US Bankruptcy Court SDTX Docket Feed

Linqto Texas LLC Chapter 11 - Court Overrules Kleipool Recovery Allocation Objection

The United States Bankruptcy Court for the Southern District of Texas issued a memorandum opinion overruling Johannes Gerardus Reinerus (Jan) Kleipool's Emergency Pro Se Objection to Recovery Allocation in the Chapter 11 cases of Linqto Texas, LLC (Case No. 25-90186) and three related debtors. Kleipool sought to change his election from the Closed-End Fund to the Liquidating Trust after failing to submit a timely ballot, alleging excusable neglect. The Court denied the requested relief on April 21, 2026. The ruling affects how Kleipool's allowed customer claim will be treated under the confirmed Joint Chapter 11 Plan.

Toco Holdings LLC Proof of Claim Objection, S.D. Texas

The United States Bankruptcy Court for the Southern District of Texas issued a memorandum opinion sustaining the Debtors' objection to Noteh Berger's proof of claim filed in the jointly administered Chapter 11 cases of Toco Holdings, L.L.C. and Toco Warranty Corp. (Case No. 25-35378). Berger had asserted a claim of $36,309,309.46 based on a California state court verdict of $1,518,799 plus additional amounts for alleged withheld profit-sharing and attorneys' fees. The opinion resolves the allowance of this disputed claim against the bankruptcy estate.

Matlack v. Baird - Cryptocurrency Larceny Claim Excepted from Discharge

The United States Bankruptcy Court for the Southern District of Texas ruled on April 15, 2026 that Christie Baird's claim against debtor Adam Keiran Matlack is excepted from discharge under section 523 of the Bankruptcy Code as a debt arising from larceny. The court found that Mr. Matlack, a former assistant pastor and cryptocurrency enthusiast, received $80,000 from Ms. Baird in November 2017 to purchase Bitcoin on her behalf but failed to deliver the cryptocurrency, with the Bitcoin subsequently disappearing from her wallet by August 2020. A separate evidentiary hearing on damages will be scheduled.