Neil H. Ackerman's Legal Cases (3)

Chapter 7 bankruptcy

In re Northern Star Industries, Inc., 38 B.R. 1019

Jan 01, 1984

OUTCOME: Won appeal, Bankruptcy Court Decision Reversed; trustee ordered to sell property to my Firm's client

Resareched and wrote brief for appeal by offeror for property being sold by trustee, of Decision by Bankruptcy Court, on grounds that Court should not have allowed or considered offer by third party wh ... o had not objected to sale, where sale notice had established there would be no hearing or consideration of other offers unless higher or better offers or other objections to proposed sale were filed by a date certain

Chapter 11 bankruptcy

In re Gusam Restaurant Corp., 737 F.2d 274 (2nd Circuit 1984)

Jun 18, 1982

OUTCOME: Won appeal reversing decision by Bankruptcy Court

Wrote Brief in this case; 2nd Circuit Court of Appeals issued decision reversing decision by Bankruptcy Court, and ruling that the Bankruptcy Court could not convert a chapter 11 Bankruptcy case to ch ... apter 7, on its own motion, without a request by a party in interest in the case (Congress amended Bankruptcy Section 105(a) in 1986 to overrule this case)

Chapter 11 bankruptcy

In re Group Trust No. 47

N/A

OUTCOME: Trust assets liquidated; IRC and ERISA exemption for investors protected, and net monies distributed to investors with allowed claims

Attorney for Official Committee of Investors in this case, which was the first (and believed to be one of only two) pension plan/IRA/ Keogh/403(b) commingled trust Chapter 11 Bankruptcy cases ever file ... d in the United States of America; nonbank trustee resigned under pressure by me, and the Committee administered the assets and the case

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