- 11 U.S.C.
Silver Airways LLC, In re
May
19
2025
Ruling
Plan confirmed despite a projected $3 million shortfall as supported by key administrative creditors who otherwise faced the risk of total loss. (Bankr. S.D. Fla.)
Issue(s)
Confirmation of Plan; Requirements; Treatment of Priority Claims; Administrative Claims.
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Court
:
- 11 U.S.C.
No Rust Rebar, Inc., In re--Slott v. Smith
May
19
2025
Ruling
Court avoided post-petition transfer of stock sale proceeds to debtor’s principal made without court approval. (Bankr. S.D. Fla.)
Issue(s)
Post-petition Transactions.
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Court
:
- 11 U.S.C.
Williams Land Clearing, Grading, & Timber Logging, LLC, In re--Williams Land Clearing, Grading, & Timber Logging, LLC v. Apex Funding Source LLC
May
16
2025
Ruling
Payment directly to creditor of receivable owed to debtor was avoidable as it allowed creditor to receive more than it would have in a Chapter 7 case. (Bankr. E.D.N.C.)
Issue(s)
Preferences.
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Court
:
Seven Rivers Leasing Corp., In re
May
16
2025
Ruling
Two aircraft hangars were not property of the estate because debtor lacked interest in one and foreclosure had extinguished rights in the other before bankruptcy. (Bankr. W.D. Ark.)
Issue(s)
Automatic Stay; Relief from Stay.
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:
Celsius Network LLC, In re--Meghji v. Bailey
May
15
2025
Ruling
Counterclaims filed by “unknown” creditor discharged under the confirmed Chapter 11 plan as publication notice was sufficient and the creditor failed to file a timely proof of claim. (Bankr. S.D.N.Y.)
Issue(s)
Effect of Confirmation; Discharge.
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Nat'l Reality Inv. Advisors, LLC, In re
May
15
2025
Ruling
Creditors’ claims subordinated because they ignored signs of fraud, enabling Ponzi scheme and harming other creditors. (Bankr. D.N.J.)
Issue(s)
Subordination; Equitable Subordination.
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Jackson Hosp. & Clinic, In re
May
15
2025
Ruling
Court denied approval of professionals who had existing relationship with debtor to represent non-debtor medical board that leased equipment to debtor due to potential conflict of interest. (Bankr. M.D. Ala.)
Issue(s)
Employment of Professional Persons; Who May Be Employed.
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BMI Oldco Inc., In re
May
14
2025
Ruling
District court decision resolving whether debtor’s talc contained asbestos was an issue necessary for determining the feasibility of proposed § 524(g) trust. (Bankr. S.D. Tex.)
Issue(s)
Effect of Discharge; Supplemental Injunctions in Chapter 11 Proceedings.
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:
- 11 U.S.C.
BSA, In re
May
13
2025
Ruling
Confirmed Chapter 11 plan including nonconsensual third party releases could not be vacated due to effect on completed insurance buyback funding the plan. (3d Cir.)
Issue(s)
Confirmation of Plan; Requirements; Plan Proposed in Good Faith.
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Miracle Rest. Group, In re
May
13
2025
Ruling
Purdue Pharma did not prohibit temporary, non-consensual, non-debtor injunctions issued at confirmation to facilitate a successful reorganization. (Bankr. E.D. La.)
Issue(s)
Power of Court; Issuance of Necessary or Appropriate Order, Process, or Judgment.
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Court
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