Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
We have been getting a number of calls about the American Home Mortgage, Inc. bankruptcy, and since I don’t enjoy giving people bad news, I crafted this post to inform you of the worst of it.
On November 30, 2010, the bankruptcy Plan of American Home Mortgage became effective. The Plan is a thrilling page…
Introduction
Earlier this month, the Official Committee of Unsecured Creditors (the “Committee”) for American Home Mortgage (“AMH”) filed over ninety (90) adversary actions (review one of the Committee’s Complaints here). As reflected in the Complaint, the Committee alleges that various creditors of AMH received preferential and/or fraudulent transfers pursuant to 11 U.S.C. sections 547, 548,…
Earlier this year, the United States Bankruptcy Court for the District of Delaware issued an important decision in American Home Mortgage, Inc. regarding the scope of the recently amended definition of a “repurchase agreement”. Under the Bankruptcy Abuse Prevention Consumer Protection Act of 2005, Congress broadened the Bankruptcy Code’s definition of "repurchase agreement" to include the…
