involuntary

Could Unpaid Cities File an Involuntary Bankruptcy Against Donald J. Trump for President, Inc.?

08/03/20
President Donald J. Trump knows a little something about bankruptcy. At least four of his casinos and hotels have filed voluntary reorganization petitions, but could his presidential campaign be placed into involuntary bankruptcy over unpaid security bills to cities? This hypothetical provides a great vehicle for discussing the mechanics of how an involuntary petition gets filed and the consequences arising from it.
Some Background
[more]

Diamondhead Casino Bankruptcy – and the Challenge to Trustee Appointments

11/15/15

On November 13, 2015, Judge Laurie Selber Silverstein of the Delaware Bankruptcy Court ruled on an emergency motion to appoint a trustee.  Unfortunately for the movants, it is hard to argue it is an emergency when the debtor is almost out of cash, but has been running on fumes for the last several years with a massive equity cushion.  The “Opinion” is available here.

[more]

Read the Order Dismissing the Involuntary Chapter 11 Petition Filed Against Bank of America, N.A.

06/22/11

The following order dismissing the involuntary chapter 11 petition against Bank of America, N.A. was entered by Bankruptcy Judge Michael Romero (Bankr. D. Colo.) shortly after 3 p.m. on Tuesday.  For background on the involuntary filing and Bank of America’s response, please read our earlier post on the case: http://blog.ch11cases.com/2011/06/34-individuals-file-pro-se-involuntary.html To view a copy of the [...]

[more]

34 Individuals File Pro Se Involuntary Chapter 11 Bankruptcy Petition Against Bank of America, N.A.; Bank of America Quickly Responds & Asks for Immediate Dismissal

06/20/11

On Friday at about 5:00 p.m. local time, 34 individuals (from the court filings, it appears not represented by counsel) filed an involuntary chapter 11 bankruptcy petition against Bank of America, N.A. (a banking subsidiary of Bank of America Corporation (NYSE: BAC)).  In the petition, the individuals assert claims against Bank of America of between [...]

[more]