New Cases For the Week of September 20, 2004 -
September 24, 2004
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September 24, 2004 |
Case |
Court |
Holding |
In re Meyer Medical Physicians Group, Ltd.
(DBN Subscription Required) |
7th Cir. |
A setoff will not be denied under equitable principles merely because the nondebtor counterparty knew the debtor was distressed or because the setoff will result in unequal distributions to creditors. |
In re Cornwell
(DBN Subscription Required) |
5th Cir. |
In a nondischargeability proceeding, the bankruptcy ocurt did not err in giving issue preclusive effect to a prior federal district court post-answer default judgment entered against the debtor for discovery abuse. |
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September 22, 2004 |
Case |
Court |
Holding |
In re ProAlert, LLC
(DBN Subscription Required) |
9th Cir. BAP |
A bankruptcy court may allow the use of cash collateral pursuant to § 363 (2) in a chapter 11 case without considering whether the requirements for a § 506(c) surcharge were met. |
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September 21, 2004 |
Case |
Court |
Holding |
In re Integrated Telecom Expresss, Inc.
(DBN Subscription Required) |
3rd Cir. |
The bankruptcy court erred in failing to dismiss for bad faith a bankruptcy case filed by a financially healthy debtor, with
no intention of reorganizing or liquidating
as a going concern, with no reasonable
expectation that Chapter 11 proceedings
will maximize the value of the debtor’s
estate for creditors, and solely to take
advantage of a provision in the Bankruptcy
Code that limits claims on long-term
leases, |
In re Allegheny Health, Education and Research Foundation
(DBN Subscription Required) |
3rd Cir. |
Where no cure was due on acocunt of accrued sick leave under a CBA, but the APA and sale order provided that a buyer assuming the APA and other contracts did not assume liabilities of the debtor accruing before the closing date, the buyer was not responsible for pre-closing accrued sick leave, even though contracts shoud ordinarily be assumed cum onere. |
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September 20, 2004 |
Case |
Court |
Holding |
In re Powell
(DBN Subscription Required) |
Bankr. N.D. Tx. |
A Chapter 13 debtor does not need court
authorization to employ an attorney. |
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