Law students know that they do not live in Lake Wobegon and they know that they cannot all be above average. However, most of the law students who are in the top half of their class (or near) do hope…
Selected Cases On Claims Designation And Voting Rights In Chapter 11 Reorganizations
Two recent cases highlight reluctance by bankruptcy courts to designate claims of creditors who are on friendly terms with Chapter 11 debtors. Bankruptcy Court in Southern District of Ohio Declines to Designate Claims of Friendly Creditor In a case in…
Creditors Risk Equitable Adjustment of Claims if Overly Involved in Debtor’s Business Affairs
The court in In re Aida’s Paradise, LLC, 485 B.R. 806 (2013) has warned lenders not to become overly involved in a debtor’s business affairs, even if all of its actions are legally permissible. The court cited the Eastern District…