Delaware creditors rights attorney

Introduction

On August 4, Judge Mary F. Walrath issued an opinion in the Eclipse Aviation bankruptcy that discusses the scope of the Court’s subject matter jurisdiction.  This issue – the subject matter jurisdiction of the bankruptcy courts – comes up less frequently in decisions than issues such as plan confirmation, relief from stay or avoidance

Introduction

Earlier this month, the Liquidating Trustee in the Intermet bankruptcy filed preference actions against various defendants.  This post will look at the nature of Intermet’s business, why the company filed for bankruptcy and the circumstances behind the formation of the Liquidating Trust that is pursuing the preference actions.

As I often do on this

Earlier this month, Bettina M. Whyte, the SemGroup Litigation Trustee (the “Trustee”) filed approximately 350 adversary actions against various creditors in the SemCrude bankruptcy.  The majority of the adversary actions are preference actions under 11 U.S.C. section 547 of the United States Bankruptcy Code.  Some of the adversary actions, however, allege defendants received fraudulent transfers

Introduction

North American Petroleum Corp (“North American”) filed for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware on May 26, 2010.  According to North American’s Declaration in Support of First Day Motions (the “Declaration“),  the company describes itself as an “exploration and production company which predominantly engages in

Regent Communications, a radio broadcasting company that operates 62 stations throughout the U.S., filed chapter 11 bankruptcy petitions in the Delaware Bankruptcy Court on March 1, 2010.  According to documents filed in support of Regent’s bankruptcy petitions, the company enters bankruptcy with a pre-bankruptcy restructuring agreement that is supported by a large majority of Regent’s