The Illinois Bankruptcy Lawyer Blog

Entries categorized as ‘cir 2’

case roundup – cir 1, 2, 3, 5

October 21, 2008 · Leave a Comment

seal of the bankruptcy court

seal of the bankruptcy court

Cir 1 [Oct 06, 2008]
Gray v. Evercore Restructuring LLC, No. 072588
In a bankruptcy matter alleging gross negligence and breach of fiduciary duty for formulating and promoting an unworkable restructuring plan to the bankruptcy courts, judgment in favor of defendants is affirmed over claim that the district court erred in dismissing complain on in pari delicto defense grounds.

In Re High Voltage Eng’r Corp., No. 072589
In a bankruptcy matter, dismissal of trustee-plaintiff’s claim is affirmed where: 1) the trustee filed his notice of appeal in the wrong set of cases; and 2) the misdirected filing deprived the district court of jurisdiction to modify, vacate, or rescind the fee awards.

In Re Engage, Inc., No. 081257
In a bankruptcy matter, questions on attorney’s lien statute are certified where there was no controlling precedent and where the questions were determinative of the pending cause of actions. Certified questions are: 1) Does chapter 221, section 50 of the Massachusetts General Laws grant a lien on patents and patent applications to a Massachusetts attorney for patent prosecution work performed on behalf of a client? and 2) If chapter 221, section 50 of the Massachusetts General Laws does grant a lien and the issued patents or patent applications are sold, does the attorney’s lien attach to the proceeds of the sale?

Cir 2 [Oct 14, 2008]
Browning v. MCI, Inc., No. 062079
Bankruptcy court’s order enjoining property-owner plaintiff from further prosecuting state claims against defendant-MCI is affirmed where to the extent plaintiff’s claims were viable under state law, they were pre-petition claims that were discharged by confirmation of defendant-MCI, Inc.’s plan of reorganization.

Cir 3 [Oct 16, 2008]
In Re: Mystic Tank Lines Corp., No. 06-4033
In a bankruptcy case, allowance of a state government’s claim against debtor for damages for cleanup of contamination at a gas station is affirmed where: 1) the claim was subject to the police-power exception to the automatic stay against the pursuit of money judgments in bankruptcy cases; and 2) a state court had jurisdiction to enter a default judgment against debtor, notwithstanding that the state had already brought a related claim before the bankruptcy court.

Cir 5 [Oct 13, 2008]
Campbell v. Countrywide Home Loans Inc., No. 07-20499
In a suit accusing defendant of filing a claim attempting to collect a pre-petition debt in violation of an automatic stay in plaintiffs’ Chapter 13 bankruptcy, an interlocutory order granting partial summary judgment for plaintiffs is reversed where: 1) unpaid escrow payments that accumulate pre-petition in the year that a bankruptcy petition is filed, and which the creditor had a right to collect under the loan documents, constitute a “claim” under the Bankruptcy Code; but 2) the filing of a proof of claim including the amounts of these payments does not by itself violate an automatic stay in a bankruptcy proceeding. (Revised opinion)

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Categories: case update · ch 11 · ch 13 · ch 7 · cir 1 · cir 2 · cir 3 · cir 5 · crisis · current-events · data · economy · foreclosure · fraud · income · individual

filings head back up! up! up!

September 1, 2008 · Leave a Comment

Almost a million bankruptcy cases were filed since last June according to UST statistics.

The Highlights

Consumer +28.4%

Business +41.6%

Ch. 7 +36.7%

Ch. 13 +16.9%

Ch. 11 +30.6%

Categories: Administrative Office of the Courts · BAPCPA · Census Bureau · Executive Office of the UST · IL · IND · Middle class · UST · administrative · aoc · article · bankruptcy · blogging · blogs · business filings · ch 11 · ch 13 · ch 7 · cir 1 · cir 10 · cir 11 · cir 2 · cir 3 · cir 4 · cir 5 · cir 6 · cir 7 · cir 8 · cir 9 · consumer · current affairs · current-events · data · debt · economy · filings · government unit · individual · pay.gov · subprime · trustee

case updates – hometown, cir 3, cir 8

July 24, 2008 · Leave a Comment

3rd cir

Windt v. Qwest Communications, 06-4662, 06-4808 [June 10, 2008]
In a lawsuit brought by bankruptcy trustees of a Dutch company asserting various claims against defendants who were allegedly responsible for the company’s insolvency, judgment dismissing trustee-plaintiff’s complaint on forum non-conveniens grounds is affirmed where the district court did not abuse its discretion in: 1) affording low deference to plaintiffs’ choice of forum in view of Netherlands’ substantial interest in resolving a dispute concerning alleged mismanagement of a Dutch company by board members and officers of that Dutch company; 2) concluding that avoiding problems in the application of foreign law favored dismissal; 3) balancing the public and private interest factors implicated in the case; and 4) determining that the convenience of litigating the dispute in New Jersey was outweighed by the oppressive or vexatious effect on defendants.

 

8th cir

US v. Mitchell, 07-3136 [June 10, 2008]
Conviction upon defendant’s retrial for knowingly and fraudulently making a false statement under penalty of perjury in a bankruptcy case is affirmed where the circuit court declines to revisit a double jeopardy issue, and there was sufficient evidence to sustain his conviction.

ND IL ED

In re Weadley, 06-1854
Bibby Financial v. Weadley, 07-683
Issued June 11, 2008
Judge A. Benjamin Goldgar

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case roundup 2nd, 5th

June 28, 2008 · Leave a Comment

cir 2

In re: Penn Traffic Co. , No. 07-1854  [April 29, 2008]

A party (other than the debtor) to an executory contract cannot make the contract non-executory (hence beyond rejection) by tendering performance after the debtor has filed. The debtor retains its right to reject the contract if it is not in the best interest of the estate to honor it.

cir 5

In the Matter of: Babcock & Wilcox Co., No. 07-30377 [May 1, 2008]

An award of Attorneys’ Fees is affirmed on an appeal from a bankruptcy case. It was not an abuse of discretion for the bankruptcy court to award fees at half the normal hourly rate for travel time not spent working.

Categories: assets · bankruptcy · case update · ch 11 · ch 7 · cir 2 · cir 5 · estate · fees · individual · opinion · research

new median income figures as of february

February 7, 2008 · Leave a Comment


U.S. Trustee Program

Census Bureau Median Family Income By Family Size

(Cases Filed On and After February 1, 2008) 

Median family income data for use in completing Bankruptcy Forms 22A and 22C.

 

 

FAMILY SIZE

STATE

1 EARNER

 2 PEOPLE

3 PEOPLE

4 PEOPLE *

Alab

$36,192

$44,918

$51,103

$62,015

Alask

$45,012

$68,008

$72,382

$73,825

Arizon

$40,945

$53,153

$59,782

$66,903

Arkans

$32,534

$41,760

$48,943

$53,671

Califor

$46,814

$61,742

$66,611

$76,931

Colo

$44,203

$62,302

$66,731

$77,933

Conn

$55,410

$68,879

$78,973

$96,493

Del

$44,378

$55,646

$66,687

$80,552

Dist. Col.

$39,504

$67,790

$67,790

$73,609

Fla

$40,036

$50,636

$56,923

$66,876

Geor

$39,171

$51,425

$58,885

$68,611

Haw

$47,256

$60,223

$71,553

$86,878

Ida

$37,347

$48,211

$54,709

$59,720

Ill

$44,673

$56,545

$66,607

$77,634

Ind

$39,384

$51,056

$57,510

$69,718

Iowa

$37,759

$50,581

$59,331

$69,723

Kans

$38,594

$52,989

$58,075

$69,831

Kent

$37,097

$43,482

$52,106

$61,917

Louis

$34,342

$42,682

$52,231

$61,874

Maine

$38,090

$47,699

$59,883

$65,310

Maryl

$52,597

$68,075

$80,344

$96,695

Mass

$52,633

$63,039

$77,960

$91,892

Mich

$43,123

$51,878

$61,796

$74,658

Minn

$45,217

$60,377

$70,695

$83,797

Mississ

$30,424

$38,919

$43,587

$54,501

Misso

$37,747

$48,944

$56,478

$65,076

Mont

$38,968

$48,079

$53,595

$62,301

Nebr

$37,209

$52,690

$59,708

$70,880

Neva

$45,642

$57,860

$65,032

$67,977

New H

$51,512

$63,505

$72,736

$89,885

New J

$56,151

$64,821

$83,306

$97,131

New M

$35,691

$48,870

$48,870

$53,516

New Y

$44,587

$54,397

$64,673

$77,664

N Carol

$36,271

$49,259

$55,498

$63,169

N Dak

$36,735

$49,893

$61,305

$69,484

Ohio

$40,168

$49,708

$59,786

$70,532

Okla

$34,554

$46,222

$48,730

$56,598

Oreg

$42,460

$53,236

$59,686

$66,678

Penns

$43,166

$50,628

$63,491

$76,182

Rhode

$47,080

$59,763

$64,933

$80,416

S Carol

$35,185

$46,521

$52,992

$61,362

S Dakot

$32,854

$49,419

$61,884

$65,317

Tenn

$36,380

$46,039

$53,337

$61,856

Tex

$36,285

$51,355

$53,803

$61,511

Utah

$45,724

$51,583

$58,285

$65,397

Vt

$42,344

$53,622

$61,825

$69,817

Virg

$46,055

$61,115

$69,719

$80,646

Wash

$48,030

$60,252

$68,139

$77,280 

W. Va

$37,164

$39,602

$50,440

$57,513

WIsc

$41,528

$54,297

$65,440

$74,560

Wyom

$35,941

$53,330

$60,289

$73,597

Add $6,900 for each individual in excess of 4

COMMONWEALTH

FAMILY SIZE

 

1 EARNER

2 PEOPLE

3 PEOPLE

4 PEOPLE *

GUAM

$34,783

$41,588

$47,392

$57,351

NORTHERN MARIANA ISLANDS

$23,357

$23,357

$27,175

$39,969

PUERTO RICO

$19,736

$19,736

$22,256

$26,128

VIRGIN ISLANDS

$27,597

$33,169

$35,364

$38,746

 

 

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