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Circuit Court

First Southern Natl Bank v. Sunnyslope Hous. Ltd. Pship (In re Sunnyslope Hous. Ltd. Pship)

Ruling
Plan confirmation reversed due to improper treatment of secured claim.
Issue(s)
Whether the value of lienholder's secured interest in housing project should be reduced by the impact of affordable housing restrictions from the original government financing?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on April 08, 2016 , LexisNexis #0516-014

Deutsche Bank Trust Co. Ams. v. Large Private Beneficial Owners (In re Tribune Co. Fraudulent Conveyance Litig.)

Ruling
Transfers were made to financial intermediaries as settlement payments in a securities transaction or is a transfer in connection with a securities contract and were protected from avoidance.
Issue(s)
Whether unsecured creditors are barred by the Bankruptcy Code's automatic stay provision from bringing state law, constructive fraudulent conveyance claims while avoidance proceedings against the same transfers brought by a party exercising the powers of a bankruptcy trustee on an intentional fraud theory are ongoing and, if not, whether the creditors' state law, constructive fraudulent conveyance claims are preempted by section 546(e).

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 29, 2016 , LexisNexis #0416-086

Gil-De La Madrid v. Bowles Custom Pool & Spa (In re Gil-De La Madrid)

Ruling
Bankruptcy court properly extended time to file unsecured claims in reinstated case where deadline expired during period when case was dismissed.
Issue(s)
Whether the bankruptcy court erred in enlarging time for a creditor to file an unsecured claim?

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 25, 2016 , LexisNexis #0416-104

Ozenne v. Chase Manhattan Bank (In re Ozenne)

Ruling
Bankruptcy appellate panel's review of petition for writ of mandamus vacated as not in aid of its jurisdiction.
Issue(s)
Whether the bankruptcy appellate panel has jurisdiction to address a petition for a writ of mandamus?

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 25, 2016 , LexisNexis #0416-099

Jepson v. Bank of N.Y. Mellon

Ruling
Relief from stay properly granted where debtor was not a third-party beneficiary under a pooling and service agreement cited as basis for challenge.
Issue(s)
Did debtor's who was not a third-party beneficiary of a pooling and service agreement have standing to bring claims based on noncompliance the agreement?

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 22, 2016 , LexisNexis #0416-041

Estate of Cora v. Jahrling (In re Jahrling)

Ruling
Debt for legal malpractice was nondischargeable due to fiduciary defalcation.
Issue(s)
Was legal malpractice claim based on debtor attorneys' representation of client with whom there was a language barrier, resulting in the client's sale of home for a low price and eviction, properly held to be nondischargeable due to fiduciary defalcation?

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 18, 2016 , LexisNexis #0416-050

Official Comm. of Unsecured Creditors of Great Lakes Quick Lube LP v. T.D. Invs. I LLP (In re Great Lakes Quick Lube LP)

Ruling
Lease terminations erroneously held not to be transfers.
Issue(s)
Was termination a preferential or a fraudulent transfer of the leases so that the value of the leases was property of the estate that should be available to the bankrupt's creditors?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 11, 2016 , LexisNexis #0416-010

Providence Hall Assocs. L.P. v. Wells Fargo Bank N.A.

Ruling
Debtor could not challenge the validity of obligations to bank that were affirmed in trustees motions for sale.
Issue(s)
Did a district court erroneously gave res judicata effect to various sale orders issued during debtor's chapter 11 bankruptcy?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 11, 2016 , LexisNexis #0416-009

Kingdom Fresh Produce Inc. v. Stokes Law office L.L.P. (In re Delta Produce L.P.)

Ruling
District court order vacating final special counsel's fee award for litigating Perishable Agricultural Commodities Act claims affirmed.
Issue(s)
Can special counsel's fees and expenses be disbursed from the Perishable Agricultural Commodities Act fund?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 11, 2016 , LexisNexis #0416-003

Judgment Factors L.L.C. v. Packer (In re Packer)

Ruling
Denial of discharge properly denied absent evidence of concealment or transfer of assets.
Issue(s)
Did the bankruptcy and district courts err in finding that debtor did not act in any way that merited the denial of a discharge?

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 10, 2016 , LexisNexis #0416-026