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5th circuit

Cole, In re

Ruling
State wage garnishment cap statute was not a true exemption shielding property from creditors. (Bankr. N.D. Miss.)
Issue(s)
Confirmation of Plan; Objections.

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Consumer opinion summary, case decided on January 23, 2025 , LexisNexis #0325-098

With Purpose, Inc., In re

Ruling
Court found cause to reconvert case from Chapter 11 back to Chapter 7 due to debtor's lack of funding, administrative insolvency, conflicts of interest, and inability to effectuate a plan. (Bankr. N.D. Tex.)
Issue(s)
Conversion or Dismissal; Involuntary Conversion or Dismissal.

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Commercial opinion summary, case decided on January 22, 2025 , LexisNexis #0325-070

Seawalk Invs., LLC, In re

Ruling
Debtor’s attorney’s fees disallowed to the extent not reasonably necessary to enforce debtor’s obligations under loan. (Bankr. M.D. Fla.)
Issue(s)
Determination of Secured Status; Allowance of Interest, Fees, Costs and Charges.

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Commercial opinion summary, case decided on January 16, 2025 , LexisNexis #0325-055

Highland Capital Mgmt. L.P., In re--Highland Capital Mgmt. L.P. v. Alvarez & Marsal CRF Mgmt., LLC

Ruling
Court found post-confirmation "related to" jurisdiction as the claims principally deal with pre-confirmation relations between the parties regarding a settlement that was incorporated into Highland's confirmed plan. (Bankr. N.D. Tex.)
Issue(s)
Bankruptcy Cases and Proceedings.

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Commercial opinion summary, case decided on January 13, 2025 , LexisNexis #0325-074

Rashidi, In re

Ruling
Relief from stay granted to secured creditor in Chapter 13 case where debtor failed to timely affirm or redeem automobile in prior Chapter 7 case. (Bankr. N.D. Tex.)
Issue(s)
Automatic Stay; Relief from Stay; For Cause.

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Consumer opinion summary, case decided on January 10, 2025 , LexisNexis #0325-031

Goodman Networks, Inc., In re--Seidel v. MSouth Equity Partners III, L.P.

Ruling
Complaint did not establish the good faith subsequent transferee defense as it suggested the defendants had knowledge of the transfer's voidability. (Bankr. N.D. Tex.)
Issue(s)
Fraudulent Transfers and Obligations.

ABI Membership is required to access the full summary of Goodman Networks, Inc., In re--Seidel v. MSouth Equity Partners III, L.P. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Commercial opinion summary, case decided on January 08, 2025 , LexisNexis #0325-092

FCA Constr. LLC, In re--FCA Constr. LLC v. Southstar Fin., LLC

Ruling
Genuine issues of material fact prevented judgment relating to reserve escrow account under the Factoring Agreement and avoidability of alleged transfers from the escrow account. (Bankr. E.D. La.)
Issue(s)
Fraudulent Transfers and Obligations.

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Commercial opinion summary, case decided on January 06, 2025 , LexisNexis #0325-091

Hilltop SPV, LLC, In re

Ruling
Gas gathering agreement was an executory contract that could be rejected although any covenants running with the land would remain enforceable. (Bankr. W.D. Tex.)
Issue(s)
Executory Contracts and Unexpired Leases.

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Commercial opinion summary, case decided on January 06, 2025 , LexisNexis #0325-034

Serta Simmons Bedding, L.L.C., In re--Excluded Lenders v. Serta Simmons Bedding, L.L.C.

Ruling
Court rejected plan due to indemnity offered to “superpriority” holders, whose claims had been individually negotiated, resulting in unequal treatment of claims within the class. (5th Cir.)
Issue(s)
Contents of Plan; Discretionary Provisions; Claims of Debtor; Settlement or Adjustment.

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Commercial opinion summary, case decided on December 31, 2024 , LexisNexis #0325-013

Clem, In re-- Clem v. Tomlinson

Ruling
Bankruptcy court erred in failing to apply collateral estoppel to arbitrator’s findings that debtor’s alleged fraud and misrepresentation were not established. (5th Cir.)
Issue(s)
Exceptions to Discharge; Types of Debt Excepted; Fraud; False Pretenses, False Representations or Actual Fraud.

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Consumer opinion summary, case decided on December 23, 2024 , LexisNexis #0325-005