The insured’s bankruptcy can allow other claimants to recover a preference from one claimant who drew down the policy limit.

Even if an appeal is equitably moot, the appellate court nonetheless has appellate jurisdiction. Equitable mootness is prudential, not jurisdictional.

The Fifth Circuit said in dicta that courts might apply the ‘functional approach’ rather than the Countryman test in deciding whether a triangular contract is executory.

Appeals court holds that a specific request from the debtor isn’t required to justify allowance of an ‘admin’ claim.

A ‘no harm, no foul’ stay violation is harmless error.