Life Insurance Proceeds Beyond 180 Days Are Estate Property in Chapter 13
Courts split on inclusion of life insurance proceeds in a chapter 13 estate.
Means Test Applies in a Chapter 7 Case Converted from Chapter 13, Circuit Rules
Eleventh Circuit relies on the ‘evolution’ of Section 707(b) to proscribe an evasion of the means test.
Court:
Circuits Split on Objective vs. Subjective Value for Fraudulent Transfer Consideration
Eleventh Circuit goes ‘objective’ while Fifth Circuit remains ‘subjective’ on value for constructive fraudulent transfers.
Court:
Judge Homer Drake Insulates Social Security Income from Chapter 13 Payment Calculation
One Georgia judge disagrees with another over a chapter 13 confirmation objection.
Bank Zapped $1.3 Million for an Erroneous Estoppel Letter that Blocked a Sale
Lender assessed the costs of chapter 11 for causing an unnecessary bankruptcy.
Foolishly Accumulating Student Loans Does Not Factor into Dischargeability, Circuit Holds
ABI President Eugene Wedoff wins a pro bono victory in the Eleventh Circuit.
Court:
Split Grows on Unanticipated Circumstances to Modify a Chapter 13 Plan
Georgia judge follows the majority by more liberally allowing a chapter 13 plan modification.
Equitable Mootness Doesn’t Deprive Appellate Court of Jurisdiction
Impossibility of upsetting a confirmed plan doesn’t result in constitutional mootness, only equitable mootness.
Court:
Foreign Representatives May Bring Avoidance Suits Under State or Foreign Law
Prohibition on avoidance actions in chapter 15 only bars suits under Bankruptcy Code powers.
Federal Judgment Rate Is Employed when Claims Are Paid in Full
Courts remain divided on what ‘legal rate’ means in Section 726(a)(5).