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Reverse Mortagage scammer gets Hammered by Submitting Fraudulent Claims

As reported in Reuters on September 4, 2015, Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims related to a U.S. Department of Housing and Urban Development program that insures reverse mortgages. The settlement announced on Friday by the U.S. Department of Justice resolved claims that Walter…

Ddbtor’s interest in a living trust, or the debtor’s beneficial interest in the living trust is not exempt under the Bankruptcy Code

In re Lewiston United States District Court, E.D. Michigan, Southern Division. August 13, 2015 — F.Supp.3d —- 2015 WL 5009253 These are appeals from orders in a Chapter 7 bankruptcy, holding that the debtor’s interest in a living trust, or the debtor’s beneficial interest in the living trust is not exempt under the Bankruptcy Code.

Mixup over debtor’s name no defense to discharge-violation claim

As reported in WestlawNext, Mixup over debtor’s name no defense to discharge-violation claim (Bkrtcy.D.N.J.) (August 26, 2015) – A dental provider violated bankruptcy’s discharge injunction by attempting to collect a debt discharged in a couple’s bankruptcy, a New Jersey bankruptcy judge has ruled, rejecting the creditor’s contention it lacked knowledge of the bankruptcy because of…

Repossessed car belongs to couple’s estate

As reported in WestlawNext, Repossessed car belongs to couple’s estate, must be returned, judge says (Bkrtcy.S.D.Ga.) (August 26, 2015) – A dealership that repossessed a couple’s car after they filed their second Chapter 13 petition violated the automatic stay because the vehicle, bought under a valid contract between bankruptcy cases, belonged to their estate, a…

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