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First Impressions: Third Circuit Scuttles Triangular Setoff in Bankruptcy | Jones Day


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The ability of a creditor to exercise its contractual, common law or statutory rights under non-bankruptcy law to set off amounts owed to a debtor in bankruptcy against the debtor s obligations to the creditor gives offsetting creditors an important advantage. Unlike many other creditors, creditors with setoff rights can receive preferential treatment in the form of full payment on their claims up to the amount of the setoff. However, a limitation on the exercise of setoff rights in bankruptcy is the Bankruptcy Code s requirement that the debts involved must be mutual, a concept that is not well understood and sometimes disputed in the courts. The U.S. Court of Appeals for the Third Circuit recently addressed the meaning of mutuality in this context as a matter of first impression. In ....

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Florida Car Accident Lawsuits: How to Apply the Brakes on Plaintiffs | Rumberger | Kirk


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When a Canadian is sued in Florida, moving the case from the Florida state court system to the U.S. federal court system usually is a good move for the defense. But sometimes, making that move is not possible. For example, federal court is unavail­able where the alleged damages are less than $75,000, or where the Plaintiff sued a Florida resident in addition to the Canadian resident.
If the case will remain in the Florida state court system, it is important to confirm your lawsuit was filed in the correct county. A one-sentence statute provides the roadmap for doing just that. Florida Statutes Section 47.122 states “For the convenience of the parties or witnesses or in the interest of justice, any court of record may transfer any civil action to any other court of record in which it might have been brought.” ....

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