Texas Bankruptcy Court Invalidates Foreclosure Sale Based on Technicality?

In In re AMRCO, Inc., Case No. 13-11086 (Bankr. W.D. Tex. July 26, 2013), the Bankruptcy Court for the Western District of Texas recently invalidated a pre-bankruptcy foreclosure sale that concluded minutes before a chapter 11 petition was filed, based on the Deed of Trust‘s Trustee’s failure to strictly comply¬†with the foreclosure requirements under the […]

Read More

Patriot Coal Seeks Bankruptcy Court OK to Continue Litigation

Patriot Coal¬†is seeking bankruptcy court permission to proceed with breach-of-contract suits the company has filed against two customers who allegedly declined to take recent coal shipments. The suits are not subject to the automatic stay initiated by the bankruptcy proceedings, Patriot argues, but objections to the motion can be filed until Aug. 2. A hearing […]

Read More