ADVERTISEMENT

Home -> Law Blog Directory -> Bankruptcy Blogs -> Credit Slips

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bankruptcy

: Credit Slips

The 2d Circuit

By Stephen Lubben

ADVERTISEMENTS

As you have no doubt have heard by now, and as I had long expected, the 2d Circuit affirmed the bankruptcy court's decision in Chrysler, essentially incorporating the Bankruptcy Judge's opinion by reference. The courtroom was packed -- at least 300 people in attendance -- and there was notable surprise when the panel announced at the end of argument that they would take a ten minute recess and return.

Clearly this not only helps Chrysler -- assuming the appeal to the Supreme Court is unsuccessful, as I expect it will be -- but also GM, which is following the same basic template.

One of the most interesting parts of the hearing, from my perspective, occurred when the attorney for the Indiana Funds seemed to argue for Lionel to be overturned and for the appellate court to reduce the bankruptcy court's discretion in the area of 363 sales. Although the court clearly did not accept his invitation, that moment was the closest the appellants got to acknowledging just how significantly they needed to change chapter 11 practice if they were to win.

Full post as published by Credit Slips on June 05, 2009 (boomark / email).

Lawsuits and Settlements

Specialty Lamp International
Recalls Counterfeit Circuit Breakers

Related Searches

US Law

#1 Online Legal Resource

Ask Legal Questions

US Law Directory

Class Action Lawsuits

Celebrity Justice

OJ Simpson

VIDEO: NYPD rendering first aid to Empire State Building shooter
On 08-25 at 15:46PM

Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM

Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM

UES NYC
On 08-18 at 21:25PM

Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM

Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM

AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM

Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM

Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM

Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM

FOLLOW USLaw.com ON TWITTER

Custom Legal Documents

Your Blog Subscriptions Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc

Earn a law-related degree

Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.

Suggest changes to this blog's description or nominate another for inclusion. Register for updates.

Opening: Circuit Librarian, Fifth Circuit, New Orleans

A reminder about the 5th Circuits Practitioners Guide

A reminder about the 5th Circuits Practitioners Guide

Split Fourth Circuit ruling upholding above-guideline sentence shows another circuit struggling with reasonableness review

9th Circuit practioners: notice re electronic notifications

1st Circuit rejects Dont Ask, Dont Tell challenge

0.0021 secs (from cache 10/31/26 13:54:44)