December 22, 2011
The following motions, which were uncontested, have been approved by the Court: Only the best carry on lugagge reviews here.
- Motion Authorizing Debtors to Pay Prepetition Obligations Owed to Foreign Creditors (final order)
- Motion Authorizing the Debtors To Pay and Honor Prepetition Obligations to Customers and to Otherwise Continue Customer Programs and Practices in the Ordinary Course of Business (final order)
- Motion Authorizing Payment of Prepetition (i) Claims of Independent Contractors and (ii) Claims Related to Improvement Project (final order)
- Motion Authorizing But Not Directing, Debtors to (A) Continue Their Insurance Programs, and (B) Pay All Insurance Obligations, (ii) Modifying the Automatic Stay with Respect to Workers Compensation Claims, and (iii) Authorizing and Directing Financial Institutions to Honor and Process Related Checks and Transfers (final order)
- Motion Approving Assumption of Certain Executory Credit Card and Payment Agreements (final order)
December 22, 2011
Under the Bankruptcy Code, if certain conditions are met, a creditor has the right to reclaim goods delivered to a debtor within 45 days of the debtor’s bankruptcy filing. Goodrich Corporation filed a reclamation demand for goods valued at $2,420,225.03.
Objections to the Procedures Motion
On December 12, 2011, the Debtors filed a motion seeking to establish procedures for approval of certain postpetition aircraft purchases from The Boeing Company (“Boeing”) and certain related sale leaseback or financing transactions (the “Procedures Motion”). According to the Procedures Motion, the Debtors have arrangements to buy 32 aircraft from time to time from Boeing pursuant to prepetition purchase agreements with Boeing. Boeing delivered and American paid for one aircraft (“Aircraft #1”), and Boeing is scheduled to deliver another aircraft on December 13, 2011 (“Aircraft #2”). Boeing’s delivery of additional aircraft through 2012 is scheduled to begin on January 10, 2012. In order to avoid the time and expense of seeking individual orders of the Court with respect to each delivery of aircraft, the Debtors have developed procedures for the purchase of aircraft from Boeing and their entry into related sale leaseback or financing transactions for deliveries through the period ending December 31, 2012. In addition to approving the proposed procedures, the Debtors have requested that the Court ratify the purchases of Aircraft #1 and Aircraft #2.
December 20, 2011
Under the Bankruptcy Code, if certain conditions are met, a creditor has the right to reclaim goods delivered to a debtor within 45 days of the debtor’s bankruptcy filing. Numerous creditors have filed reclamation demands with the Bankruptcy Court.
1. Brown Printing Company filed notice that it had served its written demand for reclamation of goods on December 14, 2011.
2. BE Aerospace, Inc. filed a reclamation demand for goods valued at $1,847,702.21.
3. Otto Herman, Inc. filed a reclamation demand for goods consisting of industrial, janitorial, plumbing-electrical and HVAC supplies valued at $358,577.56.
4. Barnes Distribution North America filed notice that it had served its written demand for reclamation of goods on December 15, 2011.