May 01, 2019
Even if a debtor has committed fraud, at least three creditors still must join an involuntary petition if the debtor has 12 or more creditors.
1st Circuit
March 29, 2019
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
1st Circuit
March 28, 2019
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
1st Circuit
March 25, 2019
First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.
1st Circuit
February 18, 2019
The appeals court is attempting to avoid chaos despite ruling that the appointment of Puerto Rico Oversight Board members violated the Appointments Clause of the Constitution.
1st Circuit
February 01, 2019
First Circuit reverses, upholding the validity of bondholders’ security interests in $2.9 billion of collateral.
1st Circuit
December 14, 2018
In the first opinion at the circuit level, the First Circuit latches onto the lousy drafting of Section 362(c)(3)(A) to end the automatic stay entirely, 30 days after the second filing within a year.
1st Circuit
October 15, 2018
Section 1322(c) allows a debtor to cure a mortgage default so long as the foreclosure deed was not recorded before bankruptcy.
1st Circuit, New Hampshire
September 24, 2018
Courts split on allowing compensation to a chapter 7 trustee when the case is converted to chapter 13 before distributions were made.
1st Circuit, Massachusetts
September 07, 2018
Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.
1st Circuit, Puerto Rico
