The Honorable Mary F. Walrath

On May 8, 2012, the U.S. Bankruptcy Court for the District of Delaware (the “Court”) entered its Order (the “Order”) Establishing Procedures to Assert Claims Arising under Section 503(b)(9) of
Continue Reading Notice: Order in AFA Investment, Inc. Has Substantial Effect on Creditors — Guest Post Written by Jay Strock

Summary

In a straight-forward 9 page decision signed May 1, 2012, Judge Walrath of the Delaware Bankruptcy Court granted a defendant’s motion to dismiss a preference complaint, but granted the
Continue Reading Decision in Ultimate Acquisition Grants Motion to Dismiss, But Also Grants Leave to Amend the Preference Complaint

Introduction

On April 2, 2012, AFA Foods, Inc., and certain of its affiliates (collectively, “AFA”), filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. 
Continue Reading Thin Margins and “Pink Slime” Are Among Some of the Factors Leading to AFA Foods’ Filing for Bankruptcy in Delaware

Summary

In an 8 page decision signed January 6, 2012, Judge Walrath of the Delaware Bankruptcy Court allowed a plaintiff to amend a preference complaint to include additional transfers, even
Continue Reading Decision in AE Liquidation, Inc. Allows Preference Complaint to be Amended After the Expiration of the Statute of Limitations

Introduction

In January, Jeoffrey L. Burtch, the Chapter 7 Trustee (the “Trustee”) in the ManagedStorage bankruptcy proceeding, commenced adversary proceedings in the Delaware Bankruptcy Court against various defendants.  As alleged
Continue Reading Chapter 7 Trustee in ManagedStorage (aka Incentrix Solutions) Files Preference Actions

Introduction

Earlier this month, International Media Group and various of its affiliates (the “Debtors”), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of
Continue Reading Television Station Operator, International Media Group, Files Petitions for Bankruptcy in Delaware