Commercial

Go Workout Grand Ledge LLC, In re

Ruling: 
Case converted as independent review of the supposed consumption "in operations" of nearly one hundred thousand dollars in customer deposits during the debtor's short time in business amply justified any inconvenience that the debtor and creditor predicted a chapter 7 trustee may suffer if the court converted the case. (Bankr. W.D. Mich.)
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Commercial case opionion summary, case decided on October 11,2018, LexisNexis #1118-082

Pioneer Health Servs., In re

Ruling: 
Objection to confirmation overruled as the objector failed to adequately show that the plan failed to satisfy any part of 11 U.S.C. § 1129(a). (Bankr. S.D. Miss.)
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Commercial case opionion summary, case decided on October 02,2018, LexisNexis #1118-083

Diversified Power Sys., Inc., In re

Ruling: 
Reorganization plan confirmed as it complied with all of the requirements for confirmation specified by the bankruptcy code. (Bankr. N.D. Tex.)
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Commercial case opionion summary, case decided on October 15,2018, LexisNexis #1118-084

Kimball Hill, Inc., In re

Ruling: 
Court ordered creditor to dismiss its claims against debtors in third-party complaint as it violated the terms of the release and the plan injunction. (Bankr. N.D. Ill.)
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Commercial case opionion summary, case decided on October 02,2018, LexisNexis #1118-085

Lehman Bros. Holdings, Inc., In re

Ruling: 
Motion to issue substituted preferred stock under a pre-effective date charter was denied as the plan administrator did not have the power to do so. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on October 11,2018, LexisNexis #1118-086

Jackson Masonry, LLC, In re--Ritzen Grp., Inc. v. Jackson Masonry, LLC

Ruling: 
Court noted that stay-relief denial qualified as a final order as it ends a proceeding, fixes the rights of the parties, and has significant consequences for them. (6th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on October 16,2018, LexisNexis #1118-087

Insite Corp., In re--Insite Corp. v. Walsh Constr. Co. P.R.

Ruling: 
Judgment vacated as subcontractor might be entitled to an equitable recovery if the general contractor has benefited at the subcontractor's expense and obtained value from the subcontractor's post-default performance. (1st Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on October 05,2018, LexisNexis #1118-065

Neri Bros. Constr. Corp., In re--O'Neil v. New England Road, Inc.

Ruling: 
Defendants were liable for damages resulting from constructive and intentional fraudulent transfers as leases of equipment were transfers of debtor's rights in personal property without receipt of reasonably equivalent value and transfers were made while debtor was insolvent. (Bankr. D. Conn.)
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Commercial case opionion summary, case decided on September 27,2018, LexisNexis #1118-049

N.Y. Light Energy, In re--Dribusch v. Gross Elec.

Ruling: 
Trustee may avoid two transfers as they were made for an antecedent debt, made within 90 days of the filing of the petition, and debtor was insolvent at the time of the transfer. (Bankr. N.D.N.Y.)
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Commercial case opionion summary, case decided on September 28,2017, LexisNexis #1118-050

Copsync, Inc., In re

Ruling: 
Amended plan of liquidation was confirmable as it satisfied the applicable provisions of the bankruptcy code. (Bankr. E.D. La.)
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Commercial case opionion summary, case decided on September 21,2018, LexisNexis #1118-055

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