Commercial

Aspen Village at Lost Mt. Assisted Living, LLC, In re

Ruling: 
Confirmation was denied as debtors' plan did not provide a secured creditor with the presentvalue of its claim. (Bankr. N.D. Ga.)
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Commercial case opionion summary, case decided on November 26,2019, LexisNexis #0120-021

Pick-Your-Own, Inc., In re

Ruling: 
Injunctive relief preventing creditor from pursuing counterclaim denied as debtor failed toshow or allege danger of imminent, irreparable harm. (Bankr. W.D.N.Y.)
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Commercial case opionion summary, case decided on November 21,2019, LexisNexis #0120-002

State Dep't of Revenue v. Blixseth

Ruling: 
Montana Department of Revenue lacked standing to file an involuntary Chapter 7 bankruptcypetition as the vast majority of the claim was subject to a bona fide dispute. (9th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on November 26,2019, LexisNexis #0120-003

Raymond & Assocs., In re

Ruling: 
Divorce decree did not entitle the former spouse of a member of a limited liability company toa priority claim in the corporate debtor's bankruptcy. (Bankr. S.D. Ala.)
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Commercial case opionion summary, case decided on November 20,2019, LexisNexis #0120-008

Solidarity Contr., In re

Ruling: 
Creditor was not entitled to a claim as there was no payment to recover after the return offraudulently transferred properties. (Bankr. S.D. Tex.)
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Commercial case opionion summary, case decided on November 19,2019, LexisNexis #0120-009

Hawaii Island Air, In re--Kane v. Island Leasing, LLC

Ruling: 
Debtor's transfer of $400,000 to defendant was avoidable as a preferential transfer of aninterest in property of the debtor. (Bankr. D. Haw.)
Court: Judge or Jurisdiction information not available
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Commercial case opionion summary, case decided on November 25,2019, LexisNexis #0120-016

Sec. Inv’r Prot. Corp. v. Bernard L. Madoff Inv. Sec., LLC

Ruling: 
Trustee was entitled to avoid more than $3 million in fraudulent transfers that were made withactual intent to defraud. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on November 21,2019, LexisNexis #0120-017

Ultra Petroleum Corp., In re--Keystone Gas Gathering, L.L.C. v. Ad Hoc Comm.

Ruling: 
Court erred in ruling that creditors were impaired by the plan that paid them everythingallowed by the bankruptcy code as the plan itself did not alter the creditor's legal, equitable,or contractual rights. (5th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on November 26,2019, LexisNexis #0120-020

Quadrant 4 Sys. Corp., In re--Amherst Partners LLC v. Red Mesa LLC

Ruling: 
Trustee's motion for turnover granted in part based on the allocation of the tax refundsbetween the debtor and his non-filing spouse according to the "Withholding Rule." (Bankr.N.D. Ill.)
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Commercial case opionion summary, case decided on November 14,2019, LexisNexis #1219-087

Quadrant 4 Sys. Corp., In re

Ruling: 
Liquidating trustee could avoid preferential transfers made to or for the benefit of defendant.(Bankr. N.D. Ill.)
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Commercial case opionion summary, case decided on November 14,2019, LexisNexis #1219-088

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