News

Today's News

May 8, 2024 - 11 new headlines

Mesa, Tempe hospitals on the auction block in bankruptcy case - The Mesa Tribune

05/08/2024 Mesa, Tempe hospitals on the auction block in bankruptcy case  The Mesa Tribune [more]
Tags: Cases of Interest, News

‘The Committee finds itself on a hamster wheel’: Bankruptcy judge warned Rudy Giuliani his creditors were angry, but ‘frustrations are reaching a fever pitch’ - Law & Crime

05/08/2024 ‘The Committee finds itself on a hamster wheel’: Bankruptcy judge warned Rudy Giuliani his creditors were angry, but ‘frustrations are reaching a fever pitch’  Law & Crime [more]
Tags: Cases of Interest, News

FTX has billions more than needed to pay bankruptcy victims - Financial Post

05/08/2024 FTX has billions more than needed to pay bankruptcy victims  Financial Post [more]
Tags: Cases of Interest, News

Accountants Don't Want To Help Rudy Giuliani In Bankruptcy Case, His Lawyers Say - HuffPost

05/08/2024 Accountants Don't Want To Help Rudy Giuliani In Bankruptcy Case, His Lawyers Say  HuffPost [more]
Tags: Cases of Interest, News

'No one seems interested': Accountants shun bankrupt 'political pariah' Giuliani - AlterNet

05/08/2024 'No one seems interested': Accountants shun bankrupt 'political pariah' Giuliani  AlterNet [more]
Tags: Filings, News

Court Hears First-day Motions in Steward Bankruptcy - businessjournaldaily.com

05/08/2024 Court Hears First-day Motions in Steward Bankruptcy  businessjournaldaily.com [more]
Tags: 363 Sales, News

Steward Health Care to sell all U.S. hospitals after declaring bankruptcy - CBS Boston

05/08/2024 Steward Health Care to sell all U.S. hospitals after declaring bankruptcy  CBS Boston [more]
Tags: 363 Sales, News

Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal - Cointelegraph

05/08/2024 Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal  Cointelegraph [more]
Tags: Lawsuits, News

rue21 is closing all stores due to bankruptcy. These are their Connecticut locations. - Norwich Bulletin

05/08/2024 rue21 is closing all stores due to bankruptcy. These are their Connecticut locations.  Norwich Bulletin [more]
Tags: Filings, News

Nationwide shutdown by retailer Rue21 to include three Richmond-area stores - RichmondBizSense

05/08/2024 Nationwide shutdown by retailer Rue21 to include three Richmond-area stores  RichmondBizSense [more]
Tags: Filings, News

Blogs

Terms of Confirmed Chapter 11 Plan Prohibit Malpractice Claim Against Debtor’s Counsel

04/03/2024 The Third Circuit Court of Appeals issues a reminder to debtors’ counsel that they can protect themselves with beneficial (boilerplate) terms in a Chapter 11 Plan. In In re SC SJ Holdings, LLC, 2024 WL 1328233 (3rd. Cir. March 28, 2024), the Debtor was the owner of a hotel that was operated [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, Chapter 11, Chapter 11 Plan, Corporate & Fiduciary Litigation, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Miscellaneous Cases, Plan of Reorganization, reorganization, Small Business Bankruptcy, Uncategorized

Bankruptcy and Divorce (Vol. 73) – Agreements to Transfer Property

03/14/2024 An entire blog could be devoted to the intersection of Bankruptcy and divorce, but for this post we will look at what happens when a divorce decree (or final settlement agreement) requires that one of the spouses transfer his or her interest in real property to the other spouse, but before the [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 7, Chapter 7 Trustee, divorce, divorce decree, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Miscellaneous Cases, Northern District Cases, real property

Section 523(a) Exceptions to Discharge Do Not Apply to Subchapter V Corporate Debtors

02/22/2024 … at least in Judge Sigler’s Court in the Northern District of Georgia. Primary Investments Group, Inc. v. RA Custom Design Inc., 2024 WL 607716, Adv. Proc. No. 23-05193-sms (February 13, 2024). The holding is consistent with most courts that have ruled on the issue, with the exception [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, Chapter 11, discharge, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Northern District Cases, Subchapter V

The Discharge Injunction – Violations and Damages

02/09/2024 It seems like violations of the discharge injunction get much less publicity than violations of the automatic stay.  Perhaps that is because by the time a discharge is entered the creditor has received the message.  When there is a violation the Eleventh Circuit has a good body of law on [more]
Tags: Atlanta bankruptcy, Atlanta Bankruptcy Lawyer, bankruptcy, Bankruptcy Blogs, chapter 7, Contempt, discharge, Discharge Injunction, Discharge Order, Eleventh Circuit Cases, Georgia bankruptcy, Georgia Bankruptcy Lawyer, GeorgiaBankruptcyBlog, Miscellaneous Cases, Northern District Cases, US Supreme Court Cases

Meet Judge Robinson

01/01/2024 Shad Robinson took the bench as the twelfth bankruptcy judge to serve in the Western District of Texas on February 21, 2023. Judge Robinson, by his own telling, took an unlikely path to law school and practicing bankruptcy law. He is fairly unique among his bankruptcy colleagues in that he practiced [more]
Tags: ATexasBankruptcyLawyersBlog, Bankruptcy Blogs

Supreme Court Strikes Blow for Deciding Cases and Explains What Is Jurisdictional and What Is Not

11/26/2023 Author's Note: I started writing this post in April. My life has been a bit busy this year so I haven't blogged as much as in prior years. If you are already familiar with the holding of Moac Mall Holdings, you may want to skip to the end to the What It Means section.In Justice Ketanji Brown [more]
Tags: 363(m), ATexasBankruptcyLawyersBlog, Bankruptcy Blogs, Justice Ketanji Brown Jackson, mootness

The Valuation Paradox

10/18/2023 In the program Who Killed the Company? Tips and Trends in Claims and Defenses, Judge Marvin Isgur and his fellow panelists confronted issues such as in pari delicto, insurance coverage and waiver of fiduciary duties. However, one discussion led by Judge Isgur focused on whether solvency should be [more]
Tags: ATexasBankruptcyLawyersBlog, Bankruptcy Blogs, Judge Marvin Isgur, NCBJ 2023, Valuation

NCBJ 2023: The View from Austin

10/15/2023  The National Conference of Bankruptcy Judges came to Austin for its 2023 conference with the slogan Blues, Barbecue and Bankruptcy. Here are some images from the conference.    Sheriff Ronnie King was the Master of Ceremonies for the Conference.   Chief Judge [more]
Tags: ATexasBankruptcyLawyersBlog, Bankruptcy Blogs, NCBJ 2023

Rats! I need a new car and I’m stuck in Chapter 13

09/05/2023 Do You Need to Finance a Car in Chapter 13? The last thing you want to do is get further into debt while you are in Chapter 13.  (The goal of Chapter 13 is to get out of debt.)  But sometimes you need to replace a broken down junker. So, you need financing for a […] The post Rats! I need a [more]
Tags: Bankruptcy Blogs, Blog, chapter 13, Chapter 13 Bankruptcy, NorthernVirginiaBankruptcyAttorneyRobertWeed, Weekly Posts

Creative Destruction in Small Business Bankruptcy

08/29/2023 Two distantly related items caught my eye this morning, as both reinforce the need for "creative destruction" as a response to all-too-common small business failure. The first was a NYT piece on the travails of a female entrepreneur in China. It tells a heart-wrenching story of a system in which the [more]
Tags: Bankruptcy Blogs, Comparative & Int'l Perspectives, CreditSlips, small business