Yes. A Bankruptcy judge in CD of Illinois revoked the Chapter 7 debtor’s discharge pursuant to 11 U.S.C.S. § 727(d)(2) because the debtor knowingly and fraudulently took possession of proceeds from a $150,000 EEOC award, failed both to notify the Trustee that the funds had arrived and to turn the funds over to the Trustee as required,…

As reported by Marcy Ford, Managing Partner of Trott Law PC: Marcy Ford is a managing partner and EVP of Bankruptcy and Firm Operations with Detroit-based Trott Law P.C. She is a member of the State Bar of Michigan, the Federal Bar Association, the Oakland County Bar Association, the American Bankruptcy Institute, and the National Association of…

Yes. In the WD of NC, a Bankruptcy judge held that a State court judgment based on willful and malicious injury to business partner through dissolution of company that caused shares to become worthless was nondischargeable. 11 USC 523(a)(6)

As posted in Entertainment by Nat Berman, here it the list: 1. MC Hammer The flamboyant musician earned $33 million in the early 1990s, but quickly blew all his cash, aided in part by his purchase of two private helicopters. It’s not easy when you’re in your 20s, have an amazingly successful album and have…

As of February 18, 2015, the debtors have filed their brief in the consolidated Supreme Court cases of Bank of Amer. v. Toledo-Cardona, No. 14-163 and Bank of Amer. v. Caulkett, No. 13-1421 (filed Feb. 17, 2014), addressing the issue of whether a wholly unsecured lien can be stripped off in chapter 7. In McNeal v. GMAC Mortg.,…

As reported by Robin Miller of CBAR, a bankruptcy court’s decision regarding an award of attorney’s fees is reviewed for an abuse of discretion. In re Boddy, 950 F.2d 334 (6th Cir. 1991). An abuse of discretion occurs where the bankruptcy court “relied upon clearly erroneous findings of fact, improperly applied the governing law or…