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New Cases For the Week of February 12, 2007 - February 16, 2007
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Click here to search prior New Opinion summaries.
February 15 , 2007 |
Case |
Court |
Holding |
In re: MS55, Inc.
(DBN Subscription Required) |
10th Cir. |
A trustee is barred under the circumstances from bringing a derivative claim on behalf of a creditors' committee after conversion to Chapter 7. |
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February 14 , 2007 |
Case |
Court |
Holding |
In re Prudential of Florida Leasing, Inc.,
(DBN Subscription Required) |
11th Cir. |
The "rule of single satisfaction" embodied in 11 USC 550(d), requires a bankruptcy court to conceptually allocate prior settlements to future liabilities rather than to apply any contrary State law of allocation. |
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February 13 , 2007 |
Case |
Court |
Holding |
In re Riazuddin
(DBN Subscription Required) |
10th Cir. BAP |
A defendant in a lawsuit lacks standing with respect to a bankruptcy court's decision whether to reopen a case to address issues with respect to the lawsuit.
The bankruptcy court abused its discretion in refusing, under the doctrine of judicial estoppel, to reopen a case to administer an unscheduled personal injury claim. |
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