Feb
22
2024
Diamond Fin. Co., In re--Pergament v. Torac Realty, LLC
Ruling:
Transfers could be avoided where the debtor and its entities paid back defendant transfereealmost double the amount that it loaned. (Bankr. E.D.N.Y.)
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Commercial case opionion summary, case decided on February 22,2024, LexisNexis #0424-044
Feb
16
2024
Diocese of Rochester, In re
Ruling:
Competing disclosure statements from debtor diocese, creditors' committee, and insurer werenot approved as they did not sufficiently detail abuse claim settlements under the bankruptcyplan. (Bankr. W.D.N.Y.)
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Commercial case opionion summary, case decided on February 16,2024, LexisNexis #0424-046
Feb
07
2024
Genesis Global Holdco, LLC v. Genesis Global Capital, LLC
Ruling:
Creditor did not have a security interest in bitcoin trust shares held by debtor that wereproperty of the estate and never transferred or pledged to creditor. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 07,2024, LexisNexis #0324-087
Feb
05
2024
WB Bridge Hotel LLC, In re--Wasserstein v. 11 Apple LLC
Ruling:
Debtors' counsel was granted withdrawal and disqualification as a result of being sued by theliquidating trustee who was the former client of debtor's law firm. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 05,2024, LexisNexis #0324-078
Jan
30
2024
Sunac China Holdings Ltd., In re
Ruling:
Debtor's motion for recognition of Hong Kong proceeding as a foreign main proceeding wasgranted as Hong Kong was and had always been the primary locus of debtor's businessactivities and decision-making. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on January 30,2024, LexisNexis #0324-071
Jan
26
2024
NRAD Med. Assocs., P.C., In re--Kim v. NRAD Med. Assocs., P.C.
Ruling:
Court found that proceeds of insurance policies in which debtor had a prepetition interestwere property of the estate. (Bankr. E.D.N.Y.)
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Commercial case opionion summary, case decided on January 26,2024, LexisNexis #0324-045
Jan
22
2024
Cambridge Marine Constr., In re--Mangan v. Patel
Ruling:
Defendants in preference proceeding did not clearly establish the absence of a genuine issueof material fact regarding an actual intent to defraud the bank. (Bankr. D. Conn.)
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Commercial case opionion summary, case decided on January 22,2024, LexisNexis #0324-088
Jan
19
2024
Estate of Baer, In re
Ruling:
Bankruptcy case was dismissed as the debtor was a probate estate and a probate estate wasineligible to be a Chapter 7 debtor. (Bankr. E.D.N.Y.)
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Commercial case opionion summary, case decided on January 19,2024, LexisNexis #0324-028
Jan
18
2024
Pac. Tea Co. v. McKesson Corp.
Ruling:
Defendant in preference proceeding would hold an allowed unsecured claim in the amount ofany preference judgment rendered against it and paid, not an administrative expense claim.(Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on January 18,2024, LexisNexis #0324-060
Jan
09
2024
Diocese of Buffalo, In re
Ruling:
Court concluded that there was no substantial change in circumstances, and no extraordinarycircumstances that would justify reimposition of the automatic stay. (Bankr. W.D.N.Y.)
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Commercial case opionion summary, case decided on January 09,2024, LexisNexis #0324-029