Asset Sales

2021 Asset Sale of the Year Awarded to In re Lighthouse Resources, Inc.

On April 29, 2022, the ABI Asset Sales Committee announced that the 2021 Asset Sale of the Year was awarded to In re Lighthouse Resources, Inc., et al. (Bankr. D. Del. Consol. Case No. 20-bk-13056- JTD), for the sale of its Wyoming real property assets. The Asset Sales Committee received many nominations and selected a winner based on the following criteria (dollar amount not being a factor):

Co-Chairs Corner

We hope this newsletter finds you well. We welcome our new members and look forward to seeing all of you at our upcoming events.

The Bankruptcy Code Doesn’t Invalidate Transfer Restrictions in an Operating Agreement

The transfer restrictions in an LLC’s operating agreement are enforceable in a bankruptcy sale, the Tenth Circuit BAP says.

Monetizing Soft Assets: Lessons for Trustees and Bankruptcy Lawyers

Domestic Asset-Protection Trusts: The Basics for Bankruptcy Professionals

International Asset-Protection Trusts: Fish or Fowl?

How Fulton May Change Practice

Chapter 7 Estate Takes Post-Petition Appreciation on Conversion from Chapter 13

Joining the ‘slight minority,’ Judge Fenimore rules that post-petition appreciation in the value of a homestead goes to the chapter 7 estate when the chapter 13 case converts.