Sigel’s Beverages, a 113-year-old Dallas liquor chain, has been sold to an Austin company

By Maria Halkias | From Dallas News Sigel’s Beverages has been sold to Austin-based Twin Liquors, according to bankruptcy court documents. Dallas-based Sigel’s has been operating under the protection of the bankruptcy court since October 2016. The sale to Twin Liquors was approved by the U.S. Bankruptcy Court for the Northern District of Texas in…

Unbuilt Texas Cancer Center Creditors File Ch. 11 Plan

By Jess Davis Law360, Dallas (July 5, 2016, 4:37 PM EDT) — Creditors of a planned Dallas cancer treatment facility on Friday proposed a liquidation plan that would allow billionaire energy tycoon Kelcy Warren, an investor, to recoup $13.25 million. Under a Chapter 11 plan for debtors Dallas Proton Treatment Holdings LLC and Dallas Proton…

Trustee Will Oversee Bankrupt-Unbuilt Texas Cancer Center

By Jess Davis Law360, Dallas (April 25, 2016, 9:08 PM EDT) — A Texas bankruptcy judge on Friday appointed a Chapter 11 trustee to oversee a planned Dallas cancer treatment facility after billionaire Kelcy Warren alleged his $20 million investment had been diverted to two other facilities owned by the same parent company. U.S. Bankruptcy…

In re Positron, 541 B.R. 816 (Bankr. N.D. Tex. 2015)

Issue: Whether the bankruptcy court should transfer an involuntary bankruptcy case to the venue requested by the alleged debtor. Holding: When an alleged debtor has no significant ongoing business operations, its principal asset is located in the district where the involuntary was filed, and the disposition of that asset will be the most important part…