Judge Michael Lynn

Energy Resources Remains Viable for Allocation of Tax Payments

02/27/15
Twenty-five years ago, the Supreme Court held that a Bankruptcy Court had the authority to order the IRS to allocate payments made "voluntarily" by a Debtor when necessary to effectuate a successful reorganization.    United States v. Energy Resources Co., 495 U.S.
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New Opinion Makes Sense of "Identifiable, Tangible and Material Benefit" Language From Pro-Snax

05/06/12
In Matter of Pro-Snax Distributors, Inc., 157 F.3d 414 (5th Cir.
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Texas Bankruptcy Courts Split Over Application of Schwab v. Reilly

06/19/11

The Supreme Court's decision in Schwab v. Reilly, 130 S.Ct. 2652 (2010) last term provoked a lot of concern about the finality of exemptions. Under Taylor v.

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Texas Rangers Chapter 11 Saga - Lessons Learned?

08/25/10

The Texas Rangers Chapter 11 case is finally winding down, following several weeks of nearly non-stop legal wrangling and high stakes drama. Rangers Baseball Express, LLC (“RBE”), a group fronted by legendary pitcher Nolan Ryan, emerged as the winner following a l

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No Clear Exit Yet for Texas Rangers

07/09/10

The Chapter 11 case of Texas Rangers Baseball Partners (“TRB Partners”) continues to take fascinating turns, and is fast becoming a cautionary tale about the risks of using the bankruptcy process to achieve a quick result without the consent of all major parties.   

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Hardball in the Texas Rangers' Chapter 11 Case

06/28/10

The 2010 Major League Baseball season may not yet even be at the halfway point, but events in the Chapter 11 case of Texas Rangers Baseball Partners are beginning to resemble the taut back and forth of the final weeks of a pennant race. 

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Judge Clears Way For Sale of Texas Rangers

06/25/10

The Texas Rangers’ lenders thought they had thrown a perfect strikeout pitch to prevent the confirmation of the Rangers’ proposed plan of reorganization. Instead, they now know how Hugh Casey felt. 

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