The U.S. Supreme Court has entered a unanimous decision to deny lien strip of second mortgages in Chapter 7 bankruptcy. The bankruptcy attorneys for debtors in the two cases taken together BANK OF AMERICA, N. A. v. DAVID B. CAULKETT and BANK OF AMERICA, N. A. V. EDELMIRO TOLEDO-CARDONA attempted to strip the second mortgage […]
USSC Determines Bankruptcy Judges May Decide Non-Bankruptcy Matters with Consent
The United States Supreme Court has determined that bankruptcy judges may decide non-bankruptcy matters if the parties consent. The issues presented do need to be connected to the underlying bankruptcy. In many cases, bankruptcy lawyers representing the bankruptcy Trustee file litigation actions called adversary proceedings to recover money order property transferred away from the debtor’s […]
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Bankruptcy Attorneys Oversee Customer List Sale in RadioShack Bankruptcy
Bankruptcy attorneys for corporation RadioShack have overseen the sale of customer list including personal information. The hudge fund that was the high bidder also purchased a large number of RadioShack stores and inventory. The bankruptcy attorneys and the court conducted the sale of assets in order to repay RadioShack’s creditors. Personal bankruptcy may also involve […]
The Wall Street Journal Debates Student Loan Discharge in Bankruptcy
The Wall Street Journal published two blogs today which debated the merits of amending the bankruptcy code to discharge student loan debt. One of the blogs called for reform of the cost of higher education rather than addressing dischargeability under the bankruptcy code. While the article was well intentioned, it failed to hit on the […]
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