A district court judge in the Middle District of Pennsylvania recently vacated a bankruptcy court’s decision allowing rejection of an oil and gas lease under section 365 of the Bankruptcy Code.
Consumer Credit Counseling Services of Nebraska (CCCSN) closed its doors this year.
At a hearing in late August, Judge Robert Gerber expressed his annoyance with both sides in the ongoing battle to determine whether General Motors LLC (“New GM”), the entity formed in 2009 to acquire the assets of General Motors Corporation (“Old GM”), is shielded from lawsuits based on ignition switch defects in cars manufactured prior to New GM’s acquisition of the assets of Old GM in 2009.
Earlier this month the Supreme Court granted certiorari to hear the Fifth Circuit case Husky International Electronics, Inc. v. Ritz, which originated in the United States Bankruptcy Court for the Southern District of Texas.
The directors of the failed courier company City Link had a good reason to celebrate this weekend after the dismissal of criminal charges brought against them for failing to notify the Department for Business, Innovation and Skills (“BIS”) of their intention to make City Link’s circa 2,500 employees redundant last Christmas.
A receiver is a person or entity that has been charged with custodial responsibility for the property of others.
What is the most effective solution to a serious debt problem?
The General Motors chapter 11 case continues to produce interesting decisions on a variety of bankruptcy issues.
The Florida Banking Law Blog has stressed that Florida courts are quick to render judgments in favor of borrowers in foreclosure actions based on lenders’ lack of standing.