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Stimwave Techs. Inc., In re--Perryman v. Stimwave Techs., Inc.

Ruling
Adversary proceeding was dismissed with prejudice as the complaint was filed 300 days earlier and plaintiff did not serve the summons and complaint as required. (Bankr. D. Del.)
Issue(s)
Process; Service of Summons, Complaint.

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Commercial opinion summary, case decided on August 20, 2024 , LexisNexis #1124-024

Amerifirst Fin., Inc., In re

Ruling
Creditors failed to assert a colorable claim for fraud and fraudulent inducement as they failedto justify reliance on unspecified promises. (Bankr. D. Del.)
Issue(s)
Preferences; Avoidable Transfers.

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Commercial opinion summary, case decided on August 14, 2024 , LexisNexis #1024-061

AmeriFirst Fin., Inc., In re

Ruling
Claim reclassified as a general unsecured claim and allowed in reduced amount as the debtordid not meet its burden of disproving the prima facie validity of the claim amount. (Bankr. D.Del.)
Issue(s)
Determination of Secured Status; Bifurcation of Claim.

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Commercial opinion summary, case decided on June 12, 2024 , LexisNexis #0824-031

Amerifirst Fin., In re

Ruling
Debtors who chose to file for bankruptcy in Delaware did not establish grounds for a changeof venue. (Bankr. D. Del.)
Issue(s)
Change of Venue.

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Commercial opinion summary, case decided on October 25, 2023 , LexisNexis #1223-100