In November, Jeoffrey Burtch, the Chapter 7 Trustee in the AE Liquidation bankruptcy (formerly “Eclipse Aviation”), began filing preference actions against various creditors of Eclipse. Eclipse Aviation began as a New Mexico manufacturer of small jet aircraft. The company filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on November
Eclipse Aviation bankruptcy
Decision in Eclipse Aviation Addresses Subject Matter Jurisdiction of the Bankruptcy Court
By Fox Rothschild LLP on
Posted in Bankruptcy Law Basics
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…
Small Jet Manufacturer, Eclipse Aviation, Files for Bankruptcy
By Fox Rothschild LLP on
Posted in Bankruptcy Case Summaries
Eclipse Aviation, the New Mexico manufacturer of small jet aircraft, filed for bankruptcy in Delaware on November 25, 2008. As stated in the Affidavit in Support of Eclipse’s Bankruptcy Motions, Eclipse was started 10 years as a manufacturer of aircraft ideal for individual pilots, small companies seeking corporate aircraft and air taxi services serving smaller hubs. In order to produce affordable aircraft, Eclipse created a "manufacturing strategy" based upon low production costs and high volume. …
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