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Post-Petition Liabilities Arising from a Pre-Petition Guarantee are not Automatically Discharged

ABI

John's University School of Law American Bankruptcy Institute Law Review Staff Section 727(b) of title 11 of the United States Code (the “Bankruptcy Code”) provides that a Chapter 7 debtor’s bankruptcy discharge eliminates the debtor’s liability for “all debts that arose before the date of the order of relief.” [1] 27] [1] 11 U.S.C. §

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Supreme Court to Consider Constitutionality of Chapter 11 Fees

PBWT

One such debtor-paid fee, at issue in Siegel , is the quarterly fee imposed on disbursements that chapter 11 debtors make to creditors. The Judicial Conference imposed such a requirement and from 2002 until January 1, 2018, all chapter 11 debtors paid fees according to the same disbursement formula. Trustee district.

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Fireworks in the Sky but not in Court: Bankruptcy Judge Takes a Practical Approach to the Ordinary Course of Business Defense

PBWT

In 2017 and 2018, the fireworks were sponsored by a local car dealership. In 2018, the invoice was sent on May 14, 2018, and payment was made on July 13, 2018. In August 2018, the car dealership filed for chapter 11 bankruptcy protection. 11 U.S.C. § 11 U.S.C. § 11 U.S.C. §

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New SDNY Decision on Administrative Priority for Executory Contracts

PBWT

11 U.S.C. § ” 11 U.S.C. § ” 11 U.S.C. § The first agreement was entered in March 2011, and expired on March 19, 2018, but the parties executed a series of successive extension agreements, extending it through March 31, 2019. RMS filed a chapter 11 petition on February 11, 2019.

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Hyatt to Sunset Legacy Card, Upgrade All Holders to World of Hyatt in 2021

Nerd Wallet

11, 2021, holders of that older product will be migrated to The World Of Hyatt Credit Card, which was rolled out in summer 2018. Hyatt and Chase will soon be putting the legacy Hyatt Credit Card to bed. Since that time, the older version hasn’t been accepting new applications, although existing cardholders had the.

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Foreclosure Sale Violates Automatic Stay when a Debtor is a Named Party in the Foreclosure

ABI

John's University School of Law American Bankruptcy Institute Law Review Staff Section 362 of title 11 of the United States Code (the “Bankruptcy Code”) provides that the filing of a bankruptcy petition results in an automatic stay generally enjoining all actions, including a foreclosure sale, against a debtor or its property. [1]

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Post-Confirmation, Pre-Effective Date Administrative Expense Claims are Subject to Bar Date

ABI

LLC , the United States Court of Appeals for the Third Circuit held that sections 503 and 1141 of Title 11 of the United States Code (the “Bankruptcy Code”) authorize bankruptcy courts to set deadlines (i.e., quoting 11 U.S.C. § American Bankruptcy Institute Law Review Staff. . In Ellis v. Westinghouse Electric Co., 30, 2021). [2]