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2nd circuit

Edgewood Food Mart, In re--Lester v. Edgewood Food Mart, Inc.

Ruling
Creditor sanctioned for filing a frivolous complaint against debtor as it knew or should have known that it lacked standing to bring the proceeding. (Bankr. N.D. Ga.)
Issue(s)
Preferences.

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Consumer opinion summary, case decided on September 25, 2024 , LexisNexis #1224-010

Celsius Network LLC, In re--Barber Lake Dev. LLC v. Priority Power Mgmt., LLC

Ruling
Proceeding seeking turnover of equitable interest in facility and proceeds denied where the action was dependent on an unjust enrichment claim that was not viable under state law. (Bankr. S.D.N.Y.)
Issue(s)
Turnover of Property to the Estate; Delivery of Property to Trustee.

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Commercial opinion summary, case decided on September 25, 2024 , LexisNexis #1224-008

Shibley, In re--SouthState Bank v. Shibley

Ruling
Bank was granted sanctions as the debtor knew the sanctions motion he filed had no legal basis and was filed in bad faith to harass the bank and increase its costs. (Bankr. N.D. Ga.)
Issue(s)
Signing of Papers; Representations to the Court; Sanctions; Verification and Copies of Papers.

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Consumer opinion summary, case decided on September 24, 2024 , LexisNexis #1224-025

Weiss Multi-Strategy Advisers LLC, In re--GWA, LLC v. Jefferies Strategic Invs., LLC

Ruling
Court denied avoidance of forbearance agreement in its entirety where debtors agreed the transactions provided reasonably equivalent value. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable Transfers; Transfers Presumed Fraudulent.

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Commercial opinion summary, case decided on September 24, 2024 , LexisNexis #1224-011

Liberty Bridge Cap. Mgmt. GP, LLC, In re

Ruling
Transferee was protected from avoidance even if it failed to conduct a preliminary, diligent inquiry as there were no suspicious facts surrounding the transfer that would reflect the debtor's fraudulent intent or imminent insolvency. (Bankr. S.D.N.Y.)
Issue(s)
Limitations on Avoiding Powers; Seller's Right of Reclamation.

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Commercial opinion summary, case decided on September 24, 2024 , LexisNexis #1224-009

Belcher, In re--GMT Mgmt. Grp., LLC v. Belcher

Ruling
Summary judgment as to nondischargeability denied due to insufficient factual support. (Bankr. N.D. Ga.)
Issue(s)
Exceptions to Discharge; Types of Debt Excepted.

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Commercial opinion summary, case decided on September 24, 2024 , LexisNexis #1224-006

Benton, In re

Ruling
Automatic stay was not in effect where debtor had two cases dismissed within the past year and had not filed an appropriate motion. (Bankr. S.D.N.Y.)
Issue(s)
Automatic Stay.

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Consumer opinion summary, case decided on September 24, 2024 , LexisNexis #1224-002

RML, LLC, In re

Ruling
Certification of a direct appeal to the circuit court was granted as the court's prior judgment enforcing the reorganized debtor's plan injunction against the claimants involved an unsettled question of law regarding the bankruptcy system. (Bankr. S.D.N.Y.)
Issue(s)
Appeals; Jurisdiction of Courts of Appeals; Certification.

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Commercial opinion summary, case decided on September 23, 2024 , LexisNexis #1224-020

Ho Wan Kwok, In re--Despins v. Defeng Cao

Ruling
Debtor was the beneficial owner of motorcycles, which were therefore property of the estate post-petition transfer of title. (Bankr. D. Conn.)
Issue(s)
Liability of Transferee of Avoided Transfer.

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Consumer opinion summary, case decided on September 09, 2024 , LexisNexis #1124-037

Koger, In re--Usoroh v. Koger

Ruling
Buyer was entitled to relief from the bankruptcy stay to gain possession of Chapter 7 debtor's home purchased in a sheriff's sale as debtor lacked any legal or equitable interest in property. (Bankr. W.D. Pa.)
Issue(s)
Automatic Stay; Relief from Stay.

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Consumer opinion summary, case decided on September 09, 2024 , LexisNexis #1124-026