A recent opinion by the Bankruptcy Court for the District of Delaware underscores how important it is for creditors to file complete and well-reasoned proofs of claim. The opinion also highlights the problems creditors may encounter if they have to amend their claims.
USA, Insolvency & Restructuring, Litigation, Squire Patton Boggs, United States bankruptcy court, US District Court for District of Delaware
In an opinion by Judge Roth issued on March 30, 2017, the Court of Appeals for the Third Circuit held that two suppliers who had sold electrical materials to a bankrupt contractor had violated the automatic stay by asserting a construction lien against the owner of the development where the contractor had installed the materials supplied.
USA, Construction, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Bankruptcy, Supply chain, United States bankruptcy court, Third Circuit