Fifth Circuit Reminds Creditors They Must Actively Protect Their Interests in Bankruptcy

In its recent opinion in Raymond James & Associates Inc. v. Jalbert (In re German Pellets Louisiana LLC), 23-30040, 2024 WL 339101 (5th Cir. Jan. 30, 2024), the Fifth Circuit held that a confirmed bankruptcy plan enjoined a party from asserting certain indemnification counterclaims against a plan trustee because the party did not file a proof of claim.

Background

Filed under:
USA, Insolvency & Restructuring, Litigation, Bradley Arant Boult Cummings LLP
Authors:
James Blake Bailey , Joshua A. Lesser
Location:
USA
Firm:
Bradley Arant Boult Cummings LLP