco, In re
Feb
24
2025
Ruling
English proceeding recognized as a "foreign main proceeding" because debtor's registered office is in London, and there was no contrary evidence that its center of main operations is located outside the United Kingdom. (Bankr. S.D.N.Y.)
Issue(s)
Order Granting Recognition; Requirements; Foreign Main or Nonmain Proceeding.
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Court
:
- 11 U.S.C.
Hal Luftig Co., In re
Feb
24
2025
Ruling
Extension of stay to debtor’s non-debtor sole shareholder for life of five-year plan satisfied the "unusual circumstance" test as enforcing the judgment against him would adversely impact the debtor's reorganization efforts. (Bankr. S.D.N.Y.)
Issue(s)
Automatic Stay; Duration; All Other Acts.
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Court
:
- 11 U.S.C.
Fun Bowl Vacations, Inc., In re--O'Toole v. Heinemann
Jan
06
2025
Ruling
Transfers were avoidable as fraudulent due to lack of reasonably equivalent value and debtor's insolvency. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable Transfers; Transfers Presumed Fraudulent.
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