One thing you should know if you’re thinking about filing bankruptcy to eliminate your debts is that bankruptcy can’t get rid of all kinds of debts. For example, one type of debt that cannot be eliminated is court restitution. Restitution typically arises after someone has been arrested and a criminal court imposes as punishment, although…Read more
10th Circuit Court of Appeals Bankruptcy Decision – In re: Bakay
Plaintiffs-appellants George and Georgia Diamond filed an adversary proceeding against Chapter 7 debtor Scott Bakay alleging that Bakay fraudulently induced them to loan him money. The bankruptcy court entered summary judgment in favor of the Diamonds and declared the loan nondischargeable, but denied the Diamonds postjudgment motion for prejudgment interest. The Diamonds appealed this latter…Read more