Of the 8,809 Chapter 13 consumer bankruptcy filings that attorney Tom Vaughn, a Chapter 13 Bankruptcy Trustee in Chicago, oversaw in 2016, 47 percent listed the Chicago Parking Bureau as a creditor, according to Vaughn’s office. Up until this year,…
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The Bankruptcy Court for the Southern District of Georgia recently held in Roach v. Skidmore College (In re Dunston), Bankr. S.D. Ga. (Jan 31, 2017), that a bankruptcy trustee could recover as a fraudulent conveyance college tuition payments the debt…
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If you have seriously delinquent tax debt, IRS can notify the State Department. The State Department generally will not issue or renew a passport after receiving certification from the IRS. The IRS has not yet started certifying tax debt to the State…
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Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth…
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Every year the American Bankruptcy Institute sponsors a seminar in the Midwest dealing with topical issues of interest to bankruptcy practitioners. The ABI Central States Seminar focuses on consumer and commercial issues and this year the seminar was…
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In its recently issued decision in Husky International Electronics, Inc. v. Ritz, a 7-1 majority of the Supreme Court has clarified that intentionally fraudulent transfers designed to hinder or defraud creditors can fall within the definition of “a…
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Caesar’s Entertainment Operating Company (along with numerous affiliates, collectively “CEOC”) filed the largest bankruptcy in Chicago’s bankruptcy court in recent memory. Large Chapter 11 filings in Chicago have been rare ever since the Kmar…
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When the Supreme Court decided Wellness Int’l Network Ltd. v. Sharif this year, one issue resulting from Stern was finally put to rest. A bankruptcy judge may enter final judgment in Stern matters with the consent of the parties, even when that…
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