In his decision, the federal bankruptcy judge cited litigation over the creditors’ claims on the defunct investment vehicle, calling it a “bona fide dispute.”
In re Clean Burn Fuels LLC (Bankr. M.D.N.C.)
OPINION ? Perdue supplied corn to debtor’s ethanol plant. The trustee claimed all corn housed at the plant as property of the estate. Perdue claimed to own the corn until it crossed a weighbelt, but the court ruled that corn stored in debtor’s bins was property of the estate, with Perdue retaining an unperfected security interest that could be avoided by the trustee.
Crawford v. LVNV Funding LLC (M.D. Ala.)
MEMORANDUM OPINION AND ORDER - Filing a proof of claim is not the same thing as attempting to collect a debt. Claim is not a violation of the Fair Debt Collection Practices Act even if claim is barred by statute of limitations.
Abreu v. Zale Corp. (N.D. Tex.)
MEMORANDUM OPINION AND ORDER - Since debtor failed to disclose her claim for unpaid overtime in bankruptcy schedules, defendant was awarded judgment on the pleadings.
The joint venture between PPG Industries Inc and Corning Inc, received interim court approval of its plan of reorganization 13 years after filing for bankruptcy amid a wave of asbestos-related personal injury claims.
Carol Sue Nelson, a Birmingham lawyer with Maynard, Cooper & Gale, was approved as county attorney by a vote of 3-2 and is scheduled to start the new job on June 3.
The city's bondholders face a heightened chance of default or bankruptcy under a plan released by a state-appointed emergency manager running the city, the ratings agency said.
The Chinese solar panel maker, whose main unit is in insolvency proceedings, said it reached an agreement with some lenders to further defer its loan obligations.
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