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
The Honorable Mary F. Walrath
Decision in Ultimate Acquisition Grants Motion to Dismiss, But Also Grants Leave to Amend the Preference Complaint
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…
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Thin Margins and “Pink Slime” Are Among Some of the Factors Leading to AFA Foods’ Filing for Bankruptcy in Delaware
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
Auto Dealership Files Bankruptcy Following State Court Verdict
On March 21st, Blue Springs Ford (“Blue Springs”) filed a chapter 11 petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Based in Blue Springs,…
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Decision in AE Liquidation, Inc. Allows Preference Complaint to be Amended After the Expiration of the Statute of Limitations
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
Washington Mutual’s Plan of Reorganization Has Been Confirmed
At approximately 10:15 this morning, Judge Walrath of the Delaware Bankruptcy Court made an oral ruling confirming Washington Mutual’s chapter 11 plan of reorganization.
Over the last three and one-half…
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LSP Energy Files Petitions for Bankruptcy in Delaware
Introduction
On February 10th, electricity operator LSP Energy LP (“LSP”) filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. As stated in…
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Chapter 7 Trustee in ManagedStorage (aka Incentrix Solutions) Files Preference Actions
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…
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Television Station Operator, International Media Group, Files Petitions for Bankruptcy in Delaware
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…
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Stern v. Marshall: Effects on Delaware
On June 23, 2011, the Supreme Court issued a ruling that has sent waves through bankruptcy courts across the nation. Stern v. Marshall, 131 S.Ct. 2594 (2011), is the…
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