April 21, 2022
Fifth Circuit Majority Bars Reforming Mortgages in Bankruptcy
In a nonprecedential opinion, the Fifth Circuit suggests that a mortgage that could be reformed in state court cannot be reformed in bankruptcy.
5th CircuitMarch 18, 2022
Second Circuit Holds that Debtors Are Properly Barred from Receiving PPP Loans
The first court of appeals to reach the issue decides that the SBA properly interpreted the CARES Act to bar chapter 11 debtors from receiving PPP ‘loans.’
2nd CircuitDecember 28, 2021
Delaware Judge Issues Comprehensive Opinion on Makewholes and Unmatured Interest
Split grows on allowance of makewholes and what constitutes disallowed, unmatured interest.
3rd Circuit, DelawareNovember 03, 2021
Eleventh Circuit Says Section 363(m) Even Moots Appeals Not Properly Authorized
In a concurrence, Circuit Judge Jordan questions whether rollups are permitted under Eleventh Circuit authority.
11th CircuitOctober 18, 2021
Lender Was Lucky to Recover Anything on an Unauthorized $5.2 Million Loan
The bankruptcy court was accorded wide discretion in deciding how to treat a $5.2 million loan that was neither disclosed to nor approved by the bankruptcy court.
11th Circuit, Georgia, Georgia Northern DistrictSeptember 15, 2021
Appeal from a ‘PPP’ Loan Dismissed as Equitably Moot
Would Section 364(c) validate a “PPP” loan even if an order compelling the SBA to make the loan was reversed on appeal?
9th Circuit, ArizonaAugust 20, 2021
A Lender Is Entitled to Demand a Change in Management, Fifth Circuit Says
It isn’t duress when a lender threatens to take action that the loan agreement allows, the circuit court says.
5th CircuitAugust 16, 2021
A Trustee Can’t Always Avoid and Preserve an Unrecorded Mortgage for the Estate
Here’s an example of how state law prevents bankruptcy law from being uniform throughout the U.S.
1st CircuitMay 11, 2021
Jevic Rises from the Dead to Bar Claims Brought Originally by the Creditors’ Committee
Not having challenged pre-petition liens on time, a chapter 7 trustee was barred from taking over an adversary proceeding initiated by a now-dissolved chapter 11 creditors’ committee.
3rd Circuit, DelawareFebruary 08, 2021
Texas Legislature Didn’t Succeed in Giving Lien Priority to Oil and Gas Producers
Fifth Circuit says that Oklahoma protected that state’s oil and gas producers while Texas didn’t.
5th Circuit