Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Introduction
Charles A. Stanziale, Jr., is on a roll, filing preference actions in a number of cases within the Delaware Bankruptcy Court this month. As the Chapter 7 Trustee (the “Trustee”) for the bankruptcy estate of EP Liquidation, LLC f/k/a Equinox Payments, LLC (the “Debtor”), he filed approximately 37 complaints to recover what he contends…
On February 17, 2016, the Bankruptcy Court published a notification that Judge Christopher S. Sontchi is seeking feedback from the bar on his performance. As of March 1, 2016, the notice is still available on the website for the Delaware Bankruptcy Court: http://www.deb.uscourts.gov/news/survey-judge-christopher-s-sontchi.
According to the notice, Judge Sontchi wants to assess his level…
On February 2, 2016, Hancock Fabrics, Inc. and 6 affiliates filed for relief under chapter 11 of the Bankruptcy Code. The cases are jointly administered under Case Number 16-10296 and presided over by Judge Shannon. The first day hearing was held on February 3, 2016. The second day hearing is scheduled for February 22, 2016…
In a 5 page opinion released January 21, 2016 in the Trump Entertainment Resorts case (Bank. D. Del. 14-12103), Judge Kevin Gross of the Delaware Bankruptcy Court denied the motion of Unite Here Health (“UHH”), the health care provider to employees who were members of union, Unite Here Local 54 (the “Union”). Judge Gross’s opinion…
On November 10, 2015, Millennium Lab Holdings and 2 affiliates filed for relief under chapter 11 of the Bankruptcy Code. The cases are jointly administered under Case Number 15-12284 and presided over by Judge Silverstein. The first day hearing was held on November 12, 2015. The second day hearing is scheduled for December 10, 2015…
On October 14, 2015, Affirmative Insurance Holdings, Inc. and 7 affiliates filed for relief under chapter 11 of the Bankruptcy Code. The cases are jointly administered under Case Number 15-12136 and presided over by Judge Christopher S. Sontchi. The first day hearing was held on October 19, 2015. The second day hearing is scheduled for…
On September 29, 2015, Judge Laurie Selber Silverstein of the Delaware Bankruptcy Court ruled on the objection of a distribution trustee to payment of the bankruptcy debtor’s investment banker. This opinion caught my eye as it is unusual for objections to fee applications to merit written opinions. The “Opinion” is available here.
In this case,…
From October 1, 2015 through October 31, 2015, the United States Bankruptcy Court for the District of Delaware will be instituting its annual process to review and consider comments to the Local Rules. Per the Court’s announcement, all comments received will be discussed by the Local Rules Committee to ascertain if there will…
In the Boomerang Systems, Inc. bankruptcy proceeding (Delaware Bankruptcy Case No. 15-11729), a formation meeting has been scheduled for Thursday, August 27, 2015 at 10:00 a.m. (ET) at the J. Caleb Boggs Federal Building, 844 King Street, Room 2112, Wilmington, DE 19801. Click Here for a copy of the Notice of Formation Meeting for Official…
Summary
In a 12 page decision released June 2, 2015, Judge Gross of the Delaware Bankruptcy Court gives us our first Delaware specific insight into how the U.S. Supreme Court’s Wellness opinion will be interpreted. Judge Gross’ opinion is available here (the “Opinion”). The Opinion was issued in the adversary proceeding SNMP Research Int’l. v.…
