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Creditors’ Rights & Bankruptcy Law

LENDER ALERT: Maintaining Clear Communication with Borrower is Key to Enforcing Contractual Rights


Dec 11, 2024
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By: Michele K. Jaspan, Esq. This article discusses a recent court decision upholding a lender’s contractual rights and a borrower’s obligations concerning a cooperative loan and shareholder agreement. The case highlights...
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Creditor Alert: A Confession of Judgment Is Not Removable to Federal Court Based on a Related Bankruptcy Filing


Dec 11, 2024
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By: Michael L. Moskowitz, Esq. A recent decision from the Southern District of New York provides insight for creditors seeking to enforce judgments against debtors who subsequently file for bankruptcy. In Honeedew Investing...
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New York Bankruptcy Court Authorizes Service via Non-Fungible Tokens on Cryptocurrency Wallet Owners


Oct 25, 2024
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By: Moish E. Peltz, Esq., Kyle M. Lawrence, Esq., Richard E. Weltman, Esq., Michael L. Moskowitz, Esq., and Michele K. Jaspan, Esq. A recent decision by the United States Bankruptcy Court for the Southern District of New York...
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Michigan Bankruptcy Court Holds That a Non-Compete Clause Survives the Rejection of an Executory Contract and That a Confidentiality Agreement Is Not an Executory Contract Subject to Rejection


Aug 26, 2024
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq. In a recent decision of interest, the Bankruptcy Court for the Eastern District of Michigan held that a non-compete clause within a franchise agreement as well as...
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New Jersey Bankruptcy Judge Applies Supreme Court Precedent Retroactively to Allow Debtor to Continue Efforts to Set Aside Tax Foreclosure Judgment


Aug 14, 2024
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq. Bankruptcy Judge Andrew B. Altenburg Jr., sitting in the United States Bankruptcy Court for the District of New Jersey, recently held that as a result of...
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Understanding Celsius Network Adversary Proceedings: An Insight into the Complexities of Bankruptcy Claims


Aug 06, 2024
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By: Michael L. Moskowitz, Esq., Moish E. Peltz, Esq., and Richard E. Weltman, Esq. The Celsius Network bankruptcy case is a landmark event in the cryptocurrency world, not just because of the scale of financial failure but...
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Fourth Circuit Holds That Settlement of Nondischargeable Debt and Resulting Interest and Fees Owed Thereunder Are Both Nondischargeable Debts in Bankruptcy


Feb 02, 2024
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq. We have written in the past about exceptions to the general rule regarding a debtor’s ability to discharge debt in bankruptcy and achieve a “fresh start.” In...
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Legislative Alert: New York State to Remove Notarization Burden for Civil Litigants


Nov 29, 2023
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq.  On January 1, 2024, a new bill amending and expanding New York Civil Practice Law and Rules (CPLR) Section 2106 will take effect, allowing the filing of...
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CRYPTO UPDATE: Celsius Network Obtains Court Approval of Chapter 11 Plan


Nov 14, 2023
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq. Previously we reported on the Celsius Network (“Celsius”) chapter 11 bankruptcy case and the auction sale of its assets. More than one year ago, Celsius and its...
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Johnson & Johnson’s Second Attempt at a Texas Two-Step Bankruptcy Case is Rejected by the Bankruptcy Court


Aug 04, 2023
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By: Michael L. Moskowitz, Esq. and Melissa A. Guseynov, Esq. We previously reported on the Third Circuit’s decision to dismiss the New Jersey bankruptcy case filed by a Johnson & Johnson (“J&J”) subsidiary, LTL...
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