Unsecured Trade Creditors Committee

Committees

Post date: Monday, June 22, 2015

TransVantage Solutions Inc., a New Jersey-based corporation founded in 1964, provided freight audit and payment services to its customers. Its core business involved three parties and actions: A shipper or common carrier issued an invoice to a customer; the customer advanced money to TransVantage; and TransVantage reviewed the freight charges for accuracy and, when everything was in order, paid the carrier or shipper with the funds that had been entrusted to it.

Post date: Tuesday, March 17, 2015

When a business is in financial distress, the breaking point sometimes comes with little or no warning. An event such as a termination of funding, the falling through of a crucial transaction, or the loss of a key customer can be difficult to predict, and may result in a distressed business being forced to cease operations abruptly, without providing its workers with the advance notice required under the Federal WARN Act.[1]

Post date: Tuesday, March 17, 2015
Photo of Fouad Kurdi
Fouad Kurdi

In In re Emoral, Inc.,[1] the Third Circuit held that personal-injury causes of action arising from the alleged wrongful conduct of the debtor corporation, asserted against a third-party non-debtor corporation on a theory of successor liability under state law, were generalized claims constituting property of the bankruptcy es

Post date: Tuesday, March 17, 2015
Photo of Joseph L. Steinfeld, Jr.
Joseph L. Steinfeld, Jr.

Consider the following situation: A debtor owes you $1 million, and you find out that the debtor has transferred its assets to a third party without receiving reasonably equivalent value and is now unable to pay its debt to you.

Post date: Friday, November 07, 2014
Photo of Joseph L. Steinfeld, Jr.
Joseph L. Steinfeld, Jr.

Consider the following scenario: A financially struggling consumer borrows cash from a friend and deposits the cash into his bank account. He uses this cash to make a purchase at a retail store and later pays his friend back. Subsequently, he files for bankruptcy.

Post date: Friday, October 10, 2014

A Federal Rule of Bankruptcy Procedure 2004 examination is commonly referred to as a “fishing expedition”[1] into a debtor’s financial affairs. Debtors, trustees and creditors routinely use Rule 2004 exams to investigate an examinee’s financial affairs with very little interference by bankruptcy courts or discovery rule limitations.

Post date: Monday, September 15, 2014
Photo of Brent Weisenberg
Brent Weisenberg

Editor's Note - The Unsecured Trade Creditor's Committee recently hosted a committee call dealing with these same cases. To listen to the recording of this call, click here.

Post date: Wednesday, August 27, 2014

The Bankruptcy Code defines “claim” as a “right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured….”[1] Congress intended the “broadest possible” definition, and that the Code “contemplates

Post date: Wednesday, August 27, 2014

Over the last decade or so, the vast majority of chapter 11 cases not converted to chapter 7 have resulted in sales of the debtors' assets. The sales were accomplished either under § 363 of the Bankruptcy Code or pursuant to a liquidating chapter 11 plan.

Post date: Wednesday, August 27, 2014

In a recent decision arising out of the Lehman case, which has been characterized as the largest and most complex bankruptcy in history and saw professional fees and expenses exceed $1.8 billion, the U.S.

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Ms. Demetra Liggins
Co-Chair
McGuireWoods LLP (Parent Record)
Houston, TX
(713) 353-6661

Mr. Eric J. Monzo
Co-Chair
Morris James LLP
Wilmington, DE
(302) 888-5848

Ms. Samantha Martin
Communications Manager
Stroock & Stroock & Lavan LLP
New York, NY
(212) 806-6559

Ms. Lindsay Zahradka Milne
Education Director
Bernstein Shur
Portland, ME
(207) 774-1200

Mr. Eric S. Chafetz
Newsletter Editor
Lowenstein Sandler LLP
Westfield, NJ
(646) 345-1466

Ms. Lauren Dorsett
Special Projects Leader
Davis Wright Tremaine LLP
Seattle, WA
(206) 622-3150

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