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The House and Senate sprinted to recess for the Nov. 7 elections without completing action on several pending clarifications to bankruptcy law. Bills covering issues ranging from the treatment of tithing to an increase in chapter 7 trustee …
To enable a fresh start, debtors often seek to avoid judicial liens that impair a claimed homestead exemption. With adjustable-rate mortgages, rising credit costs and increasing delinquencies, there is likely to be more activity in this mot…
In consumer chapter 7 cases, the debtor frequently will be the lessee under an unexpired residential or a vehicle lease. Because these leases rarely, if ever, benefit the estate, the trustee generally will not assume a residential or consum…