May 26, 2006 | The Legal Intelligencer
When Is a School Bus Not Just a Motor Vehicle?In Belsome v. Belsome (In re Belsome), 434 F.3d 774 (5th Cir. 2005), the United States Court of Appeals for the Fifth Circuit was faced with the issue of whether, under Louisiana�s exemption statute, a school bus should be classified as: a �motor vehicle,� in which the debtor could only claim a $7,500 exemption; or a �tool,� which the debtor could claim as completely exempt from the bankruptcy case.
By Rudolph J. Di Massa Jr. and Sommer L. Ross Special to the Legal
7 minute read
April 15, 2005 | The Legal Intelligencer
Preliminary Injunction May Issue to Preserve Assets in Adversary ProceedingIn a recently decided case, Rubin v. Pringle (In re Focus Media Inc.), the 9th U.S. Circuit Court of Appeals held that in an adversary proceeding in bankruptcy court, a lawyer can be deemed to be the client's implied agent to receive service of process when the lawyer repeatedly represented that client in the underlying bankruptcy case.
By Rudolph J. Di Massa Jr. and Joann C. Moscariello
6 minute read
May 20, 2005 | The Legal Intelligencer
Is the Insolvency Pendulum Swinging Back in the Lender's Favor?Debtors and trustees have long sought to unwind pre-petition transactions where the debtor has allegedly received less than fair value for assets that have been transferred to another. The scrutiny given such transactions is often heightened when there is a suggestion of self-dealing.
By Rudolph J. Di Massa Jr. and Kevin P. Ray
7 minute read
August 31, 2007 | Law.com
A Split in the Circuits Over Assumption of an Executory ContractFollowing the minority line of cases in a notable split of authority among the circuits, the U.S. Bankruptcy Court for the District of New Mexico held that 11 U.S.C. Section 365(c)(1) does not prohibit assumption of an executory contract.
By Rudolph J. Di Massa Jr. and Matthew E. Hoffman
8 minute read
December 17, 2004 | The Legal Intelligencer
Narrow ChannelThe last one-and-a-half decades have seen otherwise healthy companies seek Chapter 11 bankruptcy protection in an effort to control mass tort liability arising from the exposure to asbestos of their employees, customers and others.
By Rudolph J. Di Massa Jr. And Kevin P. Ray
9 minute read
December 01, 2006 | The Legal Intelligencer
Creditors and Standing to Object Yo Chapter 11 PetitionsIn In re Orchard at Hansen Park, the U.S. Bankruptcy Court for the Northern District of Texas was faced with the issue of whether a creditor has standing to raise the issue of authority to file a bankruptcy petition and to pursue a motion to dismiss when a limited liability company files for bankruptcy without obtaining the approval of all its members, as required by the company's operating agreement.
By Rudolph J. Di Massa, Jr. and Sommer L. Ross
9 minute read
January 17, 2002 | The Legal Intelligencer
11th Circuit Tackles Handling of Attorneys` FeesIn its recent decision, Welzel v. Advocate Realty Investments LLC (In re Welzel), the 11th U.S. Circuit Court of Appeals resolved two related issues under 11 U.S.C. Section 506(b) as a matter of first impression.
By Rudolph J. Di Massa Jr.
7 minute read
June 22, 2007 | The Legal Intelligencer
A Look at the 'Realist' Underpinnings Of the Uniform Commercial CodeSince the first version was published in 1949, the Uniform Commercial Code has obtained widespread acceptance throughout the United States and serves as a source of stability and regularity for commercial transactions.
By Rudolph J. Di Massa Jr. and Michael D. Sousa
11 minute read
June 13, 2002 | The Legal Intelligencer
Seeking Stay Pending Appeal Does Not Circumvent RemandThe uncertain, potentially bottomless liability associated with mass tort litigation, and specifically with asbestos litigation, not infrequently results in corporate defendants seeking protection under the Bankruptcy Code.
By Rudolph J. Di Massa Jr.
6 minute read
January 05, 2007 | The Legal Intelligencer
Propriety of Incentives Paid by Secured Creditor to Debtor's OfficersIn re Airway Industries Inc., the U.S. Bankruptcy Court for the Western District of Pennsylvania denied the motion of an unsecured creditors' committee seeking the turnover of certain transaction bonuses provided by a secured creditor to four of a debtor's officers.
By Rudolph J. Di Massa Jr. and Matthew E. Hoffman
7 minute read
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