Archive for December, 2007
How to Asses Bankruptcy Petition Cost
Thursday, December 13th, 2007 Assessing the filing bankruptcy cost is an important step if you are on the way to file a court petition for bankruptcy. Since you are filing for bankruptcy, it is a clear indication that you are in a deep financial trouble and the debts that you owe to various creditors are much more than...Click here to play
How to Asses Bankruptcy Petition Cost
Thursday, December 13th, 2007 Assessing the filing bankruptcy cost is an important step if you are on the way to file a court petition for bankruptcy. Since you are filing for bankruptcy, it is a clear indication that you are in a deep financial trouble and the debts that you owe to various creditors are much more than...Click here to play
Filing Bankruptcy Online : For a Smoother Bankruptcy Process
Thursday, December 13th, 2007 Now days, with the wide availability of bankruptcy form processing services on Internet, filing bankruptcy online has now become easier and the good part of the story is that the process is very easy and time saving.Filing Bankruptcy Online : For a Smoother Bankruptcy Process
Thursday, December 13th, 2007 Now days, with the wide availability of bankruptcy form processing services on Internet, filing bankruptcy online has now become easier and the good part of the story is that the process is very easy and time saving.Filing Bankruptcy Online : For a Smoother Bankruptcy Process
Thursday, December 13th, 2007 Now days, with the wide availability of bankruptcy form processing services on Internet, filing bankruptcy online has now become easier and the good part of the story is that the process is very easy and time saving.Filing Bankruptcy: Relieving the Pressure of Debt
Thursday, December 13th, 2007 Because of some reasons or others, if you have caught yourself in the heavy piles of various kinds of debts, you might be thinking about filing bankruptcy to relieve the pressure of debt.Filing Bankruptcy: Relieving the Pressure of Debt
Thursday, December 13th, 2007 Because of some reasons or others, if you have caught yourself in the heavy piles of various kinds of debts, you might be thinking about filing bankruptcy to relieve the pressure of debt.Filing Bankruptcy: Relieving the Pressure of Debt
Thursday, December 13th, 2007 Because of some reasons or others, if you have caught yourself in the heavy piles of various kinds of debts, you might be thinking about filing bankruptcy to relieve the pressure of debt.Judiciary Committee Passes Bankruptcy Bill
Wednesday, December 12th, 2007 Many commentators have suggested that President Bush's mortgage plan was intended to sandbag the effort to make home mortgages subject to modification in bankruptcy. Naturally, mortgage lenders and investors would much prefer a plan that left the decisions in their...US Supreme Court to Rule on Whether Code Section 1146’s Transfer Tax Exemption May Ever Apply to Pre-Confirmation 363 Sales
Monday, December 10th, 2007
Bankruptcy lawyers and bloggers eyeing the Supreme Court's docket this term had to be concerned at the absence of any bankruptcy cases on the Court's docket after two straight banner years of bankruptcy decision-making. Thankfully, the Court on Friday granted the State of
Does Code section 1146, which exempts sales under a confirmed plan from state and transfer taxes, apply to pre-confirmation sales of assets under Section 363?
At first blush, the answer seems obvious given that Section 1146 on its face is limited to transfers "under a plan confirmed under section 1129 of this title." But just to show you how creative bankruptcy lawyers—and judges—can get, the Eleventh Circuit agreed with the argument that the Section 1146 exemption "may apply to those pre-confirmation transfers that are necessary to the consummation of a confirmed plan of reorganization, which, at the very least, requires that there be some nexus between the pre-confirmation transfer and the confirmed plan." State of
One small problem for the respondents, and Bingham McCutcheon's Eric Brunstad, who represents the respondent-debtor; that is, Hechinger was decided by none other than then-Judge, now-Justice Alito, the author of the two latest bankruptcy opinions decided by the Supreme Court (i.e., Travelers & Marrama). I think that it's fair to say that reversal of the Eleventh Circuit's decision is about as safe a bet as you'll find.
Note: The inset picture is a famous pre-Revolutionary War political cartoon depicting "Bostonians paying the excise-man by tarring and feathering." Ahh, the good ol' days!
