On Feb, 28, the Trustee filed a motion for reconsideration, The Trustee recognized that the ultimate effect of the court's order in this case was unlikely to change, but objected to certain aspects of the ruling that he characterized as setting bad precedent on the applicability of the automatic stay, The Trustee argued that a general rule exempting from the automatic stay all proceedings against a debtor in the same bankruptcy court
as the debtor's case would defeat the purpose of the automatic stay in many cases.
In December 2018, Synergy filed a voluntary petition for reorganization under Chapter 11 of the US Code with the US Bankruptcy Court
for the Southern District of New York (the Bankruptcy Court
), under which, Bausch Health signed a definitive agreement to acquire certain assets of Synergy.
" First, the indemnification clause at issue is actually part of the Bankruptcy Court
's Sale Order; second, the facts and circumstances surrounding the shut-down are already the subject of a proceeding before the Bankruptcy Court
; and third, Plaintiffs were purportedly employed by debtor NECCO at the time of the alleged WARN Act violation.
However, the remainder of the second lien commitment agreement and related documents referenced therein remain subject to the ongoing review of the bankruptcy court
. The bankruptcy court
also approved the Company's implementation of the 2018 key employee incentive plan.
In February 2018, the bankruptcy court
revoked the privileges of the Petitioners in this case two individuals and two related business entities to practice before the court for five years.
for the District of Delaware to implement a consensual financial restructuring approved by certain holders of first and second lien term loans.
A bankruptcy creditor, BR North 223, LLC (BR North) contested a Bankruptcy Court
order approving a compromise entered into under Chapter 7 bankruptcy between the bankruptcy trustee (Trustee) and the children of the debtor.
(10) Congress responded by passing a new law creating an Article I bankruptcy court
as a unit within the United States District Courts that would receive cases by referral.
has sought permission from a bankruptcy court
to offer bonuses to employees in key positions in an attempt to stem the steady flow of executives jumping ship, according toAaAeAeA (http://www.wsj.com/articles/american-apparel-asks-bankruptcy-court-to-approve-staff-bonuses-144622824 the Wall Street Journal ,AaAeAeA after the struggling fashion retailer fil for Chapter 11AaAeAeA in Octobe
Wellness sued Sharif in bankruptcy court
, arguing Sharif owned assets that he claimed were held in a family trust, and that those assets should be used to pay off his debts.