Help for Hurricane Harvey victims

It seems hard to believe that more than a week has passed since the initial impact of Hurricane Harvey and there are still so many areas under water with rescues still proceeding. However, in the aftermath of this truly devastating natural disaster it is encouraging to see so many relief efforts coming from across the…

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Six Reasons Bankruptcy Credit Reports are Superior

Six Reasons Bankruptcy Credit Reports are Superior

What makes CIN Legal Data Services credit reports superior? Not only are they created specifically for bankruptcy attorneys, but they are designed to help you easily review client data. Quickly identify and find information without looking through unnecessary data or multiple sources – get everything you need in one credit report! Here are six reasons…

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Inflation Adjusted Dollar Amounts

Dollar Amounts Adjusted in Code and Forms The Judicial Conference of the United States recently published increases to the federal exemptions and to dollar amounts throughout the Bankruptcy Code[1] effective for cases filed on and after April 1, 2016. Adjustments are made at three-year intervals to reflect changes in the Consumer Price Index. Amounts affected…

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Zachary v California Bank & Trust

Ninth Circuit Adopts Narrow Exception to Absolute Priority Rule The U.S. Court of Appeals for the Ninth Circuit recently held that the Bankruptcy Abuse and Consumer Protection Act (BAPCPA) did not repeal the absolute priority rule as applied to individual Chapter 11 debtors. BAPCPA created an exception to the rule for individual debtors, but the…

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Revised Bankruptcy Forms Effective December 1

The Bankruptcy Rules Advisory Committee will conclude its multi-year forms modernization project to revise many of the Official Bankruptcy Forms. The first group of forms, the fee waiver, fee installment forms, and income and expenses schedules, went into effect on December 1, 2013. On December 1, 2014, revised bankruptcy appellate forms and means test forms…

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Claims Bar Date Applies to Secured Creditors

The U.S. Court of Appeals for the Seventh Circuit recently held that the 90-day claims bar deadline in Federal Rule of Bankruptcy Procedure 3002(c) applies to the claims of all creditors, including those of secured creditors, who want to participate in a debtor’s Chapter 13 bankruptcy. The debtor filed a Chapter 13 bankruptcy case, and…

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Ongoing Association Fees Dischargeable

Chapter 13 debtors’ plan that did not provide for the payment of ongoing condominium assessments could be confirmed over the objection of the homeowners association. The obligation to pay future assessments arises prepetition and, therefore, the obligation, although contingent and not yet matured, is a dischargeable “debt” within the meaning of Bankruptcy Code Sec. 1328(a)….

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