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In re Eneco Inc.

In a chapter 11 debtor's bankruptcy case, movant requested that the court abstain under 11 U.S.C.S. § 305, convert or dismiss the case under 11 U.S.C.S. § 1112, appoint a trustee under 11 U.S.C.S. § 1104, or grant relief from the automatic stay under 11 U.S.C.S. § 362(d).
Ruling: 
Chapter 11 trustee appointed due to debtor's failure to respond to request for production and due to alleged preference transaction.
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Commercial case opionion summary, case decided on March 21,2008, LexisNexis #0508-049

In re Ernst & Young Inc.

A receiver filed a petition seeking recognition of an action that was filed against a Canadian corporation and a Colorado limited liability company (LLC) in the Court of Queen's Bench of Alberta, District of Calgary, Canada, pursuant to 11 U.S.C.S. §§ 1515 and 1517. The Securities Commissioner for the State of Colorado and parties who had sued the Canadian corporation and the Colorado LLC in federal district court opposed recognition.
Ruling: 
Canadian action against Canadian corporation and Colorado LLC recognized as foreign main proceeding.
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Commercial case opionion summary, case decided on February 08,2008, LexisNexis #0508-023

In re JTSSimms LLC

The court entered an order denying the motion of creditor hedge fund for relief from the automatic stay on the ground that the collateral, a building on which the hedge fund made a bridge loan, had sufficient value (over $8.5 million) to provide equity for the creditor's interest in the property to justify not modifying the stay. The court issued additional findings of fact and conclusions of law as to the interest charged and loan fee.
Ruling: 
Contract default rate of interest awarded to oversecured creditor.
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Commercial case opionion summary, case decided on January 04,2008, LexisNexis #0208-078

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