The debtor falsely listed assets amounting to 20 percent of his total assets on his financial statements, rendering them materially false, but the bank's reliance on those statements was unreasonable because it should have conducted an inspection

In an involuntary bankruptcy, a Chapter 7 trustee seeking to recover a preferential transfer must prove insolvency under the balance sheet test of § 101(31)(A), rather than relying on the § 303 test of debtor generally not paying debts as they become due

Permanent injunction granted in ancillary case under section 304, prohibiting claimants from pursuing lawsuits in U.S. The Cayman Islands insolvency laws provide for claims filing and allowance procedures similar to those under U.S. bankruptcy law

Because the Code treats administrative claimants equally, the court sustained Chapter 7 trustee's § 726(b) objection to a request of Chapter 11 professionals who had disgorged funds to receive pro rata distribution from available Chapter 7 funds.

The court granted a vehicle lessor an administrative expense claim of one month's payment. The attorney fees and filing costs were denied because the debtor had previously notified the lessor she was rejecting the lease and surrendering the vehicle.

Preference was avoided. The creditor's defense that the claim is barred by a prior settlement agreement is unavailing, in part because the settlement agreement was not approved by the court or served on other parties, so it does not bind the estate

Case was converted from Chap. 11. Court sustained Ch. 7 trustee's objection under section 726(b) to request of Ch. 11 professionals who had disgorged funds to receive pro rata distribution from available Ch. 7 funds. Code treats admin. claimants equally

Debt was non-dischargeable under section 523(a)(2)(B) because debtor submitted a credit application containing a materially false statement, which he knew was false & which he intended the creditor to rely upon in extending credit & delaying collections

Judgment creditor had to turn over garnishment funds it received post-petition because the funds were property of the estate. The creditor was not protected by the "safe harbor" of section 542(c) because creditor wasn't a transferor