Bankruptcy Law – Page 2

Union Bank v. Wolas, 502 U.S. 151 (1991)

Issues: Bankruptcy Law, Chapter 11 Bankruptcy

502 U.S. 151 112 S.Ct. 527 116 L.Ed.2d 514 UNION BANK, Petitioner v. Herbert WOLAS, Chapter 7 Trustee for the Estate of ZZZZ Best Co., Inc. No. 90-1491. Argued Nov. 5, 1991. Decided Dec. 11, 1991. Headnotes: Preferential Transfers — Payments on debt:?Payments on long-term as well as short-term, debt may qualify for ordinary course […]

Bank of America, N.A. v. Caulkett

Issues: Bankruptcy Law

United States Supreme Court BANK OF AMERICA, N. A. v. CAULKETT, (2015) 135 S.Ct. 1995 (2015) No. 13-1421 Argued: March 24, 2015????Decided: June 1, 2015 Syllabus Respondent debtors each filed for Chapter 7 bankruptcy, and each owned a house encumbered with a senior mortgage lien and a junior mortgage lien, the latter held by petitioner […]

Baker Botts L.L.P. v. Asarco LLC

Issues: Bankruptcy Law

United States Supreme Court BAKER BOTTS L.L.P. ET AL. v. ASARCO LLC, (2015) 135 S.Ct. 2158 (2015) No. 14-103 Argued: February 25, 2015????Decided: June 15, 2015 Syllabus Respondent ASARCO LLC hired petitioner law firms pursuant to ?327(a) of the Bankruptcy Code to assist it in carrying out its duties as a Chapter 11 debtor in […]