December 2010 Archives: Illinois Bankruptcy Lawyer Blog

Kirschner v. KPMG, 09-2020 (Cir. 2)

December 29, 2010, by M. Hedayat & Associates, P.C.

Kirschner v. KPMG LLP, 09-2020 (Nov. 18)

In a case involving the standing of the trustee of a bankrupt corporation's litigation trust to sue third parties who allegedly assisted corporate insiders in defrauding the corporation's creditors, an appeal from the dismissal of the suit brought by the trustee is affirmed where the trustee lacked standing because the insiders' misconduct was imputed to the corporation.

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Posted In: Opinion

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US house prices fall in October, set to tumble further still

December 29, 2010, by M. Hedayat & Associates, P.C.

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http://www.csmonitor.com/Business/2010/1228/US-house-prices-fall-in-October-s...

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Posted In: Economy, Resources

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Bankruptcy Case Update (ND Illinois)

December 28, 2010, by M. Hedayat & Associates, P.C.

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Posted In: Case Update

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In re Mayslake Village, 09-43338

December 16, 2010, by M. Hedayat & Associates, P.C.

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Opinion Issued: Dec. 7, 2010

By: Honorable John H. Squires

The Upshot: Chapter 11 reorganization in which the Debtor-in-Possession sought to continue operating a housing development in Plainfield. The secured creditor, Bank of America, sought to modify the automatic stay and foreclose on the development based on the argument that the proposed Chapter 11 Plan did not meet the standards for plan feasibility set forth in 11 U.S.C. 1129.

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Posted In: Opinion

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In re Mayslake Village, 09-43338

December 16, 2010, by M. Hedayat & Associates, P.C.

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Opinion Issued: Dec. 7, 2010

By: Honorable John H. Squires

The Upshot: Chapter 11 reorganization in which the Debtor-in-Possession sought to continue operating a housing development in Plainfield. The secured creditor, Bank of America, sought to modify the automatic stay and foreclose on the development based on the argument that the proposed Chapter 11 Plan did not meet the standards for plan feasibility set forth in 11 U.S.C. 1129.

Click here to view and download a copy of the Opinion.

Posted In: Opinion

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