Chief Judge Cecelia G. Morris of the Bankruptcy Court for the Southern District of New York decided that banks may not place an administrative freeze, even a temporary one, on the bank account of an individual who files for bankruptcy.
USA, New York, Banking, Insolvency & Restructuring, Litigation, ArentFox Schiff, United States bankruptcy court, US District Court for the Southern District of New York
Almost every significant bankruptcy case eventually involves preference demands and litigation. Around this abundance of litigation developed a significant body of jurisprudence, to which Judge Sean Lane of the Southern District of New York Bankruptcy Court recently added in clarifying the ordinary course of business preference defense.
USA, New York, Insolvency & Restructuring, Litigation, ArentFox Schiff, United States bankruptcy court, US District Court for the Southern District of New York