Here’s How a Disclaimed Inheritance Can Be Recovered Under Section 544(b) Although a disclaimed inheritance is ordinarily beyond the avoiding powers, a trustee can step into the shoes of the IRS to set aside the disclaimer. Read more about Here’s How a Disclaimed Inheritance Can Be Recovered Under Section 544(b)
Assets Sold Free and Clear of a Multi-Employer Pension Plan’s Withdrawal Liability The Seventh Circuit has yet to rule precisely on whether the bankruptcy court can sell assets free and clear of successor liability. Read more about Assets Sold Free and Clear of a Multi-Employer Pension Plan’s Withdrawal Liability
Claims Discharged in Chapter 7 Revive If the Case Is Converted to Chapter 13 Courts are split over the effect on claims discharged in chapter 7 if the debtor converts the case to chapter 13. Read more about Claims Discharged in Chapter 7 Revive If the Case Is Converted to Chapter 13
Seven-Year Chapter 13 Stretchout Isn’t Available for Plans Confirmed After March 27 Two judges agree that the CARES Act amendment allowing chapter 13 plans to run for seven years is applicable only to plans confirmed before March 27. Read more about Seven-Year Chapter 13 Stretchout Isn’t Available for Plans Confirmed After March 27
Judges Split on Denial of Chapter 13 Discharge for Missing Direct Mortgage Payments Illinois judges disagree on whether direct payments to a mortgagee are “under the plan” and must be made in full to obtain a chapter 13 discharge. Judge Name - Do not use it. Laura K. Grandy Read more about Judges Split on Denial of Chapter 13 Discharge for Missing Direct Mortgage Payments