Liens Against Pledged Revenues Did Not Attach Post-Petition
The bankruptcy judge presiding over the City of Chester’s Chapter 9 reorganization proceeding recently issued an important opinion related...
Credit Bid Improperly Denied by Auction Company
One of the most important protections that the Bankruptcy Code provides to secured creditors in the context of a sale of collateral is the right to bid...
Judge González (Bankr. D.P.R.) Denies Debtor’s Request to Use Cash Generated by Post-petition Rent
Generated by Post-petition Rent A recent bankruptcy decision out of the District of Puerto Rico shows just how hard it is to reorganize for a debtor...
Liens Against Pledged Revenues Did Not Attach Post-Petition The Creditor Defendants’ security interests in the Pledged Revenues are properly
The Creditor Defendants’ security interests in the Pledged Revenues are properly perfected under Pennsylvania law The Creditor Defendants hold...
Lender’s Security Interest Did Not Attach to Settlement Proceeds Due to Absence of Specific Identification A security interest in substantially all
Absence of Specific Identification A security interest in substantially all of the debtor’s assets.
Automatic Stay Does Not Apply to Dispute Regarding Ownership of Debtor’s Crop Proceeds
Crop Proceeds The U.S. District Court for the Eastern District of Arkansas declined to stay a case which seeks to establish the ownership...
Municipal Revenue Bond Holders Suffer Another Legal Setback
Revenue bonds depend on the revenue from a specific project or source, not the full taxing power of the issuer.
Subchapter V Case Converted to Chapter 7 For Inability to Propose Confirmable Plan After Blanket Security Interest Dooms Reorganization Efforts
Confirmable Plan After Blanket Security Interest Dooms Reorganization Efforts A small business reorganization was converted into a liquidation under...
Bankruptcy Court Holds That a Lien Constituted Under the Puerto Rico Condominium Act for an Apartment Owner’s Liability for Common Expenses Is Not
Condominium Act for an Apartment Owner’s Liability for Common Expenses Is Not a Security Interest Until Registered Judge Enrique S. Lamoutte of the U.S.
Small Business Reorganization Converted to Liquidation After Blanket Security Interest Dooms Restructuring Efforts A Subchapter V case was converted
Security Interest Dooms Restructuring Efforts A Subchapter V case was converted to Chapter 7 after a bankruptcy judge found that the debtor could not...