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Tag Archives: Bankruptcy

BANKRUPTCY

A Chapter 13 above-means debtor who doesn’t make loan or lease payments may not take the deduction that is otherwise available for ownership of an automobile. See “Justices: Debtor may not deduct car payments.” U.S. Supreme Court. Ransom v. FIA ...

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U.S. Trustee advises dismissal of Pfizer unit’s bankruptcy

Pfizer Inc. should have the bankruptcy of its Quigley unit dismissed, lawyers for the U.S. Trustee said. While the bankruptcy has been pending, creditors with alleged asbestos-related health problems have been unable to sue New York-based Pfizer, and many have died, wrote lawyers for the U.S. Trustee, an arm of the Justice Department that oversees bankruptcy.

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BANKRUPTCY

Is the decision by a U.S. Bankruptcy Court to award damages in a counterclaim a “core proceeding” under federal bankruptcy law such that it trumps a Texas state court ruling awarding a decedent’s estate to another party? See “Justices to ...

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Bankruptcy filings rise

WASHINGTON – The number of bankruptcy filings in the 12-month period ending June 30 jumped 20 percent over the year before, rising to the highest levels since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect, according ...

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BANKRUPTCY

A bankruptcy trustee could seek to recover the amount by which a debtor undervalued personal property when she declared it exempt in her Chapter 7 case.

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BANKRUPTCY

Bankruptcy attorneys are “debt relief agencies” under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, and are therefore subject to its regulations. See “Bankruptcy lawyers are ‘debt relief agencies’.” U.S. Supreme Court. Milavetz, Gallop & Milavetz, P. A. ...

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