Commercial

Islamic Bank

Ruling: 
Official committee of unsecured creditors was entitled to turnover of funds that debtorinvested with foreign banks that were not entitled to setoff of those funds against debts owedto them by debtor. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 23,2021, LexisNexis #0621-014

Axel Fire, LLC, In re--Gonzales v. Cmty. 1st Bank Las Vegas

Ruling: 
Trustee was entitled to avoid an attorney's charging lien with respect to surplus funds fromthe sale of mortgaged property as the charging lien was not perfected under state law. (Bankr.D.N.M.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on April 22,2021, LexisNexis #0621-015

Palsata Trust, In re

Ruling: 
Dismissal of bankruptcy case was warranted as the debtor was not a business trust andineligible to be a debtor. (Bankr. E.D. Va.)
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Commercial case opionion summary, case decided on April 23,2021, LexisNexis #0621-017

ENKOGS1, LLC, In re

Ruling: 
Debtor hotel owner that operated other related businesses was not a single asset real estatedebtor and was eligible to file a Subchapter V Chapter 11 case. (Bankr. M.D. Fla.)
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Commercial case opionion summary, case decided on April 20,2021, LexisNexis #0621-018

Offer Space, LLC, In re

Ruling: 
Debtor whose business was no longer active met Subchapter V eligibility requirements as itwas engaged in commercial or business activities on the petition date. (Bankr. D. Utah)
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Commercial case opionion summary, case decided on April 22,2021, LexisNexis #0621-020

PT Bakrie Telecom Tbk, In re

Ruling: 
Indonesian insolvency proceeding was recognized as foreign main proceeding. (Bankr.S.D.N.Y.)
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Commercial case opionion summary, case decided on April 15,2021, LexisNexis #0621-022

Nilhan Developers, LLC, In re

Ruling: 
Accountants removed from serving as professional persons because they held interestsadverse to the debtors that were not adequately disclosed. (Bankr. N.D. Ga.)
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Commercial case opionion summary, case decided on April 19,2021, LexisNexis #0621-001

NRCT, LLC, In re

Ruling: 
Application for debtor’s attorneys’ fees granted as reasonable. (Bankr. N.D. Ga.)
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Commercial case opionion summary, case decided on April 15,2021, LexisNexis #0621-002

Fundamental Long Term Care, Inc., In re

Ruling: 
Law firm's application for hourly fees granted pursuant to settlement order. (Bankr. M.D. Fla.)
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Commercial case opionion summary, case decided on April 22,2021, LexisNexis #0621-004

929485 Fla., Inc., In re

Ruling: 
Creditor's claim for monetary damages arising from debtor's rejection of executory contractwas disallowed as creditor did not establish its right to specific performance. (Bankr. M.D. Fla.)
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Commercial case opionion summary, case decided on April 20,2021, LexisNexis #0621-008

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