PBWT
JULY 20, 2021
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.
PBWT
FEBRUARY 10, 2022
“[E]nsnared between his involvement in a business that is legal under the laws of Arizona but illegal under federal law,” one debtor’s chapter 13 petition was recently dismissed due to his undisputed violations of the Controlled Substances Act. ” Facing significant debt, Mayer filed a chapter 13 petition in the U.S.
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The Creditors Rights
JUNE 21, 2016
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. The Court further noted that fraudulent conveyances at common law did not require a misrepresentation by a debtor to his creditor.
PBWT
MARCH 28, 2022
As a result of Purdue Pharma’s proposed plan of reorganization, and the ongoing opioid epidemic that continues to grip the nation, the debate over non-consensual third-party releases has gone mainstream despite being a popular tool for debtors for decades. In that case, the plan provides for a $2.7 20-10343, ECF No. 9114 at ¶ 206.
FFGN COLLECT NY
OCTOBER 27, 2020
An issue that comes up time and time again in debt collection settlements is whether parties can continue doing business together even though the creditor has placed the account for collection. The debtor may allege their business can not survive without the creditor’s product. It happens more often than you would think.
Burr Forman
AUGUST 10, 2020
Derek is the chair of the firm’s Creditors’ Rights and Bankruptcy practice group and a Fellow in the American College of Bankruptcy. Derek regularly represents debtors, creditors, committees, asset purchasers and other clients in matters related to insolvency, financial distress, and bankruptcy, both in and out of court.
Troutman Sanders
NOVEMBER 13, 2023
On November 2, the Federal Housing Administration (FHA) announced its publication of updated appraisal requirements for valuation of certain manufactured homes. For more information, click here. State Activities: On November 9, the State of Minnesota enacted a bill, Chapter 70 — S.F.No.
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