On appeal, the district court affirmed the bankruptcy court's holding that, under the facts of the case, the infusion of funds by these creditors to the debtor corporation did not constitute bona fide loans but, rather, were contributions of capital.
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United States Courts Opinions (USCOURTS) collection is a collaborative effort between the U.S. Government Publishing Office (GPO) and the Administrative Office of the United States Courts (AOUSC) to provide public access to opinions from selected United States appellate, district, and bankruptcy courts.
The District of Nebraska offers a database of opinions for the years 1997 to current, listed by year and judge. For a more detailed search, enter the keyword or case number in the search box above.
Creditor suppliers filed an involuntary bankruptcy petition against the debtor. Of the several grounds alleged, the only one with merit concerned the debtor's transfer of real estate, which the court found was done with intent to hinder creditors
Order authorizes bankruptcy trustee to sell debtor's interest in Oklahoma oil and gas leases free and clear of liens and encumbrances. Those liens and encumbrances shall attach to the sale proceeds and their priority and validity will be determined later
The court enjoined termination of the lease for Chapter XI debtor's business premises because debtor was making post-petition rental payments and because lessor's financial problems were not solely the result of the debtor's pre-petition delinquency.
The debtors borrowed money from plaintiff bank to purchase a car. The wife then obtained another loan using the car as collateral and delivered the car title to the second creditor. Court held that wife willfully and maliciously converted bank's property
Court found for debtor-defendant regarding dischargeability. The court held that the debtor did not use false financial statements to obtain loans, nor did she willfully and maliciously convert the collateral (a car) by not obtaining title in her name
Trustee's counsel, who represented a creditor in a pre-petition debt workout with the debtor, has a potential conflict of interest concerning litigation between the trustee and that creditor, but may represent the trustee in unrelated matters in the case
Debt was excepted from discharge because the debtor falsely represented his financial situation when he obtained the loan & either did not intend to repay it or recklessly disregarded his inability to do so. Repayment is implicit in a credit transaction
Creditor was permitted to amend non-dischargeability complaint after deadline for doing so had passed, but only to state its legal theories with more specificity. Creditor was not allowed to make new factual allegations that it could have raised earlier
The bankruptcy court confirmed the sale of a piece of the debtor's equipment and ordered that part of the proceeds be paid to a creditor holding a security interest in the asset, with the balance of the proceeds to be placed into escrow