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2nd circuit

Broadway Realty I Co., LLC, In re

Ruling
Combination of equity cushions and purported benefits to creditor did not provide adequate protection to justify proposed use of cash collateral. (Bankr. S.D.N.Y.)
Issue(s)
Determination of Secured Status; Trustee’s Costs and Expenses.

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Commercial opinion summary, case decided on June 29, 2025 , LexisNexis #0825-084

C M Heavy Mach., LLC, In re

Ruling
Chapter 11 case converted to Chapter 7 due to a continuing diminution of the estate and absence of reasonable likelihood of rehabilitation. (Bankr. E.D. Okla.)
Issue(s)
Conversion or Dismissal; Involuntary Conversion or Dismissal.

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Commercial opinion summary, case decided on June 27, 2025 , LexisNexis #0825-094

SVB Fin. Grp., In re--First Citizen Bank & Trust Co. v. SVB Fin. Grp.

Ruling
Bankruptcy court exercised permissive abstention regarding post-confirmation intellectual property dispute between debtor’s parent and purchaser of debtor’s assets. (Bankr. S.D.N.Y.)
Issue(s)
Bankruptcy Cases and Proceedings.

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Commercial opinion summary, case decided on June 25, 2025 , LexisNexis #0825-097

Nestor, In re--Greenspan Co./Adjusters Int’l v. Nestor

Ruling
Arbitration award against debtor was voided because it was entered after bankruptcy filing in violation of the stay. (Bankr. S.D.N.Y.)
Issue(s)
Automatic Stay.

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Consumer opinion summary, case decided on June 24, 2025 , LexisNexis #0825-057

Brown, In re--Brown v. K & S Real Est., LLC

Ruling
Court granted stay relief to allow eviction to proceed as debtor failed to pay rent and conceded no defense. (Bankr. W.D. Pa.)
Issue(s)
Automatic Stay; Relief from Stay; For Cause.

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Consumer opinion summary, case decided on June 17, 2025 , LexisNexis #0825-060

Monplaisir, In re

Ruling
Court denied motion to sever and convert as debtor’s unsecured debts exceeded Chapter 13 eligibility limit. (Bankr. S.D.N.Y.)
Issue(s)
Who May Be a Debtor; Chapter 13.

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Consumer opinion summary, case decided on June 16, 2025 , LexisNexis #0825-052

Goldner Capital Mgmt. LLC, In re

Ruling
Debtors’ request to alter language regarding dismissal as consequence of failure to file plans by court-ordered deadline denied. (Bankr. E.D.N.Y.)
Issue(s)
New Trials; Amendment of Judgments.

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Commercial opinion summary, case decided on June 13, 2025 , LexisNexis #0825-075

Johnson, In re

Ruling
Court allowed late-filed rejection damages claim as debtor’s plan was filed after bar date, preventing earlier notice. (Bankr. E.D.N.Y.)
Issue(s)
Filing Proof of Claim or Interest; Time for Filing; Rejection of Executory Contract or Unexpired Lease Claims.

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Consumer opinion summary, case decided on June 13, 2025 , LexisNexis #0825-072

Shibley, In re--Shibley v. SouthState Bank

Ruling
Debtor could not establish justifiable reliance as he had an opportunity to review public records and discover any unpaid tax liens. (Bankr. N.D. Ga.)
Issue(s)
Relief From Judgment or Order.

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Consumer opinion summary, case decided on June 09, 2025 , LexisNexis #0825-100

Diocese of Buffalo, In re

Ruling
Court barred debtor from using restricted seminary sale proceeds for bankruptcy settlement as funds were donated for permanent seminary use. (Bankr. W.D.N.Y.)
Issue(s)
Property of the Estate; Restrictions Voided; Restrictions on Transfer of Interests in Trusts Unaffected.

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Commercial opinion summary, case decided on June 06, 2025 , LexisNexis #0825-066