Bankruptcy Law

19
Jun

In re Fulton

In re Fulton, 18‐2527 Held that the City of Chicago violated the Bankruptcy Code’s automatic stay when it continued to hold debtors’ impounded vehicles until they paid their outstanding parking tickets. The city must return the vehicles to the debtors, the Seventh Circuit concluded in these four consolidated Chapter 13 bankruptcy cases.

14
Jun

In re Linn Energy, L.L.C

In re Linn Energy, L.L.C., 18-40443 Held that an energy company’s Chapter 11 bankruptcy plan did not entitle a class of lenders to $30 million in post-petition default interest. Affirmed the rulings below.

14
Jun

In re Wade

In re Wade, 18-2564 Held that bankruptcy debtors could not appeal the denial of their motion for sanctions, because they had not filed a petition for permission to appeal, as required under Federal Rule of Bankruptcy Procedure 8006(g). Criticized two circuit precedents that appeared to recognize exceptions to this procedural requirement.