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Tag Archives: Bankruptcy

Order of sale of property approved assumption of lease for that property (access required)

Where an order of sale approved a purchase agreement for debtors to sell certain property, and the agreement provided that the lease for the property would be transferred to the buyer pursuant to assumption and assignment and the debtors would ...

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$2.1 million recovered under avoidable transfer theory (access required)

A subcontractor that provided equipment, and received over $2.1 million in exchange, lost its attempt to keep those funds after the court agreed the money was paid as an avoidable transfer. Background Clark Construction Group LLC subcontracted work on a ...

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Debt may be dischargeable under collateral estoppel (access required)

A debtor might be able to discharge a $20 million plus judgment through a Chapter 7 bankruptcy. The district court found the debt nondischargeable under principles of collateral estoppel, reasoning that, because the debtor was found liable for misappropriating trade ...

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