LSI 2010 NRD Santa Fe final conference binder 072110.pdf

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Linda R. Larson of Marten Law PLLC J. Scott Janoe of Baker Botts LLP Speaker 21: 2 Speaker 22: 2 Assessing Claims What is a claim? Owned v. unowned properties Order issues 2 Assessing Claims (cont'd.) Scheduling Environmental Claims Effect on dischargeability Fair Contemplation Test - Potential claimant can tie the debtor to a known release of a hazardous substance. Cal. Dep't of Health Servs. v. Jensen (In re Jensen), 995 F.2d 925 (9th Cir. 1993); In re Nat'l Gypsum Co., 139 B.R. 397 (N.D. Tex. 1992). Whether, at the time of bankruptcy, the claimant could have ascertained through the exercise of reasonable diligence that it had such a claim against the debtor. La. Dep't of Envtl. Quality v. Crystal Oil Co. (In re Crystal Oil Co.), 158 F.3d 291 (5th Cir. 1998). 3 Law Seminars International | Natural Resource Damages | 07/16/10 in Santa Fe, NM
Linda R. Larson of Marten Law PLLC J. Scott Janoe of Baker Botts LLP Speaker 21: 3 Speaker 22: 3 Assessing Claims (cont'd.) Scheduling Environmental Claims Effect on government's ability to assert late claims Government will have a subordinated late claim unless it can show: (1) inadequate notice or (2) excusable neglect Procedure: (1) motion to allow filing (2) objection by debtor (3) hearing and decision by court on whether to allow as a timely filed claim or treat as a subordinated late claim 4 Claims Estimation Required Estimation - The court shall estimate for the purpose of allowance: "any contingent or unliquidated claim, the fixing or liquidation of which...would unduly delay the administration of the case..." 11 U.S.C. 502(c) The bankruptcy court is bound by the legal rules that govern the ultimate value of the claim. Addison v. Langston (In re Brints Cotton Mktg.), 737 F.2d 1338 (5th Cir. 1984). The bankruptcy court can adopt the estimation method best suited to the circumstances. Id. Abuse of discretion standard on appeal. 5 Law Seminars International | Natural Resource Damages | 07/16/10 in Santa Fe, NM
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L A W S E M I N A R S I N T E R N A
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Thursday, July 15, 2010 Natural Res
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James A. Bruen, Richar
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Table of Contents Topic Speaker # C
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Faculty for Natural Resource Damage
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James A. Bruen of Farella Braun + M
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Richard O. Curley, Jr. of Curley &
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David J. Lazerwitz of Farella Braun
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John C. Cruden of U.S. Department o
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Andrew O. Guglielmi of New York Sta
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Kenneth Jenkins of ARCADIS Speaker
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Amy L. Horner of U.S. Department of
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John Carlucci of U.S. Department of
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Nathaniel Barber of New York State
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Ken L. Frank of Chevron Environment
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Sheri L. Moreno of General Electric
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John K. Dema of Law Offices of John
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Donald W. Fowler of Hollingsworth L
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