(Bankr. W.D. Ky. Oct. 3, 2016)
(6th Cir. B.A.P. Sep. 30, 2016)
(7th Cir. Sept. 14, 2016)
(Bankr. E.D. Ky. September 14, 2016)
(Bankr. E.D. Ky. Sept. 14, 2016)
(N.D. Ind. Sept. 14, 2016)
(Bankr. W.D. Ky. Sep. 16, 2016)
(Bankr. W.D. Ky. Sep. 16, 2016)
The UK’s Prudential Regulation Authority (PRA) has published a Consultation Paper (CP) “CP32/16 Dealing with a market turning event in the general insurance sector“. The CP attaches a draft Supervisory Statement (SS), which sets out the PRA’s expectations “in relation to significant general insurance loss events which might affect firms’ solvency and future business plans“.
(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