A bankruptcy judge in New Jersey holds that it’s enough to file a notice of intention to assume before the automatic lease rejection deadline

Concurrent representation of a 43% shareholder was disqualifying while representing a creditor with 79% of the debt did not disqualify.

Bound by the Third Circuit’s first LTL decision, the bankruptcy court found that LTL’s rejiggered second filing suffered from the same defect: no immediate financial distress.

The bankruptcy judge only gave nondebtor J&J companies a more limited stay in the second LTL chapter 11 case.

In spreading the automatic stay, the bankruptcy court again employed the traditional analysis without recognition that the non-debtors are solvent.

Judge in New Jersey explains why chapter 11 is the best alternative for a large company to deal with mass torts.

Decisions by the U.S. Trustee are subject to judicial review, Judge Kaplan says.

New Jersey judge says that professionals may not be able to limit liability when malpractice is more than mere negligence.

Conversely, giving notice to a creditor’s state-court counsel may not be adequate, New Jersey judge says.