The Supreme Court and the Sixth Circuit both questioned the continuing validity of doctrines of prudential standing, such as ‘person aggrieved.’
Careful drafting and copious documentation are required for a bifurcated fee arrangement to pass muster in chapter 7.
A creditor can’t have derivative standing if the trustee already sold the claim, BAP says.
The parties’ wishes are insufficient to justify sealing.
Unperfected mortgage can be perfected after discharge, BAP implies.
Courts divided on rationale, Sixth Circuit BAP adopts First Circuit’s approach.
Sixth Circuit BAP opens up a can of worms on state bankruptcy laws.