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Manny Ramirez Owed the Most in the Dodger's Bankruptcy

Los Angeles Dodgers have filed for Chapter 11 bankruptcy in an effort to buy some time to complete a television-rights deal and ward off creditors. The Dodgers listed assets between $500 million and $1 billion and debt of as much as $500 million (although the front page of the petition shows liabilities...

Attacking LBO Payouts as State Law Fraudulent Transfers

by Barbara Shreero The United States Bankruptcy Court for the Southern District of New York (the “Court”) in Weisfelner v. Fund 1 (In Re Lyondell Chemical Co.) , 2014 Bankr. LEXIS 159 (Bankr. S.D.N.Y. Jan. 14, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers...

Dodd-Frank’s Intersection With the Bankruptcy Code Could Have Significant Impact for Unsecured Creditors

by Sean Cornely On February 11th, the three private plaintiff-appellants and eleven State plaintiff-appellants in State National Bank of Big Spring, et al. v. Jacob J. Lew, et al. filed briefs with the U.S. Court of Appeals for the District of Columbia Circuit in their appeal of the District Court’s...

U.S. Supreme Court Refuses to Hear Creditor’s Case Alleging Sale Violated Rights

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today denied certiorari in a bankruptcy case in which a creditor alleged that actual fraudulent conveyance of a debtor’s assets was committed during the bankruptcy sale because his claim against the bankruptcy estate was not preserved...