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Bankruptcy

Jan 20, 2023

Claim deadline extended in Buffalo Diocese bankruptcy

A bankruptcy court judge has extended the deadline for claims of alleged sexual abuse of adults against the Catholic Diocese of Buffalo.

Sep 23, 2019

Rochester diocese filed for bankruptcy. Will others follow?

BUFFALO, N.Y. (AP) — The Roman Catholic Diocese of Rochester was the first in New York to seek bankruptcy protection under the weight of new sexual misconduct lawsuits, but lawyers and church leaders say it may not be the last. All eight of the state’s Roman Catholic dioceses face financial pressures as a result of […]

Dec 19, 2018

Bankruptcy on the table as Boy Scouts confront sex abuse claims

It took Robb Lawson until he was 45 to finally confront a dark memory from his days as a Boy Scout. Lawson was a teenager at the time, a member of a troop in Georgia, picked to attend a wilderness challenge to win entry in the Scouts’ prestigious Order of the Arrow. He recalls that […]

Nov 9, 2018

Court approves Tops grocery store restructuring plan

WILLIAMSVILLE, N.Y. (AP) — Western New York’s Tops grocery chain says it expects to emerge from bankruptcy “shortly,” after a court approved its restructuring plan. Tops Markets chief executive Frank Curci said Thursday the chain is poised to be a stronger and more competitive company. Headquartered in the Buffalo suburb of Williamsville, Tops announced in […]

Oct 15, 2018

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Sears, which […]

Sep 1, 2015

U.S. Court of Appeals for the Second Circuit – City of Concord, N.H. v. Northern New England Telephone Operations

U.S. Court of Appeals for the Second Circuit Bankruptcy – Chapter 11 Reorganization Outstanding Tax Lien – Survival of Reorganization City of Concord, N.H. v. Northern New England Telephone Operations 14-3381-bk Judges Newman, Jacobs and Raggi Background: A secured creditor argues on appeal that its lien passed through a Chapter 11 reorganization unaffected, even though […]

Feb 11, 2015

Second Circuit – Bankruptcy: Kirschenbaum v. U.S. Department of Labor

U.S. Court of Appeals for the Second Circuit – Bankruptcy – Jurisdiction – Arising In and Arising out of Jurisdiction   Kirschenbaum v. U.S. Department of Labor 14-1144-bk Judges Katzmann, Lohier and Droney   Background: The Chapter 7 bankruptcy trustee appealed from an order that held that the Bankruptcy Court did not have jurisdiction to […]

Dec 4, 2014

New York State Court of Appeals – Bankruptcy: Santiago-Monteverde v. Pereira

New York State Court of Appeals – Bankruptcy – Debtor/Creditor – Local Public Assistance Benefit – Rent-stabilized Lease   Santiago-Monteverde v. Pereira No. 180 Judge Abdus-Salaam   Background: At issue is the question of whether a bankruptcy debtor’s interest in her rent-stabilized lease be exempted from her bankruptcy estate pursuant to the New York State Debtor [&h[...]

Nov 4, 2014

Second Circuit: In re: BGI, Inc.

U.S. Court of Appeals for the Second Circuit – Bankruptcy – Equitable Mootness   In re: BGI, Inc. 13-226-bk; 13-2288-bk; 13-2300-bk Judges Kearse, Straub and Carney   Background: At issue is whether the doctrine of equitable mootness applies in Chapter 11 liquidation proceedings. The appellants are holders of unredeemed consumer gift cards issued by BGI. They […]

Oct 6, 2014

Second Circuit: Krys v. Farnum Place

U.S. Court of Appeals for the Second Circuit – Bankruptcy – Investment Securities Investor Protection Act – Comity   Krys v. Farnum Place 13-3000 Judges Newman, Walker and Cabranes   Background: At issue on appeal is whether it was proper to decline to conduct a Chapter 15 ancillary bankruptcy proceeding in the liquidation of Bernard L. […]

Aug 18, 2014

Second Circuit — Bankruptcy: Berger & Assocs. Attorneys, PC v. Kran

U.S. Court of Appeals for the Second Circuit Bankruptcy Documented Financial Affairs — Barring Discharge Berger & Assocs. Attorneys, PC v. Kran 13-1931 Judges Straub, Sack and Lohier Background: The plaintiffs commenced an action against the debtor and his law partner to recoup fees owed under a referral agreement between the parties. The debtor and […]

Jul 23, 2014

Court of Appeals — Bankruptcy: In re: Coudert Brothers and In re: Thelen LLP

New York State Court of Appeals Bankruptcy Partnership — Pending Hourly Lawyer’s Fee In re: Coudert Brothers and In re: Thelen LLP No. 137 & 136 Judge Read Background: At issue is whether, for the purposes of administering a related bankruptcy, New York law treats a dissolved law firm’s pending hourly fee matters as its […]

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