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In Solvency
Trustee in Opus South Bankruptcy Files Preference Actions
By Fox Rothschild LLP, Fox Rothschild LLP
Last month, Jeoffrey Burtch (the "Trustee"), as Chapter 7 Trustee for the Opus South Bankruptcy, began filing preference complaints seeking to recover what the Trustee alleges are avoidable transfers under…
Delaware Bankruptcy Update
Trustee in Opus South Bankruptcy Files Preference Actions
Last month, Jeoffrey Burtch (the "Trustee"), as Chapter 7 Trustee for the Opus South Bankruptcy, began filing preference complaints seeking to recover what the Trustee alleges are avoidable transfers under…
Securities Law Prof Blog
Judge Rakoff Reduces Madoff Trustee’s Claims Against Net Winners
Judge Jed Rakoff significantly reduced the amount of money the Madoff trustee can potentially recover from "net winners." In Picard v. Katz (S.D.N.Y. 09/27/11), the trustee sought to recover over…
In Solvency
Preference Complaints Filed in the Velocity Express Bankruptcy
By Fox Rothschild LLP, Fox Rothschild LLP
Earlier this month, James Carroll in his capacity as the "Wind Down Professional" for the Velocity Express bankruptcy, began filing preference actions against various defendants. As alleged in the preference…
Texas Bankruptcy Blog
Tax Returns After Filing Chapter 13 Bankruptcy
By Bryan Fears
A Chapter 13 bankruptcy case lasts between three to five years. That is three to five New Years, three to five Fourth of July fireworks, and three to five Superbowls.…
Texas Bankruptcy Blog
What Exemption Laws Apply To Your Case?
By Bryan Fears
In 2005, Congress passed new laws making it more difficult for wealthy individuals to relocate and take advantage of another state’s more liberal exemption laws. In the past millionaires facing…
Texas Bankruptcy Blog
Education Helps Debtors After Bankruptcy
By Bryan Fears
Since changes were made to the bankruptcy laws in 2005, debtors in bankruptcy have been required to complete both a pre-bankruptcy credit counseling interview and a course in personal financial…
Texas Bankruptcy Blog
What Are The Positives From Bankruptcy?
By Bryan Fears
People who use the bankruptcy laws most successfully are generally those with the best attitudes and the proper perspectives. As one writer asked, "Is the glass half empty, half full,…
Delaware Bankruptcy Update
Trustee in DHP Holdings Bankruptcy Files Preference Actions
Introduction In July, Alfred T. Giuliano, the Chapter 7 Trustee (the "Trustee") in the DHP Holdings ("DHP") bankruptcy proceeding began filing adversary complaints against various defendants, seeking to avoid and recover…
Texas Bankruptcy Blog
How Bankruptcy Empowers
By Bryan Fears
If you are struggling with debt, chances are you are feeling powerless. Collection agents are skilled at making you feel stressed and hopeless through embarrassing phone calls at work and…