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Tag Archives: Judge Keith L. Phillips

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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Landlord can’t prevent assignment of commercial lease (access required)

The commercial property landlord failed to persuade the bankruptcy court that assigning the debtor’s lease to a new tenant was prohibited by the Bankruptcy Code, provisions in the debtor’s lease or provisions in other tenant’s leases. Background Before the court ...

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‘Arrogant defiance’ (access required)

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Struggling con­sumers in­creasingly are seeking finan­cial help from online lenders, but consumer lawyers warn the relief may be only temporary. High interest rates and fees, levied through relentless bank with­drawals, sometimes bring consumers to the bankruptcy they hoped to avoid, ...

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Bankruptcy haven (access required)

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Good judges, good law­yers and a well-oiled legal system are prov­ing to be an attractive combination at the U.S. Bankrupt­cy Court in Richmond. Struggling corporations seeking sanc­tuary from creditors are coming to Rich­mond in greater numbers these days, passing by ...

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