Preference Actions: How Small is Too Small for the ‘Home Court’ Advantage?
A Bankruptcy trustee’s ability to recover “preferential transfers” from a pre-petition debtor’s creditors is one of the most difficult for a creditor to understand and accept. A large body of law has...
View ArticleMaking Off With a Dissolving Law Firm’s Family Jewels.
In Springtime a Trustee’s thoughts turn to avoidance and recovery actions. The prominent implosion of Dewey & LeBouef brings to mind the recent settlement in the Thelen LLP chapter 7 case in the...
View ArticleThe Arm that ‘Reaches Back’, May Also Slap Down
When it comes to preferences, most practitioners are well aware of the 90 day and 12 month “reach-back” periods, during which a trustee may look to avoid, and recover the proceeds of, preferential...
View ArticleDynegy Parent Forced Into Bankruptcy
Seven months and one scathing bankruptcy examiner’s report after the highly controversial bankruptcy filing of Dynegy Holdings, LLC, Dynegy, Inc. has finally been forced into bankruptcy. The Dynegy...
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