September 28, 2023 | The Legal Intelligencer
Chapter 5 Avoidance Actions Can be Sold to Creditors Under Section 363(f) of the Bankruptcy CodeIn In re Simply Essentials, the U.S. Court of Appeals for the Eighth Circuit (the Eighth Circuit) affirmed a bankruptcy court's ruling that avoidance actions constitute salable property of the debtor's bankruptcy estate.
By Lawrence J. Kotler and Malcolm Bates
6 minute read
November 10, 2022 | The Legal Intelligencer
Successor Liability Claims Constitute a 'Property Interest' for Purposes of a 363 Sale in BankruptcyIn In re Norrenberns Foods, Case No. 21-30825, (Bankr. S.D. Ill. July 8, 2022), the U.S. Bankruptcy Court for the Southern District of Illinois had occasion to rule on a creditor's objection to the sale of a debtor's assets.
By Rudolph J. Di Massa Jr. and Malcolm Bates
9 minute read
December 23, 2021 | The Legal Intelligencer
In Bankruptcy, Rejection of Prepetition Contracts Is Not AutomaticThe bankruptcy court found that because the debtor was already subject to a state court-specific performance order compelling it to take the ancillary steps necessary to close the sale, the contract was no longer executory and could not be rejected.
By Rudolph J. Di Massa Jr. and Malcolm Bates
8 minute read
March 29, 2021 | The Legal Intelligencer
Plaintiffs Beware: Automatic Stay Embodied in Section 362 Is Not All-EncompassingThe appellate court found that the plaintiffs' claims had not been "automatically" stayed pursuant to Section 362 of the Bankruptcy Code. As a result, the statute of limitations applicable to those claims had not been tolled.
By Rudolph J. Di Massa Jr. and Malcolm Bates
9 minute read
June 26, 2020 | The Legal Intelligencer
Ninth Circ. Bankruptcy Appellate Panel Tackles Property and Creditor's Reach in 'Juarez'In In re Juarez, 603 B.R. 610 (9th Cir. BAP 2019), the Bankruptcy Appellate Panel of the U.S. Court of Appeals for the Ninth Circuit addressed a question of first impression in the circuit with respect to property that is exempt from creditor reach.
By Rudolph J. Di Massa Jr. and Malcolm Bates
8 minute read
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