delaware avoidance action

Bankruptcy Trustee in Eclipse Aviation Files Preference Actions

Jason Cornell
December 01, 2010 01:50

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...

Adversary Actions Filed in MPC Bankruptcy

Jason Cornell
November 06, 2010 15:19

Introduction Recently, over 180 adversary actions were filed in the MPC Computers bankruptcy.  The adversary actions fall generally in to two categories - preference actions filed by MPC's Committee of Unsecured Creditors and breach of contract actions filed by MPC.  This...

Trustee Files More Avoidance Actions in NWL Holdings

Jason Cornell
October 31, 2010 22:22

In August, the Chapter 7 Trustee in the National Wholesale Liquidators ("NWL") bankruptcy filing approximately 90 preference actions.  Just recently,  the Trustee filed over 100 more preference actions in NWL.  In November of 2008, I wrote about the...

Decision in Archway Cookies Grants Summary Judgment Based on Ordinary Course of Business Defense

Jason Cornell
October 04, 2010 17:39

Introduction On September 1, 2010, Judge Christopher S. Sontchi of the United States Bankruptcy Court for the District of Delaware issued a decision finding that the payment practices between a creditor and debtor satisfied the ordinary course of business defense.  Judge Sontchi's...

Liquidating Trustee of Intermet Corporation Files Preference Actions in Delaware

Jason Cornell
August 16, 2010 00:52

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...