This post was prepared by yours truly, with contributions from Phil Bradford, a financial web content writer. Phil graduated from New York University School of Law and recently joined Herald University as a reporter. He has also written for websites such as debtfreeguys.com and disabilitycanhappen.org An now, on with the post… Those who’ve exhausted their financial options or...Read More
Justia.com Opinion Summary Defendant owned companies forced into Chapter 11 bankruptcy, but was not a debtor in the proceedings. The plan was confirmed and prohibited suits against the bankruptcy professionals and certain litigation against pre-bankruptcy creditors. Years later defendant sued plaintiff, pre-judgment creditors, and the bankruptcy professionals in an Indiana state court, based on Indiana...Read More
7th Circuit Opinion Summaries courtesy of Justia.com United States v. Rogan Bankruptcy, Criminal Law, Government, White Collar Crime River Road Hotel Partners, LLC v. Amalgamated Bank Bankruptcy Bloomfield State Bank v. United States Bankruptcy, Real Estate & Property Law, Tax Law Costello v. Grundon Bankruptcy, Commercial Law, Securities Law CDX Liquidating Trust v. Venrock Assocs.,...Read More
Receive FREE Daily Opinion Summaries by Email Justia.com Opinion Summary: Wisconsin smelting plant owed more than $1.3 million in delinquent utility charges to the local municipal utility when it filed for Chapter 11. Months later, despite the Automatic Stay, a utility company implemented a process pursuant to Wisconsin Statutes and Local Ordinances 66.0809 and 66.0627...Read More
Stern, Executor for Est. of Marshall v. Marshall, Executrix for Est. of Marshall, Supreme Court of United States Decided June 23 Click here to view and download the opinion in .pdf format. The Question: Whether a bankruptcy court judge hadauthority under 28 U. S. C. §157 and Article III of the US Constitution to enter...Read More
Congratulations to Judge Bruce W. Black, who will become Chief Judge of the Bankruptcy Court for the Northern District of Illinois, replacing current Chief Judge Carol Doyle. Chief Judge Black will continue to hear all matters assigned to the Joliet Call on Fridays, which includes cases filed in Will, Grundy, Kendall and LaSalle counties. His...Read More
In re Braden J. Adolph, 09-32836 Issued: January 28, 2011 By: A. Benjamin Goldgar The Issues: The proper use and interpretation of 11 USC 707(a) and (b), the dynamic duo of bankruptcy dismissal. Under consideration is the distinction between dismissal for cause via 707(a) and the presumption of abuse in 707(b). The Upshot: Judge Goldgar...Read More
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