Notable Cases
Trustee Charles Forman of Forman Holt Makes Additional Distributions to Asbestos Claimants in NSI Case
Pursuant to an order of the United States Bankruptcy Court for the District of Delaware, Charles M. Forman, the Chapter 7 Trustee for National Service Industries, Inc. (NSI) has issued an additional distribution of $8 million to claimants.
Forman Holt Members Confirm Ammon Labs Chapter 11 Plan
Forman Holt members Erin Kennedy and Michael Holt confirmed the Chapter 11 Plan of Reorganization for Ammon Analytical Laboratories LLC.
NJ Law Journal: When Money Problems & Marital Problems Collide
Exploring the implications of Erin Kennedy’s ground-breaking Third Circuit decision in the Ruitenberg case and still-unanswered “divorce colliding with bankruptcy” questions.
Ground-Breaking Decision Re: Equitable Distribution Claims Window
The US Court of Appeals for the Third Circuit broke new ground holding for the first time that a debtor’s spouse has an unsecured claim for equitable distribution as long as a complaint for divorce is pending when the bankruptcy case is filed. Erin Kennedy successfully argued for the allowance of the claim.
NJ Affordable Homes Corp. Ponzi Scheme: Trustee Recovery Efforts Continue
Bankruptcy Judge Donald H. Steckroth has issued a 108-page decision upholding substantially all claims asserted in almost 600 proceedings commenced by Charles M. Forman, trustee in the case of NJ Affordable Homes Corp., a massive real estate Ponzi scheme perpetrated by Wayne Puff and others.
Founders’ Son Buys Entertainment Publications Out Of Bankruptcy
Entertainment Publications, the 50-year-old company that publishes a ubiquitous coupon book sold mostly through fundraisers in more than 150 cities, filed for Chapter 7 bankruptcy liquidation March 12, 2013. Charles Forman was appointed as bankruptcy trustee, authorized by the U.S. Bankruptcy Court in Delaware on March 25 to operate the company until a sale is […]
Bankrupt. Who Pays?
It was the final days of business for Workbench, an upscale furniture store with headquarters in Bayonne, NJ and franchise locations nationally when the New York Times profiled its demise.
