Circuit split is eroding on the loss of a homestead exemption for failing to reinvest proceeds from a sale after filing.
Courts are divided on whether PPP litigation is ‘core’ or not.
The First Circuit BAP evidently believes that a transfer occurred, even though an ordinary check wasn’t cashed.
District court invalidates expenditures adopted by the Puerto Rico legislature that were not approved by the PROMESA Oversight Board.
The value of a disputed claim is proven by showing the likely validity of the claim and the likelihood of recovery, not just by establishing the possible damages.
Tortious or fraudulent conduct needn’t be shown to hold a corporate employee liable for violating the automatic stay.
The First Circuit shows no inclination to allow creditors to bust out of the PROMESA restructuring of Puerto Rico’s debt.
First Circuit requires detailed fact-finding by the bankruptcy court on the credibility of witnesses and the elements of nondischargeability for false representations.
First Circuit rules that an order finding a stay violation must be appealed before the bankruptcy court grants an award of attorneys’ fees.
Employer contributions to Puerto Rico’s retirement system did not qualify as ‘special revenues,’ with the result that bondholders’ liens were cut off on the filing date.