Real Estate Property taxes are often a major issue that drives a debtor into chapter 13 and perhaps 7. The various states and municipalities have may different ways to collect the taxes, including the opportunity to sell the taxes to a buyer who can ultimately obtain title to the property for payment of those taxes. This session would be a discussion of common issues faced by debtors, municipalities and courts around the country regarding the payment and collection of these taxes.
Attendees will understand the many ways that real estate property taxes are handled by municipalities and bankruptcy courts.
Attendees will understand the various procedural and legal issues that a debtor much be aware as they attempt to deal with these taxes in their Bankruptcy case.
Consumer
Janet
Baer
janet_baer@ilnb.uscourts.gov
US Bankruptcy Court, ND Il
Judge Harner's recent Cleary Packaging opinion is a good illustration of how amorphous some of the jurisprudence on new value is after 203 N. LaSalle. This is a topic that practitioners need to know well in a contested non-sub v confirmation hearing. A survey of what works and what doesn't could be very helpful.
Business
This panel would provide an overview of valuation issues in bankruptcy cases. I would expect that the panelists (all non-attorneys, but maybe one judge) would discuss purposes, standards, and fair market valuation; plus, premises of value, going-concern value, liquidation value; and also market based, income, and asset based approaches to valuation.
Business
John
Lucas
jlucas@pszjlaw.com
Pachulski Stang Ziehl & Jones
