Tag Archives: claims

Delaware Court Shuts Down Creditor’s “Unreasonable” Motion to Amend its Proof of Claim

A recent opinion by the Bankruptcy Court for the District of Delaware underscores how important it is for creditors to file complete and well-reasoned proofs of claim. The opinion also highlights the problems creditors may encounter if they have to amend their claims. SNMP Research International, Inc. (“SNMPRI”) sold and licensed software to customers. In … Continue Reading

IndyMac Trustee and FDIC Reach Settlement in Tax Refund Contest

In a move signaling the end of 6 years of litigation, the bankruptcy trustee for the holding company of failed mortgage lender IndyMac Bancorp, Inc. (“Bancorp”) negotiated a settlement agreement with the FDIC regarding the ownership of nearly $60 million of tax refunds.  If approved by the bankruptcy court, the settlement would resolve one of … Continue Reading
LexBlog