Law Suit Filed: Arrow Trucking Hit with Federal Lawsuit by Employees
December 29, 2009
Arrow Trucking Hit with Federal Lawsuit by Employees
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Law Suit Filed: Arrow Trucking Hit with Federal Lawsuit by Employees
Settlement: Nine Figure Settlement Approved in American Investors Life Insurance Class Action
December 23, 2009
Nine Figure Settlement Approved in American Investors Life Insurance Class Action
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Settlement: Nine Figure Settlement Approved in American Investors Life Insurance Class Action
Debt dischargeable in bankruptcy despite fraud
December 11, 2009
A debt could be discharged in bankruptcy even though it arose from the debtor’s settlement of a state fraud claim, the 1st Circuit Bankruptcy Appellate Panel has ruled in affirming a finding of dischargeability. The plaintiff sued in state court, alleging that debtor obtained certain assets of a building contractor as
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Debt dischargeable in bankruptcy despite fraud
Loan modification and bankruptcy complicate each other
December 4, 2009
While many debtors continue to hope for a loan modification for their home mortgage, the reality of the modification program is complicating life for bankruptcy attorneys. The HAMP (Home Affordable Modification Program), introduced in March 2009, provided guidelines for lenders to modify a home mortgage, such as capitalizing arrearages, extending a mortgage to 40 years
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Loan modification and bankruptcy complicate each other
Court considers student loan bankruptcy discharge
December 1, 2009
WASHINGTON – Can a student loan be discharged in bankruptcy without a finding of undue hardship? That is what the U.S. Supreme Court is set to decide after hearing oral arguments in the case United Student Aid Fund v. Espinosa Tuesday. The case involves Francisco J. Espinosa, who took out four student loans to attend
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Court considers student loan bankruptcy discharge
Are lawyers debt relief agencies?
December 1, 2009
WASHINGTON – The U.S. Supreme Court is considering a case that could clarify the limits on what bankruptcy attorneys can advertise and what advice they can give their clients. The case, Milavetz, Gallop & Milavetz v. U.S ., began when two attorneys at a small firm in Edina, Minn., filed suit in federal court challenging
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Are lawyers debt relief agencies?
New filing deadline law takes effect
November 30, 2009
WASHINGTON – A law lengthening several statutory deadlines under the Federal Rules of Appellate Procedure, Federal Rules of Bankruptcy Procedure, Federal Rules of Civil Procedure and Federal Rules of Criminal Procedure is set to go into effect on Dec. 1. The Statutory Time Periods Amendments Act of 2009 creates a consistent method of calculating time
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New filing deadline law takes effect
Bankruptcy on the docket at the Supreme Court
November 23, 2009
Two cases likely to have a big impact on bankruptcy law practice are set to be argued before the justices of the U.S. Supreme Court next week. In Milavetz, Gallop & Milavetz v. U.S. , the Court will consider whether a bankruptcy attorney is a “debt relief agency” and whether disclosure provisions in the 2005
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Bankruptcy on the docket at the Supreme Court
Tax liability not discharged in bankruptcy
November 23, 2009
A husband and wife’s bankruptcy did not extinguish their federal income tax liability relating to a previously filed joint return, the 9th Circuit has ruled in affirming a U.S. Tax Court decision. In 1991, the IRS assessed a $70,000 income tax liability against the taxpayers with respect to their 1990 joint
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Tax liability not discharged in bankruptcy
No ‘deductions’ for above-median debtors
November 20, 2009
Chapter 13 debtors cannot deduct payments to secured creditors for property they intend to abandon, the 9th Circuit Bankruptcy Appellate Panel has ruled in reversing a bankruptcy court. A related issue – what constitutes “projected disposable income” in a Chapter 13 case – may go to the U.S. Supreme Court. The debtors in