Category Archives: Bankruptcy

Bankruptcy

Resolved claims by husband and wife against former partners for their respective partnership interests after husband came out of bankruptcy.

Bankruptcy (Liquidation)

Allegations of production software failure leading to demise of a start-up steel rolling facility.

Bankruptcy

State court litigants filed an involuntary bankruptcy petition against another corporate litigant. Allegations and adversary proceedings involving fraudulent transfers and breaches of fiduciary. The Trustee sought approval for a settlement, which the court after hearing, denied. All of the issues were then mediated, resulting in a global settlement which all parties agreed to support and […]

Bankruptcy

The Chapter 11 Debtor brought eight or more adversary proceedings against various individuals and entities who allegedly received fraudulent transfers from the debtor corporation or its former officer and director. An action was also maintained against the corporation’s accountants. The various defendants alleged that the transfers were loans to officers, banned by laches and applicable […]

Bankruptcy

Adversary proceeding in which Trustee brought action for equitable subordination, to recover preferential transfer for benefit of creditors and for recovery of post-petition transfers. The Debtor brought action to recover accounts receivable and other assets as secured creditor. Issues included whether cash infusions were loans to capital.

Bankruptcy

Trustees in two of the bankruptcies had filed adversary proceedings against the former accountants and lawyers of the former CEO of the bankrupt companies, alleging RICO violations. Suits were also filed against numerous entities allegedly related to the former CEO, alleging conspiracy to defraud creditors. Counterclaims were filed personally against the Trustee for breach of […]

Bankruptcy

Appointed by Federal Bankruptcy Judge to mediate global settlement of three interrelated bankruptcies and numerous adversary proceedings involving over forty persons or entities.

Bankruptcy

Dispute among banks regarding priority of rights on property put up as collateral on multiple loans by bankrupt fraudulent borrower.

Bankruptcy

State court litigants filed an involuntary bankruptcy petition against another corporate litigant. Allegations and adversary proceedings involving fraudulent transfers and breaches of fiduciary. The Trustee sought approval for a settlement, which the court after hearing, denied. All of the issues were then mediated, resulting in a global settlement which all parties agreed to support and […]