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…