Golf fees as cash collateral: strike three you’re out

Far East Nat’l Bank v. U.S. Trustee, San Diego (In re Premier Golf Properties, LP) 477 B.R. 767 (9th Cir. B.A.P. 2012) –

Filed under:
USA, Insolvency & Restructuring, Leisure & Tourism, Litigation, Troutman Pepper, Bankruptcy, Debtor, Collateral (finance), Interest
Location:
USA
Firm:
Troutman Pepper
Delinquent property tax collection: foreclosure may be vulnerable

Williams v. City of Milwaukee City Clerk (In re Williams), 473 B.R. 307 (Bankr. E.D. Wis. 2012) –

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Tax, Troutman Pepper, Property tax, Mortgage loan, Foreclosure, Fair market value, Tax lien
Location:
USA
Firm:
Troutman Pepper
Syndicated loans: when does a no vote count as yes?

In re Rosewood at Providence, LLC, 470 B.R. 619 (Bankr. M.D. Ga. 2011) –

Filed under:
USA, Banking, Insolvency & Restructuring, Troutman Pepper, Surety, Debtor, Collateral (finance), Limited liability company, Broadcast syndication
Location:
USA
Firm:
Troutman Pepper
Bankruptcy court validates sale process in Lehman’s multi-billion-dollar ‘windfall’ suit against Barclays Capital - decision highlights extraordinary burden required to overturn a section 363 bankruptcy sale

In a long-awaited decision released on February 22, 2011, Judge James M. Peck of the United States Bankruptcy Court for the Southern District of New York ruled in favor of Barclays Capital in Lehman Brothers Holding Inc.’s multi-billion-dollar lawsuit arising out of the sale of Lehman’s investment banking and brokerage assets, which occurred in September of 2008.

Filed under:
USA, Insolvency & Restructuring, Litigation, Troutman Pepper, Bankruptcy, Security (finance), Board of directors, Investment banking, Systemic risk, Brokerage firm, Title 11 of the US Code, Barclays, Lehman Brothers, United States bankruptcy court
Authors:
Leon R. Barson , John Henry Schanne, II
Location:
USA
Firm:
Troutman Pepper