Judge Gaines

In re Tate

Before the court was the U.S. Trustee's (UST's) motion to dismiss pursuant to 11 U.S.C. § 707(b)(2), as well as the chapter 7 debtor's opposition thereto.
Ruling: 
Debtors could not take deduction for vehicle owned free and clear, resulting in dismissal for abuse.
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Consumer case opionion summary, case decided on December 18,2007, LexisNexis #0208-012

In re Premiere Entertainment Biloxi LLC

Chapter 11 debtors filed a motion pursuant to 11 U.S.C. § 363(c) and Fed. R. Bankr. P. 4001(b) for an order authorizing the use of cash collateral on an interim basis. Creditors filed objections to the motion.
Ruling: 
Debtor allowed to use insurance proceeds to rebuild casino resort damaged by Hurrican Katrina.
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In re Consolidated FGH Liquidating Trust

In a consolidated bankruptcy proceeding, liquidating trustee filed objections to claimants'proofs of claims regarding a stock purchase agreement wherein the claimants sold stock to the debtor.
Ruling: 
Claims for outstanding amounts under stock purchase agreement arose from purchase and sale of securities and were subject to subordination.
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Oakridge Consulting Inc. v. Mark A. Robicheaux Inc. (In re Consolidated FGH Liquidating Trust)

Chapter 11 debtor brought an adversary proceeding pursuant to 11 U.S.C. §§ 547(b) and 550(a) against defendant for the recovery of preferential transfers made by debtor to defendant.
Ruling: 
Defendant in preference proceeding was not entitled to credit for payments to third parties on debtor's behalf.
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