Bankruptcy Preference Creditor's DigestBankruptcy Preference Creditor's Digest

Liquidating Trustee Starts AES Eastern Energy, L.P. Bankruptcy Preference Adversary Proceedings

burbageweddell — Mon, 10 Jun 2013 20:51:48 +0000

On on June 7, 2013, Eugene I. Davis Liquidating Trustee in the AES Eastern Energy, L.P. Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation in the District of Delaware. At least the initial round of preference complaints mostly targeted small to mid market suppliers with preference claims amounts heavily concentrated in the low to [...]

The post Liquidating Trustee Starts AES Eastern Energy, L.P. Bankruptcy Preference Adversary Proceedings appeared first on Bankruptcy Preference Creditor's Digest.

Motion to Dismiss Response – Debtor Could not Release What It Did Not Own

burbageweddell — Thu, 09 May 2013 17:45:12 +0000

Plaintiff’s Answering Brief in Opposition to Defendant’s Motion to Dismiss filed in the Evergreen Solar, Inc. Bankruptcy – U.S. Bank National Association, v. Massachusetts Development Finance Agency (In re Evergreen Solar, Inc.), AP No. 13-50905 Dkt.No. 7 (Bankr. D. Del May 8, 2013 ) before U.S. Bankruptcy Judge Mary F. Walrath filed by ASK [...]

The post Motion to Dismiss Response – Debtor Could not Release What It Did Not Own appeared first on Bankruptcy Preference Creditor's Digest.

When a Chapter 7 Trustee’s Failure to Plead a Preference Reaches Inexplicability

burbageweddell — Wed, 08 May 2013 20:53:43 +0000

In a rare motion practice loss for a Chapter 7 Trustee, District of Delaware Bankruptcy Judge Brendan Linehan Shannon grants the motion of Defendant International Securities Exchange (“ISE”) to dismiss a bankruptcy preference avoidance complaint for failure to state a claim for relief. Judge Shannon holds that the Chapter 7 trustee’s Section 547 preferential [...]

The post When a Chapter 7 Trustee’s Failure to Plead a Preference Reaches Inexplicability appeared first on Bankruptcy Preference Creditor's Digest.

RG Steel Warren Starts WP Steel Venture LLC Bankruptcy Preference Recovery

burbageweddell — Sun, 20 Jan 2013 02:31:00 +0000

On January 18, 2013, RG Steel Warren, LLC, Debtor in Possession in the WP Steel Venture LLC Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation with the filing of 137 complaints in the District of Delaware . These complaints are in addition to the 287 preference complaints already filed by co-debtor RG Steel Sparrows Point [...]

The post RG Steel Warren Starts WP Steel Venture LLC Bankruptcy Preference Recovery appeared first on Bankruptcy Preference Creditor's Digest.

RG Steel Sparrows Point Starts WP Steel Venture LLC Bankruptcy Preference Recovery

burbageweddell — Mon, 14 Jan 2013 04:39:22 +0000

On from January 7 to January 9, 2013, RG Steel Sparrows Point, LLC, Debtor in Possession in the WP Steel Venture LLC Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation with the filing of 287 complaints in the District of Delaware . This plaintiff/debtor in possession has tapped a honey hole of preference claims totaling, [...]

The post RG Steel Sparrows Point Starts WP Steel Venture LLC Bankruptcy Preference Recovery appeared first on Bankruptcy Preference Creditor's Digest.

Liquidating Trustee of the Borders Liquidating Trust Starts Bankruptcy Preference Adversary Proceedings

burbageweddell — Fri, 04 Jan 2013 22:01:18 +0000

On January 3, 2013, Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust in the Borders Group, Inc. Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation in the Southern District of New York (Manhattan). Related Materials: For an analysis of the potential for preference claims and targets click this link. Registered [...]

The post Liquidating Trustee of the Borders Liquidating Trust Starts Bankruptcy Preference Adversary Proceedings appeared first on Bankruptcy Preference Creditor's Digest.

Chapter 7 Trustee Starts Conex International Bankruptcy Preference Adversary Proceedings

burbageweddell — Thu, 06 Dec 2012 16:22:30 +0000

On on December 5, 2012, Charles A. Stanziale, Jr., Chapter 7 Trustee in the Conex Holdings, LLC Bankruptcy, commenced mass Chapter 5 preferential transfer recovery litigation in the Bankruptcy Court for the District of Delaware. The Debtors bankruptcy case was commenced by the filing of an involuntary petition by three secured creditors, and trade creditors [...]

The post Chapter 7 Trustee Starts Conex International Bankruptcy Preference Adversary Proceedings appeared first on Bankruptcy Preference Creditor's Digest.

Palm Harbor Liquidating Trust Bankruptcy Preference Proceedings

burbageweddell — Wed, 28 Nov 2012 21:47:50 +0000

On November 26, 2012, Brian Cejka, Trustee of the Palm Harbor Liquidating Trust in the Palm Harbor Homes, Inc. n/k/a PHH Co., Inc. Bankruptcy, commenced Section 547 preferential transfer recovery litigation in the District of Delaware. The associated debtors were manufacturers and marketers of factory-built homes. Operations were disbursed nationwide and vertically integrated. As a result, [...]

The post Palm Harbor Liquidating Trust Starts Bankruptcy Preference Adversary Proceedings appeared first on Bankruptcy Preference Creditor's Digest.

Vertis, Inc. Bankruptcy – 30 Largest Unsecured Creditors

burbageweddell — Fri, 12 Oct 2012 03:29:08 +0000

Vertis Holdings, Inc. and 7 associated debtorsFN1 (the “Debtors”) filed voluntary petitions under Chapter 11 of the Bankruptcy Code on October 10, 2012 in the Bankruptcy Court for the District of Delaware (Case No. 12-12821). The Honorable Judge Christopher S. Sontchi has been assigned to the case. This initial note provides the Debtors’ consolidated list [...]

The post Vertis, Inc. Bankruptcy – 30 Largest Unsecured Creditors appeared first on Bankruptcy Preference Creditor's Digest.

Chapter 7 Trustee Starts Tana Seybert LLC Bankruptcy Preference Adversary Proceedings

JSBurbage — Tue, 15 May 2012 18:35:05 +0000

On from May 11, 2012 to May 12, 2014, Robert L. Geltzer, as Chapter 7 Trustee in the Tana Seybert LLC Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation with the filing of 52 complaints in the Southern District of New York. Related Materials: Registered users can click here to see the full APScans Report for [...]

The post Chapter 7 Trustee Starts Tana Seybert LLC Bankruptcy Preference Adversary Proceedings appeared first on Bankruptcy Preference Creditor's Digest.