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eastern district of new york

Coast, LLC (Adventure Coast, LLC), Northwest Ga. Factoring Grp. v. Adventure

Ruling
Court barred debtor from removing state court case against debtor’s principal as debtor was not a named party. (Bankr. N.D. Ga.)
Issue(s)
Removal of Claims Related to Bankruptcy.

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Commercial opinion summary, case decided on May 12, 2025 , LexisNexis #0725-074

Golden, In re--Golden v. Nat'l Collegiate Student Loan Trust 2006-4

Ruling
Student and bar loans deemed potentially dischargeable as one exceeded cost of attendance and the other was not for qualified education expenses. (Bankr. E.D.N.Y.)
Issue(s)
Exceptions to Discharge; Types of Debt Excepted; Educational Loans.

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Consumer opinion summary, case decided on May 07, 2025 , LexisNexis #0725-039

Hyatt, In re

Ruling
Proposed settlement improperly sought to recover administrative expenses from the debtor's exempt homestead proceeds by effectively transferring the exempt funds to the IRS and having the trustee recover those funds from the IRS liens without reducing the IRS claim against the debtor. (Bankr. E.D.N.Y.)
Issue(s)
Determination of Secured Status; Trustee’s Costs and Expenses.

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Consumer opinion summary, case decided on March 26, 2025 , LexisNexis #0525-082

Campanella, In re

Ruling
Reconsideration of stay relief denied as debtors' failure to raise argument about additional collateral securing creditor's claim at the initial hearing was not due to mistake, inadvertence, surprise, or excusable neglect. (Bankr. S.D. Fla.)
Issue(s)
Automatic Stay; Relief from Stay.

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Consumer opinion summary, case decided on February 28, 2025 , LexisNexis #0525-006

Miranda, In re--Miranda v. TLB 2019 LLC

Ruling
Disparity between tax lien sale price and valuation at time of transfer demonstrated a lack of reasonably equivalent value for allegedly fraudulent transfer. (Bankr. E.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable Transfers; Transfers Presumed Fraudulent.

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Consumer opinion summary, case decided on January 17, 2025 , LexisNexis #0325-067

Home Bldg. Corp., In re

Ruling
Fee petition denied where the debtor's counsel did not provide services that were reasonably likely to benefit the estate and the case was filed solely to delay secured creditor. (Bankr. E.D.N.Y.)
Issue(s)
Compensation of Officers.

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Commercial opinion summary, case decided on January 17, 2025 , LexisNexis #0325-053

Richmond Hospitality LLC, In re--Richmond Hospitality LLC v. Shaughnessy

Ruling
Chapter 11 debtor in possession has the rights and powers of a trustee and had standing to assert equitable subordination claim, which was sufficiently alleged. (Bankr. E.D.N.Y.)
Issue(s)
Subordination; Equitable Subordination.

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Commercial opinion summary, case decided on January 14, 2025 , LexisNexis #0325-056

Daly, In re

Ruling
Further prosecution of prepetition action was barred by the discharge injunction but claims for declaratory relief unrelated to personal liability could proceed. (Bankr. S.D. Fla.)
Issue(s)
Effect of Discharge; Avoidance And Injunctive Relief.

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Consumer opinion summary, case decided on January 08, 2025 , LexisNexis #0325-041

Ribotsky, In re

Ruling
Debt was nondischargeable where debtor made material omissions and misrepresentations to investors regarding redemption requests, the reason for combining investment funds, and the valuation of portfolio companies. (Bankr. E.D.N.Y.)
Issue(s)
Exceptions to Discharge; Types of Debt Excepted; Debt Relating to Securities Violations; Federal or Common Law.

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Consumer opinion summary, case decided on January 06, 2025 , LexisNexis #0325-040

Ali, In re

Ruling
Conversion from Chapter 7 to Chapter 13 denied as debtor failed to establish proposed third party contributions were sufficiently stable and regular to enable her to fund the 100% repayment plan. (Bankr. E.D.N.Y.)
Issue(s)
Conversion.

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Consumer opinion summary, case decided on December 26, 2024 , LexisNexis #0325-010