Insights from Fox Rothschild's National Bankruptcy Practice
Introduction
Earlier this week, RG Steel Sparrows Point, LLC (“RG Steel”), began filing complaints to avoid and recover what it contends are preferential transfers under sections 547 and 548 of…
Continue Reading Preference Complaints filed in RG Steel Bankruptcy
Introduction
In July of 2011, the Chapter 7 Trustee (the “Trustee”) in the Ultimate Acquisition Partners (formerly “Ultimate Electronics”) bankruptcy began filing complaints to avoid and recover payments which the…
Continue Reading Bankruptcy Trustee in Ultimate Electronics Files More Preference Actions
This week, Edward Gavin, the liquidating trustee (the “Trustee”) for the Ultimate Escapes bankruptcy, filed preference complaints against several defendants. Under the complaints, the Trustee alleges that the defendants received…
Continue Reading Preference Actions Filed in Ultimate Escapes Bankruptcy
We recently finished "A Preference Reference: Common Issues that Arise in Delaware Preference Litigation." Delaware has such a high volume of preference litigation, we thought it might be helpful to…
Continue Reading A Preference Reference: Common Issues That Arise in Delaware Preference Litigation
On August 7, 2009, Meridian Automotive Systems (“Meridian”) filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code. Soon after Meridian filed its petition for…
Continue Reading Trustee in Meridian Automotive Systems Files Preference Complaints
Introduction
Last week, Visteon Corporation began filing preference complaints against hundreds of current and former creditors of the company. This post will look briefly at the nature of Visteon’s business,…
Continue Reading Visteon Corporation Files Preference Actions Against Creditors
Earlier this month, Avidity Partners, LLC (“Avidity”), in its role as claims agent for the bankruptcy estates of AbitibiBowater, Inc., et al. (“Debtors”), began filing avoidance actions against various defendants. …
Continue Reading AbitibiBowater Commences Avoidance Actions
Background
Last month, the Chapter 7 Trustee in the Sunset Aviation bankruptcy began filing preference actions against various defendants seeking the recovery of alleged avoidable transfers. The Sunset Aviation bankruptcy…
Continue Reading Trustee in Sunset Aviation Commences Preference Actions
Introduction
Earlier this month, Qimonda Richmond, LLC and Qimonda North America Corp (collectively, the “Debtors”), filed adversary actions against various defendants in the United States Bankruptcy Court for the District…
Continue Reading Qimonda Richmond and Qimonda North American Filed Preference Actions Against Creditors
Introduction
In December of 2010, the Official Committee of Unsecured Creditors (the “Committee”), in the Precision Parts International (“PPI”) bankruptcy commenced several avoidance actions against various creditors of PPI. As…
Continue Reading Creditors’ Committee in Precision Parts International Bankruptcy Files Avoidance Actions
