Commercial

Twin Pines, LLC, In re

Ruling: 
Debtor who filed before effective date of Small Business Reorganization Act could amendpetition to elect subchapter V treatment. (Bankr. D.N.M.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on April 30,2020, LexisNexis #0620-098

Latex Foam Int'l, LLC, In re

Ruling: 
Debtors' motion for continued use of cash collateral was granted as the sum of the debtors'cash on hand, eligible inventory, and accounts receivable was adequate protection. (Bankr. D.Conn.)
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Commercial case opionion summary, case decided on May 04,2020, LexisNexis #0620-084

Donghia, Inc., In re

Ruling: 
Trustee's request that the date of the rejection be deemed retroactive was denied as there hadbeen no post-COVID-19 modification to the code as to a bankruptcy estate's obligations to payrent. (Bankr. D. Conn.)
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Commercial case opionion summary, case decided on May 12,2020, LexisNexis #0620-085

Pier 1 Imps., Inc., In re

Ruling: 
Lessors did not have a right to compel payment from debtor tenants as proper remedy was topursue an administrative expense claim. (Bankr. E.D. Va.)
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Commercial case opionion summary, case decided on May 10,2020, LexisNexis #0620-086

Penobscot Valley Hosp., In re--Penobscot Valley Hosp. v. Carranza

Ruling: 
Temporary restraining order granted given likelihood of success on claim that SBAdiscriminated against debtor by refusing to allow debtor to participate in the PayrollProtection Program. (Bankr. D. Me.)
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Commercial case opionion summary, case decided on May 01,2020, LexisNexis #0620-090

Santa Fe v. United States SBA

Ruling: 
SBA acted beyond its statutory authority in excluding bankruptcy debtors from the PaycheckProtection Program. (Bankr. D.N.M.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 01,2020, LexisNexis #0620-091

Abengoa Bioenergy Biomass of Kan., LLC, In re--Drivetrain, LLC v. Kozel

Ruling: 
District court appropriately found that the plan of liquidation implicated multipletransactions that could not be unwound without substantial cost and delay. (10th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 05,2020, LexisNexis #0620-095

First NBC Bank Holding Co., In re

Ruling: 
Plan was confirmed as it did not violate the absolute priority rule where Treasury retained allof its pre-petition rights and was not losing any right to payment under the plan. (Bankr. E.D.La.)
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Commercial case opionion summary, case decided on May 01,2020, LexisNexis #0620-096

Peabody Energy Corp., In re--County of San Mateo v. Peabody Energy Corp.

Ruling: 
Municipalities' common-law claims were properly dismissed as municipalities had notdemonstrated that these claims were equivalent to the listed federal statutes included in theconfirmed plan's exemptions. (8th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 06,2020, LexisNexis #0620-097

GYPC, Inc., In re--GYPC, Inc. v. Cummings

Ruling: 
Court found no need for the attorney to testify about the authority issue as he could not beboth a witness and an advocate. (Bankr. S.D. Ohio)
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Commercial case opionion summary, case decided on April 23,2020, LexisNexis #0620-077

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