AIG Fin. Prods. Corp., In re--AIG Fin. Prods. Corp. v. Arthurs
May
09
2024
Ruling
Claims of debtor’s former executives were subject to contractual subordination even if thedebtor and its parent company breached the executives’ compensation plan. (Bankr. D. Del.)
Issue(s)
Subordination; Equitable Subordination.
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Court
:
- 28 U.S.C.
Chisholm Oil & Gas Nominee, Inc., In re
May
08
2024
Ruling
Abstention was not warranted due to the predominance of core bankruptcy issues. (Bankr. D.Del.)
Issue(s)
Bankruptcy Cases and Proceedings.
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Court
:
Roberts, In re--Roberts v. Vara
May
08
2024
Ruling
Reopening the debtor's bankruptcy case was warranted to permit the Chapter 7 trustee toinvestigate and administer a cause of action that was not disclosed by the debtor during thependency of her case. (Bankr. W.D. Pa.)
Issue(s)
Closing and Reopening Cases; When to Reopen.
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Court
:
- 11 U.S.C.
Higgins, In re
May
03
2024
Ruling
Debtor's transfer of property to his wife without adherence to § 363's notice requirement didnot render the transfer void ab initio. (Bankr. E.D. Pa.)
Issue(s)
Postpetition Transactions.
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Court
:
Ashcraft, In re
Apr
30
2024
Ruling
Court denied the debtors' objection related to a post-petition mortgage payment as the debtors'pay history showed that a check for that payment bounced. (Bankr. D. Del.)
Issue(s)
Allowance of Claims or Interests; Objections.
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Court
:
- 11 U.S.C.
Sacks Weston LLC, In re
Apr
25
2024
Ruling
Bankruptcy case dismissed due to continuing losses, inability to reorganize timely, and lack ofviable business continuity plan after attorney's retirement. (Bankr. E.D. Pa.)
Issue(s)
Conversion or Dismissal.
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Court
:
- 11 U.S.C.
Uku, In re--Knoll v. Uku
Apr
24
2024
Ruling
Plaintiff was not entitled to summary judgment with respect to adversary proceeding as themere fact that a state court found a breach of fiduciary duty was insufficient to meet plaintiff'sthreshold burden. (Bankr. W.D. Pa.)
Issue(s)
Exceptions to Discharge; Types of Debt Excepted; Fiduciary Fraud, Embezzlement, or
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Court
:
- 11 U.S.C.
Goli Nutrition, Inc., In re
Apr
23
2024
Ruling
Bankruptcy court refused to approve a proposed stock sale transaction as the issuance of stockin a debtor company was not a sale transaction. (Bankr. D. Del.)
Issue(s)
Use, Sale, or Lease of Property.
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Court
:
- 11 U.S.C.
OPP Liquidating Co., In re--Buchwald Cap. Advisors LLC v. Schoen
Apr
09
2024
Ruling
Claims for breach of fiduciary duty that took place three years before the petition date weretime barred despite post-petition extension due to provisions of state fraudulent concealmentlaw. (Bankr. D. Del.)
Issue(s)
Extension of Time; Commencement of Action by Trustee; Post Relief Order.
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Court
:
NVN Liquidation, Inc.
Apr
08
2024
Ruling
Application for payment of certain fees and expenses as a substantial contribution in theNovan Inc. bankruptcy case was denied as the holding company did not meet the standard forapproval of a substantial contribution claim. (Bankr. D. Del.)
Issue(s)
Allowance of Administrative Expenses; Types of Expenses Allowed.
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Court
: