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Barry M. Klayman and Mark E. Felger Barry M. Klayman and Mark E. Felger

In In re Rent-A-Wreck of America, Case No. 17-11592 (LSS) (Bankr. D. Del. Feb. 13, 2018), U.S. Bankruptcy Judge Laurie Silverstein of the District of Delaware dismissed voluntarily filed bankruptcy cases on the grounds they were not filed in good faith, finding that the privately owned debtors had not proven they were in financial distress and had sought to use 11 U.S.C. Section 365 to redistribute value from a long-time adversary to their ultimate stockholder.

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