Maria Chutchian

2 weeks ago | news.bloombergtax.com | Maria Chutchian

The Ninth Circuit overturned a California federal district court’s garnishment order, saying the underlying bankruptcy fraud proceeding should have been moved to another venue. The case against Steven Zinnel should have been transferred to Oregon, where the debtor purportedly resided, as required by Section 3004 of the Federal Debt Collection Procedures Act, the US Court of Appeals for the Ninth Circuit held in a Monday opinion penned by Judge Ana de Alba.

3 weeks ago | news.bloombergtax.com | Angélica Serrano-Román |Maria Chutchian |Rob Tricchinelli

A long shot provision in President Donald Trump’s budget bill raises questions about whether proposed court limits would apply to enforcing contempt citations in bankruptcy cases. The measure, part of the president’s “big beautiful bill,” would bar federal courts from holding a party in contempt for failing to comply with an injunction or temporary restraining order unless the party seeking the order provides a security bond.

3 weeks ago | news.bloombergtax.com | James Nani |Maria Chutchian

Alex Jones’ long running bankruptcy case must come to a conclusion, a Houston bankruptcy judge told lawyers for the right-wing conspiracy theorist, the trustee of his estate, and families of Sandy Hook Elementary School shooting victims. The bankruptcy has racked up hefty legal expenses and become complex due to an array of litigation in state and federal courts, Judge Christopher M. Lopez of the US Bankruptcy Court for the Southern District of Texas said at a status hearing Thursday.

3 weeks ago | news.bloombergtax.com | Maria Chutchian

The bankruptcy plan administrator for True Value Co. moved to terminate the hardware and wholesaler brand’s pension plan, saying it can’t afford the costs. True Value sold its assets out of bankruptcy late last year, leaving an administrator to implement the shell entity’s wind-down process. The administrator is now seeking court approval to enter into a trusteeship agreement with the Pension Benefit Guaranty Corp.

3 weeks ago | news.bloombergtax.com | James Nani |Maria Chutchian

A federal appeals court opinion flipping the ownership of Texas oil driller Mesquite Energy Inc. to a group of lenders, including Apollo Global Management Inc., turned a crafty arrangement by a bankruptcy judge on its head. A Houston bankruptcy court’s efforts to fairly split the equity of the company formerly known as Sanchez Energy Corp.