July 2021
A chapter 13 debtor was permitted to make a fraction of the pension contributions permitted by the IRS Code.
Massachusetts bankruptcy judge requires flexibility from both the government and the debtor who is saddled with huge student loans.
When personal property can be owned by the entireties, a tax refund isn’t estate property even if the bankrupt spouse earned all income.
Courts are split on whether having nondischargeable debts gives an individual chapter 7 debtor standing to object to claims.
At least in New York, a litigation finance agreement can’t be written to remove all of the lender’s exposure to the borrower’s bankruptcy.