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In re McWhorter

(Bankr. E.D. Ky. Sept. 14, 2016)

USA, Kentucky, Insolvency & Restructuring, Litigation, White Collar Crime, Stoll Keenon Ogden PLLC
In re Romano

(N.D. Ind. Sept. 14, 2016)

USA, Indiana, Employment & Labor, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC
In re Bullitt Utilities, Inc.

(Bankr. W.D. Ky. Sep. 16, 2016)

USA, Kentucky, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC
Federal Insurance Company v. Woods (In re Woods)

(Bankr. W.D. Ky. Sep. 16, 2016)

USA, Kentucky, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC, Debtor, Fraud, Debt, Embezzlement, US Code, United States bankruptcy court
In re Webb

(Bankr. W.D. Ky. Sep. 12, 2016)

The bankruptcy court grants the motion to terminate the automatic stay. The creditor and the debtor entered into a sale contract prepetition for sale of the debtor’s real property. The debtor argued that the sale contract terminated prepetition, and the creditor argued that it should be permitted to pursue its claims on the contract in state court. The court finds that the debtor has no equity in the property and that it is not necessary to an effective reorganization. Thus, stay relief is appropriate. Opinion below.

Judge: Lloyd

USA, Kentucky, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC
In re Bullitt Utilities, Inc.

(Bankr. W.D. Ky. Sep. 1, 2016)

The bankruptcy court addresses the issue of whether the debtor’s prepetition claim for a surcharge before the Public Service Commission is property of the estate. The pre-petition receiver for the debtor argued that it was not, because the debtor abandoned its assets prepetition in the PSC action. The court disagrees, finding that legal title was not severed in the prepetition proceedings, and thus the bankruptcy trustee has control and authority over the surcharge claim. Opinion below.

Judge: Lloyd

USA, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC
Les délais dans un dossier de faillite : en conformité ou pas avec le droit civil?

Les délais sont d’une importance primordiale dans le cadre de procédures judiciaires. Le défaut de les respecter peut impliquer le rejet d’une action.

Dans l’affaire 9190-0753 Québec Inc. (Syndic de), 2016 QCCS 1983 (29-04-2016), le juge Stephen W. Hamilton a décidé de l’application de certains délais du Code de procédure civile (ou C.p.c.) en complément de la Loi sur la faillite et l’insolvabilité (ci-après « Loi ») et des Règles générales sur la faillite et l’insolvabilité (ci-après « Règles »).

Les faits

Canada, Quebec, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Quebec Superior Court
In re Ferguson

(7th Cir. Aug. 23, 2016)

USA, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC
Sunshine Heifers, LLC v. Purdy

(W.D. Ky. Aug. 15, 2016)

USA, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC, Bankruptcy, United States bankruptcy court, Sixth Circuit
BCL-Sheffield, LLC v. Gemini Int’l, Inc. (In re Tolomeo)

The Seventh Circuit dismisses the appeal, holding that the bankruptcy court’s final order implementing the district court’s order directing turnover of assets to the bankruptcy estate was valid, because it resolved a core proceeding. The appellants contended that it was a non-core proceeding and thus required a district court order to be final. Opinion below.

Judge: Posner

Attorney for Appellants: Jordan Law P.C., Terrence M Jordan

USA, Insolvency & Restructuring, Litigation, Stoll Keenon Ogden PLLC, Bankruptcy, Seventh Circuit