Sixth Circuit Broadly Interprets Section 959(b) to Cover State Pension Plans A split panel on the Sixth Circuit held that Section 959(b) barred the debtor from halting participation in a state employees’ pension plan. Read more about Sixth Circuit Broadly Interprets Section 959(b) to Cover State Pension Plans
Another Workaround Following the Prohibition of Nunc Pro Tunc Orders The Supreme Court hasn’t prohibited paying counsel fees for services rendered before the entry of a retention order, Judge Preston says. Read more about Another Workaround Following the Prohibition of Nunc Pro Tunc Orders
Sixth Circuit Allows Chapter 13 Debtors to Continue Retirement Plan Contributions Sixth Circuit is the first court of appeals to take sides on a lower court split and opine that continuing to make voluntary contributions to retirement plans is excluded from ‘disposable income.’ Read more about Sixth Circuit Allows Chapter 13 Debtors to Continue Retirement Plan Contributions
Judge Shefferly Confines Viegelahn to Its Facts If a chapter 13 plan isn’t confirmed, the debtor’s counsel is paid. Read more about Judge Shefferly Confines Viegelahn to Its Facts
‘Snapshot’ Rule for Valuation Doesn’t Apply to Compelling Abandonment, Circuit Says Equity in property at the time of a hearing, not at filing, decides whether the court should compel abandonment, Sixth Circuit says. Read more about ‘Snapshot’ Rule for Valuation Doesn’t Apply to Compelling Abandonment, Circuit Says
HAVEN Act May Be Employed to Reduce Payments Under a Confirmed Chapter 13 Plan Judge Shefferly writes a complicated opinion on the retroactivity of the HAVEN Act to cases filed prior to enactment. Read more about HAVEN Act May Be Employed to Reduce Payments Under a Confirmed Chapter 13 Plan
Bankruptcy Discharge Cuts Off Future Liability on a Guaranty Courts are split on whether a personal guaranty survives bankruptcy. Read more about Bankruptcy Discharge Cuts Off Future Liability on a Guaranty
Large Medical Bills Held Not to Be ‘Consumer’ Debts Courts are split on whether large medical bills are consumer debts that invoke the means test and can bar relief in chapter 7. Read more about Large Medical Bills Held Not to Be ‘Consumer’ Debts
Courts Deeply Split on Social Security Benefits in the Chapter 13 ‘Abuse’ Test Michigan judges disagree about the court’s ability to consider Social Security benefits in deciding whether a chapter plan was proposed in good faith. Read more about Courts Deeply Split on Social Security Benefits in the Chapter 13 ‘Abuse’ Test
Another Court Approves an Arrangement for Paying Most Chapter 7 Fees After Filing Careful drafting and copious documentation are required for a bifurcated fee arrangement to pass muster in chapter 7. Read more about Another Court Approves an Arrangement for Paying Most Chapter 7 Fees After Filing