Rudolph J Di Massa Jr

March 21, 2014 | The Legal Intelligencer

In today's financial market, institutional promissory notes with fixed rates almost always include terms that concern payment of the note in advance of its maturity date. For example, certain provisions may outline the circumstances in which a borrower may prepay amounts due under the note.

By Rudolph J. Di Massa Jr. and Jarret P. Hitchings

7 minute read

February 21, 2014 | The Legal Intelligencer

On Nov. 4, 2013, in Mukamal v. BMO Harris Bank N.A. (In re Palm Beach Finance Partners L.P.), the U.S. Bankruptcy Court for the Southern District of Florida analyzed whether a liquidating trustee for a bankruptcy estate is entitled to a jury trial on state and federal fraudulent transfer claims brought by the trustee as an adversary proceeding in bankruptcy court.

By Rudolph J. Di Massa Jr. and Catherine E. Beideman

8 minute read

November 01, 2013 | The Legal Intelligencer

Section 502, Title 11 of the U.S. Bankruptcy Code generally governs the allowance and disallowance of claims or interests asserted against a debtor's bankruptcy estate.

By Rudolph J. Di Massa Jr. and Jarret P. Hitchings

4 minute read

March 07, 2005 | National Law Journal

In his State of the Union address on Feb. 2, President Bush placed the asbestos litigation crisis on the national agenda, stating that "Justice is distorted and our economy is held back by irresponsible class actions and frivolous asbestos claims."

By Rudolph J. Di Massa Jr. and Kevin P. Ray Special to The National Law Journal

10 minute read

August 17, 2012 | The Legal Intelligencer

In Commerce Bank/Harrisburg, N.A. v. Kessler, No. 464 MDA 2011, 2012 WL 1610139 (Pa. Super. May 9, 2012), the Pennsylvania Superior Court issued its affirmance of a ruling of the Dauphin County Court of Common Pleas. In this case, the trial court had ruled that a mechanic's lien would be given priority over a first-recorded open-end mortgage collateralizing the bank's construction loan. Key to the Superior Court's affirmance was the fact that all proceeds of the construction loan were not used in connection with actual construction of the borrower's home.

By Rudolph J. Di Massa Jr.

7 minute read

February 01, 2013 | The Legal Intelligencer

Under Section 365(h) of the Bankruptcy Code, where a debtor, as lessor, rejects a lease, the debtor's contractual obligations under the lease generally disappear.

By Rudolph J. Di Massa Jr. and Jarret P. Hitchings

8 minute read

June 13, 2003 | The Legal Intelligencer

A debtor filing for bankruptcy protection under Chapter 11 usually retains control of its company and continues to operate its business while developing a plan to reorganize and restructure. One of the first consequences a Chapter 11 debtor is likely to face is the refusal of its vendors to provide goods and services on credit - payment will likely be required in full upon delivery.

By Rudolph J. Di Massa Jr.And Jacqueline B. PenrodSpecial to the Legal

7 minute read

March 15, 2013 | The Legal Intelligencer

On June 9, 2011, in In re McGinnis, 453 B.R. 770 (Bankr. D. Or. 2011), the U.S. Bankruptcy Court for the District of Oregon addressed certain issues arising from a Chapter 13 debtor's proposed debt adjustment plan.

By Rudolph J. Di Massa Jr.and James G. Schu Jr.

7 minute read

October 18, 2011 | The Legal Intelligencer

Since the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, courts have puzzled over whether Congress intended to eliminate the absolute priority rule for individual Chapter 11 debtors. The absolute priority rule precludes payment to a junior class of creditors or equity holders until all senior classes have been paid in full on their claims.

By Rudolph J. Di Massa Jr. and Laura D. Bonner

9 minute read

August 02, 2013 | The Legal Intelligencer

On January 8, in In re Southern Montana Electric Generation and Transmission Cooperative, No. 11-62031-11, 2013 Bankr. LEXIS 62 (Bankr. D. Mont. 2013), the U.S. Bankruptcy Court for the District of Montana entertained argument by the Chapter 11 trustee, the debtor's official committee of unsecured creditors, and certain individual creditors (collectively, the movants) in a motion aimed at defeating the administrative claim of a competing creditor, PPL EnergyPlus LLC.

By Rudolph J. Di Massa Jr. and James G. Schu Jr.

6 minute read