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Showing 3 posts in Reconsideration.

UPDATE – Bankruptcy Court Continues To Urge Nortel Parties To Come To An Agreement

In re Nortel Networks, Inc., Case No. 09-10138 (KG) (Bankr. D. Del. July 6, 2015)

The Delaware Bankruptcy Court heard day-long argument on eight issues raised in motions for reconsideration of the Court’s recent Allocation Opinion—previously discussed here—and issued a Memorandum Order denying reargument on two issues, granting minor clarifications to the Allocation Opinion on four issues, and denying reargument as premature on two issues. Read More ›

More Opinions Addressing Pro Se Claimants in New Century TRS Holdings, Inc

Konar v. New Century TRS Holdings, Inc (In re New Century TRS Holdings, Inc), Adv. No. 12-50187 (KJC), 2014 WL 2198247 (Bankr. D. Del. May 23, 2014); In re New Century TRS Holdings, Inc, No. 07-10416, 2014 WL 2511339 (Bankr. D. Del. May 30, 2014) (“Cromwell”); In re New Century TRS Holdings, Inc, No. 07-10416, 2014 WL 2446823 (Bankr. D. Del. May 30, 2014) (“Russell”)

In In re New Century TRS Holdings, Inc, the Honorable Kevin J. Carey has spent significant time adjudicating pro se claimants’ late-filed proofs of claims that assert various alleged injuries relating to their respective mortgages.  In fact, in just a few months, the Court has written seven Opinions, four of which have already been reviewed by The Delaware Bankruptcy Insider herehere, and here.  In the Opinions, Judge Carey denied the pro se claimants’ late-filed claims, held that the claimants were “unknown” and therefore not entitled to actual notice of the bar date, and found no excusable neglect entitling the claimants to file late proofs of claim.  The three additional Memoranda discussed herein do not deviate from the Court’s past holdings. Read More ›

Motion for Reconsideration Denied: Bankruptcy Court Correctly Interpreted Lease

In re Filene's Basement, et al., No. 11-13511 (KJC) (Bankr. D. Del. Jan. 15, 2014)

In this Memorandum Opinion, the Honorable Kevin J. Carey denied the debtor Syms Corp.'s motion for reconsideration of a ruling where he previously held that an amendment to a credit agreement providing for a $10 million working capital loan secured by a leasehold mortgage constituted a "permanent mortgage" under the terms of the lease.  Read More ›