In re Heritage Highgate, 679 F.3d 132 (3d Cir. 2012)
CASE SNAPSHOT
In re 400 Walnut Associates, L.P., 2012 BL 140988 (E.D. Pa. June 7, 2012)
CASE SNAPSHOT
The creditor appealed the denial of its claim for pre-petition interest at the contractual default rate. The district court reversed and remanded the case, holding that the bankruptcy court had incorrectly applied an "equitable analysis" in making its decision.
FACTUAL BACKGROUND
In re KB Toys, Inc., 470 B.R. 331 (Bankr. D. Del. 2012)
CASE SNAPSHOT
In re Qimonda Richmond, LLC, 467 B.R. 318 (Bankr. D. Del. 2012)
CASE SNAPSHOT
In re Shubh Hotels Pittsburgh, Inc., Bankr. No. 10-26337JAD (Bankr. W.D. Pa. July 24, 2012)
CASE SNAPSHOT
The U.S. Bankruptcy Court for the Eastern District of Tennessee ruled in August that an LLC’s creditor could not pierce the LLC’s veil to assert its claim against the LLC’s sole member. In a twist, the LLC’s member, not the LLC, was the debtor in bankruptcy. In re Steffner, No. 11-51315, 2012 WL 3563978 (Bankr. E.D. Tenn., Aug. 17, 2012).
In re Furrs Supermarkets, Inc., No. 11-01-10779 SA (Bankr. D.N.M. Aug. 15, 2012)
CASE SNAPSHOT
A New York bankruptcy court recently rejected a debtor’s challenge to a consensual state court judgment (“Judgment”) in favor of mortgagee, General Electric Capital Corporation (“GECC”), that had accelerated a debt and obtained a prepetition foreclosure judgment against debtor, 410 East 92nd Street (the “Hotel”), in the amount of approximately $74 million. In re: Madison 92nd St. Associates LLC, 472 B.R. 189 (Bankr. S.D.N.Y. 2012).
This article is Part Seven in a seven-part series on how to structure sales and what to do when your customer fails to pay.