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Commercial

Cashion Fam. Trust, In re

Ruling
Sanctions were warranted for repeat debtor’s meritless, bad faith filings given his repeated contempt of court orders and prior vexatious litigant designations. (Bankr. D. Nev.)
Issue(s)
Signing of Papers; Representations to the Court; Sanctions; Verification and Copies of Papers.

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Commercial opinion summary, case decided on March 28, 2025 , LexisNexis #0525-100

Prime Capital Ventures, LLC, In re

Ruling
Chapter 11 plan could not be confirmed where it removed the court's ability to review and approve expenses incurred by members of the oversight committee and professionals of the plan administrator. (Bankr. N.D.N.Y.)
Issue(s)
Confirmation of Plan; Requirements.

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Commercial opinion summary, case decided on March 28, 2025 , LexisNexis #0525-095

Augustus Intelligence Inc., In re--Ryniker v. Washington

Ruling
Court found that retention of jurisdiction provisions in a plan alone are insufficient to grant subject matter jurisdiction. (Bankr. D. Del.)
Issue(s)
Procedures.

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Commercial opinion summary, case decided on March 26, 2025 , LexisNexis #0525-097

Addington, In re--Business Aircraft Leasing, Inc. v. Ultra Energy Res.

Ruling
Trustee could not transfer governance rights without manager approval, which was not obtained. (Bankr. E.D. Ky.)
Issue(s)
Use, Sale, or Lease of Property; Notice and Hearing; Not in the Ordinary Course of Business.

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Commercial opinion summary, case decided on March 26, 2025 , LexisNexis #0525-081

Roman Catholic Archbishop of San Francisco, In re

Ruling
Debtor failed to articulate any particularized harm that would result from disclosure of the IRB minutes so the presumption of public access to discovery materials under Rule 26(c) applies. (Bankr. N.D. Cal.)
Issue(s)
Public Access to Papers.

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Commercial opinion summary, case decided on March 26, 2025 , LexisNexis #0525-076

Silver Star of Nev., Inc., In re--Payne v. Sparkman

Ruling
Complaint failed to adequately identify the property assets trustee seeks to be declared property of the bankruptcy estate. (Bankr. W.D. Okla.)
Issue(s)
Property of the Estate.

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Commercial opinion summary, case decided on March 24, 2025 , LexisNexis #0525-090

RWDY, Inc., In re

Ruling
Interim compensation allowed where evidence did not establish that accountant knowingly acted in concert with the debtor's former president or had actual knowledge of embezzlement scheme. (Bankr. W.D. La.)
Issue(s)
Limitation on Compensation of Professional Persons; Grounds for Denial of Compensation.

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Commercial opinion summary, case decided on March 24, 2025 , LexisNexis #0525-077

RLSV, Inc., In re

Ruling
Creditor’s claim was discharged and bound by the plan provisions where the creditor filed a timely proof of claim rather than exempting herself due to lack of proper notice. (Bankr. M.D. Fla.)
Issue(s)
Effect of Discharge.

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Commercial opinion summary, case decided on March 19, 2025 , LexisNexis #0525-087

B.C.I. Fins. Pty, In re

Ruling
Liquidator of estates of foreign debtors was entitled to discovery rights to investigate potential claims against debtors’ founders and third parties that aided and abetted breaches of fiduciary duty. (Bankr. S.D.N.Y.)
Issue(s)
Relief That May Be Granted Upon Recognition; Types of Appropriate Relief; Discovery.

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Commercial opinion summary, case decided on March 10, 2025 , LexisNexis #0525-047

Spirit Airlines, Inc., In re

Ruling
Airline’s Chapter 11 plan confirmed with third-party releases due to clear notice and substantial creditor recoveries. (Bankr. S.D.N.Y.)
Issue(s)
Contents of Plan.

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Commercial opinion summary, case decided on March 07, 2025 , LexisNexis #0525-041