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New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors

PBWT

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports.

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Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business

PBWT

Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Rosinbomb manufactures and sells “organic extraction presses utilizing a combination of heat and pressure to generate organic concentrates.” ” In re Mayer , 2022 Bankr.

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Burr & Forman Names Eight New Partners Across Five Offices

Burr Forman

Meryl Cowan is a member of the firm’s Labor & Employment group where she represents employers, manufacturers, and companies in all aspects of general employment, labor, and employment discrimination law.

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Supreme Court Expands Creditors’ by Allowing Denial of a Discharge Under Sec. 523(a)(2)(A) if Debtor Transfers Assets in Violation of State Fraudulent Transfer Statute

The Creditors Rights

Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. Chrysalis Manufacturing Corp. Congress added the term “actual fraud” when it enacted the Bankruptcy Code in 1978. Ritz , 2016 WL 2842452 (2016).