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Entries categorized as ‘bad faith’

In re Tekena USA, 09-16969

November 24, 2009 · Leave a Comment

In re Tekena USA, LLC, 09-16969
Issued: November 19, 2009
Judge: Jacqueline P. Cox
Summary: The Court grants Creditor’s Motion to Dismiss. The Court agrees with Movant’s allegations that Debtor’s petition violated § 1112 (b) of the Bankruptcy Code’s “Good Faith” requirement for Chapter 11. Movant has proven by a preponderance of the evidence that dismissal is justified.

View and download the opinion in PDF format here.

Categories: 1112(b) · bad faith · bankruptcy · ch 11 · cox · dismissal

New Median Income Standards (09-2009)

October 13, 2009 · 1 Comment

median income figures (09-2009)

Categories: 1325(a)(5) · 707 · 727 · Administrative Office of the Courts · BAPCPA · Census Bureau · administrative · aoc · bad faith · bankruptcy · ch 13 · ch 7 · consumer · current-events · data · dismissal · disposable · economy

This is how you spend your money …

July 20, 2009 · 2 Comments

Where it all goes ...

Where it all goes ...

This chart was complied and published by Visual Economics

Categories: Administrative Office of the Courts · Census Bureau · Congress · IRS · Middle class · administrative · aoc · article · automatic stay · automobile · bad faith · bailout · bank · bankruptcy · ch 13 · ch 7 · consumer · credit · credit cards · credit counseling · creditor · crisis · current-events · disposable · economy · estate · estate planning · foreclosure · income · individual · interest · investments · means test · median income · non-debtor spouse · pay advices · plan · reaffirmation · research

Northern District Triple Play

October 6, 2008 · Leave a Comment

seal of the bankruptcy court

seal of the bankruptcy court

In re Stamat, 07-13379
U.S. Trustee v. Stamat, 07-01278
Issued September 24, 2008
Judge Jack B. Schmetterer
View and Download the Opinion in PDF format here

In re Gage, 07-06876
Issued September 17, 2008
Judge John H. Squires
View and Download the Opinion in PDF format here

In re Cramer, 08-3853
Issued September 12, 2008
Judge A. Benjamin Goldgar
View and Download the Opinion in PDF format here

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Categories: BAPCPA · ED · IL · ND · adversary · assets · automatic stay · bad faith · bankruptcy · case update · ch 13 · ch 7 · cir 7 · consumer · creditor · current-events · data · discharge · dismissal · disposable · goldgar · income · individual · schmetterer · squires

First Case Roundup of Fall

September 10, 2008 · Leave a Comment

7th Cir

Freeland Enodis Corp., 06-4178 [Sep. 2, 2008]
In ruling on multiple appeals arising out of bankruptcy Court holds that plaintiff trustee may avoid certain transfers by the debtor as fraudulent, but further findings are required with respect to the solvency of the debtor afterward (i.e. did the transfers render the debtor insolvent). Accordingly, summary judgment for trustee on the 547 and 548 claims is reversed and the matter is remanded for further findings on the trustee’s claims that the transferee entity was merely an ‘alter ego’ of the debtor.

8th Cir

Milavetz, Gallop & Milavetz v. US, 07-2405 [Sep. 4, 2008]
In a case challenging application of the BAPCPA, summary judgment for the plaintiff is affirmed in part and reversed in part where the Court found that while attorneys providing bankruptcy assistance are “debt relief agencies” under the BAPCPA,  526(a)(4) is unconstitutional as applied to them; nonetheless 528(a)(4) and (b)(2) are constitutional so the result is to restore the effect of the amended law (at least in part).

9th Cir

Burkhart v. Coleman, 06-15411 [Sep. 4, 2008]
In an action to quiet title, rulings that federal bankruptcy law does not preempt California protection of bona fide purchasers and that unauthorized post-bankruptcy sale of real property causes title to rest with the purchaser, not the bankruptcy estate, are affirmed where: 1) the bankruptcy estate failed to record title in the property; and 2) a bona fide purchaser bought and recorded title in the property.

Categories: BAPCPA · CA · IL · bad faith · bankruptcy · business filings · ch 11 · ch 13 · ch 7 · cir 7 · cir 8 · cir 9 · consumer · creditor · current affairs · current-events · debt relief agency · fraudulent transfers · individual · liability · opinion · research