In a recent opinion, In re Pack Liquidating, LLC (Pack Liquidating), the U.S. Bankruptcy Court for the District of Delaware held that under Official Committee of Unsecured Creditors of Cybergenics Corp. v. Chinery...more
4/11/2024
/ Aiding and Abetting ,
Bad Faith ,
Bankruptcy Court ,
Breach of Duty ,
Commercial Bankruptcy ,
Creditor's Committee ,
Creditors ,
DE Supreme Court ,
Delaware Limited Liability Company Act ,
Derivative Suit ,
Duty of Care ,
Duty of Loyalty ,
Limited Liability Company (LLC) ,
Liquidation ,
Preemption ,
Standing ,
Unjust Enrichment ,
Unsecured Debt
Bankruptcy Code Section 365(d)(5) provides personal property lessors with important rights concerning lease payments that come due after a lessee commences a U.S. bankruptcy proceeding. Generally, that section requires that...more
The U.S. Small Business Administration's (SBA) official form in effect since April 3, 2020, and its more recent interim final rules prohibit a debtor in bankruptcy that otherwise qualifies from being granted a loan under the...more
A California District Court recently held that a bankruptcy trustee could not claim a property interest in the hourly fee matters pending at the now-dissolved Heller Ehrman LLP law firm. This June California decision was...more