March 08, 2012 | Inside Counsel
Litigation: No whole business enterprise exception to single asset real estate provisionsParent company Meruelo Maddux Properties Inc. (MMPI) and 53 of its subsidiaries filed Chapter 11 petitions in March 2009.
By Randye Soref
4 minute read
February 23, 2012 | Inside Counsel
Litigation: Supreme Court to decide if secured creditors may credit bid in Chapter 11 asset salesThe U.S. Supreme Court granted a petition for certiorari in RadLAX Gateway Hotel, LLC et al. v. Amalgamated Bank on Dec. 12, 2011.
By Randye Soref
4 minute read
February 09, 2012 | Inside Counsel
Litigation: Playing the plan confirmation gameIn a direct appeal to the 7th Circuitbypassing the district courtdebtor, River East Plaza LLC, appealed an adversary action ruling issued by the U. S. Bankruptcy Court for the Northern District of Illinois rejecting River Easts Chapter 11 plan and dismissing the bankruptcy case. River East Plaza, LLC, et al....
By Randye Soref
12 minute read
January 26, 2012 | Inside Counsel
Litigation: Assignment of voting rights held unenforceableIn April 2010, SW Boston Hotel Venture LLC and certain related entities filed for Chapter 11 bankruptcy.
By Randye Soref
6 minute read
January 12, 2012 | Inside Counsel
Litigation: A single-asset entity can’t file bankruptcy and stop foreclosureIn Mezz II, a precedent was set to dismiss bad faith bankruptcy filings
By Randye Soref
9 minute read
December 29, 2011 | Inside Counsel
Litigation: A Stern gift that keeps on givingIn Stern v. Marshall, the Supreme Court held that a non-Article III court, such as a bankruptcy court, may only constitutionally determine public rights, such as the resolution of a proof of claim filed in a bankruptcy, and not private rights, such as those to augment the estate.
By Randye Soref
6 minute read
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