Delaware Bankruptcy Court Provides Guidance on the Scope of The Automatic Stay
By EsqSocial Corporation 28/01/21
On December 3, 2020, the United States Bankruptcy Court for the District of Delaware entered an opinion in In re Extraction Oil & Gas, Inc., Case No. 20-11548 (CSS), holding that two entities (the “State Court Plaintiffs”) violated the automatic stay of 11 U.S.C. § 362(a) when those entities commenced and prosecuted litigation against non-debtor entities in Colorado state court and entered into a settlement agreement with the non-debtor entities. The Court’s opinion provides useful guidance...
By: Snell & Wilmer