March 05, 2010 | The Legal Intelligencer
Date of Incurrence of Debt Critical to Setoff DeterminationOn Dec. 9, in In re McKay , the Bankruptcy Court for the Middle District of Florida addressed the setoff and recoupment rights of the estates of a debtor's deceased parents. The decedents' estates also sought relief from the automatic stay in order to withhold inheritance and other income from the debtor until such a time as the debtor repaid his debts to the estates.
By Rudolph J. Di Massa Jr. and Catherine E. Beideman
9 minute read
June 24, 2005 | The Legal Intelligencer
Collection Efforts Don't Necessarily Thwart the Ordinary Course DefenseBoth bankruptcy and nonbankruptcy practitioners are aware that a trustee or a debtor can avoid certain transfers made by a debtor prior to a filing under 11 U.S.C. Section 101.
By Rudolph J. Di Massa Jr. and Wendy Simkulak
7 minute read
May 07, 2010 | The Legal Intelligencer
'Double Dipping' New Value Defense and Administrative Expense ClaimsIn Commissary Operations Inc. v. Dot Foods Inc., the U.S. Bankruptcy Court for the Middle District of Tennessee held that the value of goods delivered pre-petition to a debtor for which a creditor receives an administrative expense claim may also be applied in calculating credits under the "new value" defense to a preference action.
By Rudolph J. Di Massa Jr. and Laura D. Bonner
7 minute read
February 02, 2007 | The Legal Intelligencer
Section 503(b)(9) Claimants Wait in Line for PaymentIn In re Global Home Products, LLC, the U.S. Bankruptcy Court for the District of Delaware, in an opinion issued by Bankruptcy Judge Kevin Gross on Dec. 21, determined that it was within the discretion of the bankruptcy court to determine when an allowed Section 503(b)(9) claim should be paid.
By Rudolph J. Di Massa Jr. and Sommer L. Ross
9 minute read
March 17, 2006 | The Legal Intelligencer
Disclosure of Debtor's Assets Must Be CompleteUpon the filing of a petition for relief under 11 U.S.C. Section 101, an estate is created pursuant to Section 541 of the Bankruptcy Code. All estate property is thereafter subject to bankruptcy court jurisdiction.
By Rudolph J. Di Massa Jr.
8 minute read
July 29, 2005 | The Legal Intelligencer
No Last-Minute Forum Shopping AllowedPotential business debtors and their counsel often strategize about where to file a Chapter 11 petition. While formed in one state, business entities may have operations and/or assets in states throughout the country, so that they may have the option to file a bankruptcy petition in any number of jurisdictions.
By Rudolph J. Di Massa Jr. and Sommer L. Ross
9 minute read
February 10, 2006 | The Legal Intelligencer
Good News for Lenders: Deepening Insolvency Not RecognizedFew issues in bankruptcy law vary as widely across the circuits as does the issue of deepening insolvency and its status as a separate tort.
By Rudolph J. Di Massa Jr. And Matthew E. Hoffman
11 minute read
June 18, 2004 | The Legal Intelligencer
The Difficulties of Interpreting 'Plain Language'Generally, where a debtor wishes to retain property of the bankruptcy estate that is subject to a creditor's security interest, the Bankruptcy Code authorizes such retention, but requires that the debtor provide the secured creditor with adequate protection of its secured claim.
By Rudolph J. Di Massa Jr. And Kevin P. Ray
8 minute read
July 23, 2004 | The Legal Intelligencer
Inheritance Disclaimer Void As Fraudulent TransferTypically, this weekly article series addresses federal bankruptcy issues. The case discussed today does not. However, Gallaher v. Riddle, an appeal recently decided by the Superior Court of Pennsylvania, may be interesting and instructive to practitioners dealing with fraudulent transfers under state law as well as bankruptcy law.
By Rudolph J. Di Massa Jr. and Joann C. Moscariello
6 minute read
July 18, 2002 | The Legal Intelligencer
9th Circuit: Some Attorneys Are DeludedCapitalizing Text Doesn`t
By Rudolph J. Di Massa Jr.
8 minute read
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