May 20, 2021 | The Legal Intelligencer
Pursuing Criminal Charges Against a Debtor May Violate Automatic Stay and Discharge InjunctionIn a recently published decision, the U.S. Bankruptcy Court for the Eastern District of North Carolina held that a creditor violated both the automatic stay and discharge injunction when the creditor made a criminal referral against a debtor on account of a bounced rent check.
By Rudolph J. Di Massa Jr. and Geoffrey A. Heaton
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
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
December 23, 2020 | The Legal Intelligencer
What Affirmative Action Does the Bankruptcy Code's Automatic Stay Require a Creditor to Take?In City of Chicago v. Fulton, the U.S. Supreme Court is poised to rule on whether a creditor must, under the automatic stay provision of the Bankruptcy Code, affirmatively return property to a debtor once she files a petition for relief.
By Rudolph J. Di Massa Jr. and Diane J. Kim
7 minute read
November 12, 2020 | The Legal Intelligencer
Court Opens Door for Widespread Eligibility Under Subchapter V of Bankruptcy CodeIn In re Ellingsworth Residential Community Association, the U.S. Bankruptcy Court for the Middle District of Florida determined that a nonprofit community association engaged in the requisite "commercial or business activities" sufficient to qualify it as a "small business debtor" for purposes of filing a Chapter 11 petition under Subchapter V of the Bankruptcy Code.
By Rudolph J. Di Massa Jr. and Drew S. McGehrin
7 minute read
October 01, 2020 | The Legal Intelligencer
10th Circ. BAP Joins Majority in Finding Section 523(a)(6) Requires Injury to Be Willful and MaliciousIn In re Smith, the U.S. Bankruptcy Appellate Panel for the U.S. Court of Appeals for the Tenth Circuit recently joined the majority of circuit courts of appeals in finding that a creditor seeking a judgment of nondischargeability must demonstrate that the injury caused by the prepetition debtor was both willful and malicious under Section 523(a)(6) of the Bankruptcy Code.
By Rudolph J. Di Massa Jr. and Keri L. Costello
10 minute read
August 13, 2020 | The Legal Intelligencer
Selling a Claim Does Not 'Wash' the Claim From Disallowance Under Section 502(d)In a recent decision, the U.S. Bankruptcy Court for the Southern District of New York held that claim disallowance issues under Section 502(d) of the Bankruptcy Code "travel with" the claim, and not with the claimant.
By Rudolph J. Di Massa, Jr. and Geoffrey A. Heaton
8 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
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
March 30, 2020 | The Legal Intelligencer
Parent of Secured Creditor Does Not Automatically Gain Secured StatusThis decision underscores the need for precision and care in the drafting of loan documents, particularly with respect to the granting language contained in security agreements.
By Rudolph J. Di Massa Jr. and Drew S. McGehrin
7 minute read