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Can Contempt For Violating Discharge Injunctions Be Pursed In A Class Action? (Bruce v. Citigroup)

Can the contempt remedy for a creditor’s violations of the discharge injunction in multiple bankruptcy cases throughout the land be imposed in a class action lawsuit?

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Class action, Supreme Court of the United States
Is It OK to Mediate A Mass Tort Bankruptcy Plan Without Including Insurers Who Must Provide Plan Payments? (In re Imerys & Cyprus)

Here’s a due process question that’s percolating before the U.S. Supreme Court and a related mediation issue:

USA, Nebraska, Arbitration & ADR, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Mediation, Supreme Court of the United States
Invalidation of agreements entered into by a bankruptcy trustee with the approval of the supervisory judge under Article 69 of the Bankruptcy Act?

The Dutch Supreme Court handed down a judgment (ECLI:NL:HR:2023:1751) on 15 December 2023 clarifying whether agreements entered into by a bankruptcy trustee with the approval of the supervisory judge can be affected by an application under Article 69 of the Dutch Bankruptcy Act (DBA).

Netherlands, Insolvency & Restructuring, Litigation, Stibbe
Inwerkingtreding Tijdelijke wet transparantie turboliquidatie per 15 november 2023

De Tijdelijke wet transparantie turboliquidatie (“TWTT”) omvat de tijdelijke aanpassing van de wettelijke regeling omtrent turboliquidatie in Boek 2 BW en is gefaseerd in werking getreden op 15 november 2023. De maatregelen die zijn opgenomen in de TWTT zijn van tijdelijke aard en gelden in beginsel voor een periode van twee jaar na de inwerkingtreding, te weten tot 15 november 2025.

Netherlands, Insolvency & Restructuring, Stibbe, Dutch Civil Code (Book 6)
A Tenth Circuit Primer On Statutes of Limitations for Fraudulent Transfer Claims Under § 544(a)&(b) (In re Stone Pine)

A helpful analysis of statute of limitations issues for fraudulent transfer claims brought by a bankruptcy trustee under § 544(a)&(b) is provided in a recent Circuit opinion.

Overview

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Tenth Circuit
A Scam & Avoidance Claims In Bankruptcy—You Can’t Make This Stuff Up (Mann v. LSQ Funding)

You can’t make this stuff up. The legal issues are pedestrian. But the facts behind those issues are incredible!

Litigation History

Here’s the boring stuff first.

On January 8, 2024, the U.S. Supreme Court denies certiorari in Mann v. LSQ Funding Group, L.C. (Case No. 23-425). Here’s the procedural background:

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Internal Revenue Service (USA), Supreme Court of the United States
Surprise At Oral Arguments In U.S. Trustee v. Hammons: Viability of Prospective-Relief-Only

Oral arguments happened on January 9, 2024, at the U.S. Supreme Court in U.S.Trustee v. Hammons.Here is a link to the transcript of those arguments.

The Hammons question is this:

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Supreme Court of the United States
2023 Bankruptcy Alternative: Uniform Law On Assignments For Benefit Of Creditors?

2023 is the year that the need for a uniform state law on assignments for benefit of creditors became obvious.

And a Drafting Committee at the Uniform Law Commission began working in 2023 to create such a law.

Here are some of the reasons why the need became obvious.

Background and Purpose

USA, Nebraska, Insolvency & Restructuring, Koley Jessen PC, Bankruptcy
2023 Bankruptcy Progress: Developing Subchapter V Law Through Court Opinions

2023 has been a good year for developing the law of Subchapter V through court rulings and opinions. Here are some of the highs and lows of that development.

Working as Intended

If 2023 shows us anything, it’s this: Subchapter V is working as intended.

Subchapter V has developed into the efficient and effective tool for business reorganization it was intended to be. That’s true, whether the reorganization is in the form of continued operations or liquidation. Such a tool did not exist before Subchapter V.

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC
2023 Bankruptcy Boondoggle: Fallout From Footnote 2 in U.S. Supreme Court’s Siegel v. Fitzgerald Opinion

In 2022, the U.S. Supreme Court issues its unanimous Siegel v. Fitzgerald opinion. The question in that opinion is:

USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Supreme Court of the United States