Southern District

In re Enron Corp.

Chapter 11 debtors objected to claimant's proof of claim.
Ruling: 
Objection to a proof of claim for contractual damages was sustained where the Code required that damages'calculation be fixed as of a prefiling date not as of the actual contract rejection date, which was postfiling.
ABI Membership is required to access the full summary of In re Enron Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Savage & Assocs. P.C. v. A.I. Credit Corp. (In re Teligent Inc.)

Plaintiff representative of unsecured creditors of reorganized bankruptcy debtors brought an adversary proceeding against defendant, a company which financed insurance premiums, alleging that the debtors' payments to the company for financing its business insurance premiums constituted preferential transfers under 11 U.S.C. § 547. The company moved for summary judgment.
Ruling: 
Debtors'payments to a company for financing the debtors'business insurance premiums were not preferential transfers since the company was oversecured and had properly perfected its security interest.
ABI Membership is required to access the full summary of Savage & Assocs. P.C. v. A.I. Credit Corp. (In re Teligent Inc.). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Pages

Subscribe to Southern District