Equitable Mootness Doesn’t Deprive Appellate Court of Jurisdiction
Impossibility of upsetting a confirmed plan doesn’t result in constitutional mootness, only equitable mootness.
Court:
Foreign Representatives May Bring Avoidance Suits Under State or Foreign Law
Prohibition on avoidance actions in chapter 15 only bars suits under Bankruptcy Code powers.
Federal Judgment Rate Is Employed when Claims Are Paid in Full
Courts remain divided on what ‘legal rate’ means in Section 726(a)(5).
Bar Date Not Extended Three Days for Service by Mail
As bar dates are fixed by the meeting of creditors, not by date of mailing, Rule 9006(f) isn’t applicable.
Secured Creditors Need Not File Claims in Federal Receiverships, Circuit Holds
Opinion overlooks administrative problems when secured creditors don’t file claims.
Court:
Circuits Now Split on Dischargeability for Third Party’s Violation of Securities Laws
Eleventh Circuit panel divided on reaching alternative holding under Section 523(a)(19).
Court:
Falsely Misrepresenting One Asset Isn’t Grounds for Nondischargeability, Circuit Holds
Eleventh Circuit takes sides with the majority in circuit split over Section 523(a)(2).
Court:
Creditors Get Personal Injury Proceeds Although ‘Commitment Period’ Expired
Voluntary five-year commitment period sticks the debtor with its burdens, judge holds.
District Courts Collide Head-On over Maritime Liens for ‘Necessaries’
Circuit split over maritime liens appears headed for the Supreme Court.
Georgia Court Differs with Circuit Opinions on PBGC Claim Calculation
Court says circuit opinions on PBGC claims before Supreme Court’s Raleigh opinion are no longer good law.