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.
     

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.
     

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.
     

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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