Friedmans liquidating trust
He is a member of the Commercial Law League of America, Orange County Bankruptcy Forum, and Orange County Bar Association.
Friedman’s then brought a preference action against Roth.
Instead, the Court of Appeals held that “the Bankruptcy Code does not give equal treatment to the claims of all creditors, but rather carves out special treatment for creditors or claims of certain kinds.” After being identified as a critical vendor by the debtor’s first-day wage motion, Roth was entitled to a unique set of rights.
To reduce Roth’s subsequent new value defense would serve only to undermine the purpose of the wage order and ignore Roth’s rights afforded by that order.
Pursuant to §§ 3 of the Bankruptcy Code, Kiwi assumed these three agreements.
The case’s chapter 7 trustee filed adversary proceedings against Port Authority, Sabre and CIT.