Consumer Bankruptcy

9th Circuit Oct 29, 2024

Fully Secured, Nonrecourse Creditors Can Be Involuntary Petitioners, BAP Says

An involuntary petitioner whose claim was paid after filing is still counted as an involuntary petitioner, the Ninth Circuit BAP says.

Inside ABI November 2024

President’s Column It is amazing how fast this year is flying by! I am well into the second half of my term as ABI President. Not that the Annual Spring Meeting next April is the end; I still have the pleasure of serving as Immediate Past President, then Chairman of the

Legislative Highlights November 2024

Legislative Highlights House Democrats Reintroduce “Student Borrower Bankruptcy Relief Act of 2024” As the Department of Education’s student loan repayment “on ramp” expired on Sept. 30, House Judiciary Committee Ranking Member Jerrold Nadler (D-N.Y.) and Subcommittee

9th Circuit Oregon Oct 21, 2024

A Chapter 13 Plan Amended Today Cannot Have an 84-Month Duration

The expiration of Section 1329(d) in March 2022 means that 84-month chapter 13 plans amended now must revert to 60-month plans.
3rd Circuit Oct 24, 2024

A Retirement Plan that’s Not ‘Tax-Qualified’ Is Still Excluded from Estate Property

Declining to create a circuit split, Third Circuit Judge Thomas Ambro held that a retirement plan structured according to ERISA is excluded from estate property even if transactions by the trust violated ERISA or IRS Code regulations.

Benchnotes December 2024

Benchnotes By Christina Sanfelippo, Aaron M. Kaufman and Bradley D. Pack 1 Delaware Bankruptcy Court Authorizes “Opt-Out” Nondebtor Third-Party Releases Hon. Craig Goldblatt of the U.S. Bankruptcy Court for the District of Delaware recently considered the standards for