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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...

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...