Recent Case Law

Fifth Circuit Upholds Fee Award of Debtor’s Counsel Who Received Retainer by Creditor

In Robbye R. Waldron v. Adams & Reese, L.L.P. (In re American International Refinery, Inc.), the Fifth Circuit Court of Appeals recently upheld the fee award to bankruptcy counsel to the debtor, notwithstanding that such counsel was indirectly paid a pre-bankruptcy… Read More ›

Texas Bankruptcy Court Enforces Standards for Retention of Counsel

The Bankruptcy Code contains elaborate rules for the employment of counsel, accountants, consultants, financial advisors and other outside professionals in all bankruptcy cases.  These rules generally require bankruptcy court approval of all professional engagements.  Section 327 of the Bankruptcy Code and Federal Rule of Bankruptcy Procedure 2014,… Read More ›

Fifth Circuit Denies Late-Filed Proof of Claim

In re DLH Master Land Holding, L.L.C., Case No. 11-10781 (5th Cir. March 13, 2012) In In re DLH Master Land Holding, L.L.C., Case No. 10-30561-hdh, the Fifth Circuit Court of Appeals recently rendered an opinion affirming the lower courts’… Read More ›

American Airlines Plans to Grow Out of Bankruptcy

AMR Corp., which filed bankruptcy in December 2011, recently announced the deep cuts that most consultants had long predicted. AMR said it is eliminating 13,000 jobs, terminating its four pension plans, grounding older planes and restructuring supplier contracts, in hopes… Read More ›