September 27, 2024 | The Legal Intelligencer
Fifth Circuit Sides With Fourth Circuit and Rules That Discharge Exceptions Apply to Corporate Subchapter V DebtorsIn the case of Avion Funding v. GFS Industries (In re GFS Industries), the U.S. Court of Appeals for the Fifth Circuit held that corporate debtors that elect to proceed under Subchapter V of Chapter 11 are, pursuant to Section 1192 of the Bankruptcy Code, subject to the discharge exceptions set forth in Section 523 of the Bankruptcy Code.
By Lawrence J. Kotler and Elisa Hyder
7 minute read
March 22, 2024 | The Legal Intelligencer
Ninth Circ. Bankruptcy Appellate Panel: Corporate Debtors in Subchapter V Are Not Subject to Discharge ExceptionsSmall businesses seeking to reorganize should be mindful of this growing area of case law as they weigh their different reorganization options including, importantly, where they choose to reorganize and what type of reorganization chapter they should pursue.
By Lawrence J. Kotler and Elisa Hyder
8 minute read
May 18, 2023 | The Legal Intelligencer
Fourth Circuit: Discharge Exceptions Apply to Corporate Debtors in Subchapter VIn a matter of first impression not yet addressed by any circuit court, the U.S. Court of Appeals for the Fourth Circuit in the case of Cantwell-Cleary v. Cleary Packaging (In re Cleary Packaging), 36 F.4th 509 (4th Cir. 2022) addressed whether the discharge exceptions under Section 523(a) apply to corporate debtors under Subchapter V of Chapter 11 of the Bankruptcy Code.
By Lawrence J. Kotler and Elisa Hyder
9 minute read
September 29, 2022 | The Legal Intelligencer
NJ Bankruptcy Court: Chapter 13 Debtor Lacks Standing to Bring Avoidance ActionBecause the debtor's objective was solely to recover title to the property in order to preserve her homestead exemption, and because the relief the debtor sought was not limited to the value of her exemption, the Nealy court held that the debtor could not pursue her requested relief.
By Rudolph J. Di Massa Jr. and Elisa Hyder
7 minute read
November 11, 2021 | The Legal Intelligencer
Panel Affirms Dismissal of Bankruptcy Filed by Owners of Defunct Marijuana CompanyIn Burton v. Maney (In re Burton), 610 B.R. 633 (B.A.P. 9th Cir. 2020), the Bankruptcy Appellate Panel of the U.S. Court of Appeals for the Ninth Circuit…
By Rudolph J. Di Massa Jr. and Elisa Hyder
8 minute read
February 11, 2021 | The Legal Intelligencer
Third Circuit Establishes New Analysis for Cramdown CasesIn In re Tribune, 972 F.3d 228 (3d Cir. 2020), the U.S. Court of Appeals for the Third Circuit affirmed the confirmation of Tribune Co.'s Chapter 11 plan. In so doing, the court identified certain principles to be applied when determining whether a plan unfairly discriminates against a dissenting class of creditors.
By Rudolph J. Di Massa Jr. and Elisa Hyder
8 minute read
October 07, 2020 | Delaware Business Court Insider
Court Addresses Arbitration Provision in Connection With Post-Petition Debtor ContractsIn Woodbridge Wind-Down Entity v. Monsoon Blockchain Storage (In re Woodbridge Group of Companies), the U.S. Bankruptcy Court for the District of Delaware addressed the issue of when an arbitration provision should be enforced in connection with post-petition contracts entered into by and between a debtor and a counterparty.
By Lawrence J. Kotler and Elisa Hyder
8 minute read
May 21, 2020 | The Legal Intelligencer
First Circ.: No 'Reasonably Equivalent Value' in Exchange for Tuition PaymentsIn In re Palladino, 942 F.3d 55 (1st Cir. 2019), the U.S. Court of Appeals for the First Circuit addressed whether a debtor receives "reasonably equivalent value" in exchange for paying his adult child's college tuition.
By Rudolph J. Di Massa Jr. and Elisa Hyder
7 minute read
Trending Stories