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Today's News

May 14, 2024 - 6 new headlines

FTX Law Firm Hits Back Against Investors' 'Dubious' Fraud Claims - Bloomberg Law

05/14/2024 FTX Law Firm Hits Back Against Investors' 'Dubious' Fraud Claims  Bloomberg Law [more]
Tags: Lawsuits, News

Ted Baker holds closing sale after bankruptcy filing - Digital Commerce 360

05/14/2024 Ted Baker holds closing sale after bankruptcy filing  Digital Commerce 360 [more]
Tags: 363 Sales, News

Why FTX is different from other crypto bankruptcies - Blockworks

05/14/2024 Why FTX is different from other crypto bankruptcies  Blockworks [more]
Tags: Lawsuits, News

How a 46-Year-Old Hedge Fund Went Bankrupt Without a Blowup - Bloomberg

05/14/2024 How a 46-Year-Old Hedge Fund Went Bankrupt Without a Blowup  Bloomberg [more]
Tags: Filings, News

Sam Ash's assets to be auctioned off following bankruptcy filing - Guitar.com

05/14/2024 Sam Ash's assets to be auctioned off following bankruptcy filing  Guitar.com [more]
Tags: 363 Sales, News

7 Stocks at High Risk of Bankruptcy: Is Your Portfolio Safe? - InvestorPlace

05/14/2024 7 Stocks at High Risk of Bankruptcy: Is Your Portfolio Safe?  InvestorPlace [more]
Tags: Liquidation, News

Storied Galleria-Area Office Building Slated For Bankruptcy Sale - Bisnow

05/13/2024 Storied Galleria-Area Office Building Slated For Bankruptcy Sale  Bisnow [more]
Tags: 363 Sales, News

Eletson Creditors Seek Over $1M Cut In Reed Smith Fees - Law360

05/13/2024 Eletson Creditors Seek Over $1M Cut In Reed Smith Fees  Law360 [more]
Tags: Cases of Interest, News

Red Lobster to abruptly shut dozens of restaurants as it considers Chapter 11 bankruptcy - Daily Mail

05/13/2024 Red Lobster to abruptly shut dozens of restaurants as it considers Chapter 11 bankruptcy  Daily Mail [more]
Tags: News, Reorganizations

High Court: Sanctioned Russians "probably owned" litigation funder - Legal Futures

05/13/2024 High Court: Sanctioned Russians "probably owned" litigation funder  Legal Futures [more]
Tags: Lawsuits, 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