First Circuit Interprets PROMESA’s Automatic Stay Broadly, Reverses District Court
Circuit court bars lawsuit by one Puerto Rico bondholder group against another.
Court:
Civil Contempt Proceedings Exempt from Automatic Stay in Ninth Circuit
No automatic stay to protect litigation misconduct in the Seventh and Ninth Circuits.
Court:
Peabody Energy Emerges from Bankruptcy Protection
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Texas Regulators Nix $18 Billion Deal for Bankrupt Power Company
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SunEdison Sees Life Post-Bankruptcy, Creditors Contest Value
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Madoff Deals at Center of U.K. Hedge-Fund Lawsuit
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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:
Chapter 13 Plan Confirmation Doesn’t Bar Later Claim Objections, Circuit Holds
Res judicata does not apply to ‘deemed allowed’ claims.
Court:
Personal Bankruptcy Bars Incarceration, but Not Finding of Civil Contempt
FTC allowed to continue contempt proceedings for failure to pay restitution.