The primary issue in this Chapter 7 bankruptcy case is whether the United States Bankruptcy Appellate Panel of the Tenth Circuit (BAP) had jurisdiction to review an “order for relief” entered by a bankruptcy judge serving in the United States Bankruptcy Court for the District of Delaware (Delaware Bankruptcy Court). The Delaware bankruptcy judge entered…Read more
10th Circuit Bankruptcy Appellate Panel Decision – In re Wilcox (Unpublished)
Debtor filed a voluntary petition for Chapter 13 relief on September 17, 2010. On September 20, 2010, the bankruptcy court’s clerk’s office issued a Deficiency Notice to Debtor, advising him of his failure to file several required documents, including a Statement of Affairs and his schedules. Debtor was directed to file the required documents by…Read more
Colorado Bankruptcy Court Decision – In re Graham (Musich v. Graham)
The Plaintiff filed this adversary proceeding to prevent the discharge of a debt pursuant to Bankruptcy Code Section 523(a)(6). The debt arose from a fight that broke out during a raucous baseball game. After a criminal case, which led to a guilty plea by the Defendant to second degree assault, and several years of civil…Read more
9th Circuit Court of Appeals Bankruptcy Decision – Palmdale Hills Property, LLC v. Lehman Commercial Paper, Inc.
An automatic stay imposed by Bankruptcy Code Section 362(a) bars actions that would diminish the estate of a debtor in bankruptcy (the first debtor). Therefore, if another (also a debtor in bankruptcy) wants to equitably subordinate the creditor claims of the first debtor, it must seek relief from stay from the first debtor’s home bankruptcy…Read more
8th Circuit Bankruptcy Appellate Panel Decision – Schmidt v. Klein Bank
Klein Bank appeals from the Orders of the Bankruptcy Court denying its motions to remand its replevin actions which had been removed from the state court to the bankruptcy court. In denying the motions, the Bankruptcy Court concluded that the replevin actions are core proceedings. While this appeal was pending, the United States Supreme Court…Read more
How to Keep Your Tax Refund When You File Bankruptcy
If you’re thinking about bankruptcy, one of the most important considerations can be timing. Colorado bankruptcy exemptions only protect the Earned Income Credit and Additional Child Tax Credit portion of your federal tax refund. State tax refunds are completely unprotected. What that means is that the unprotected portion of your tax refund is part of…Read more
Colorado Bankruptcy Court Decision – In re McGough (Wadsworth v. The Word of Life Christian Center
The Debtors made numerous prepetition charitable contributions to their church throughout 2008 and 2009. The Debtors’ prepetition gross earned income was less than $10,000 each year, however, the Debtors also received over $20,000 in social security payments annually. After filing for Chapter 7 relief, the Trustee filed an adversary proceeding against the Debtors’ church seeking…Read more
Can I File Bankruptcy If I Am Unemployed?
Unemployment Is One Of The Main Reasons People File Bankruptcy There are many misconceptions floating around about bankruptcy. I hear them all the time talking with my clients. One of them is that someone has to be employed to be able to file bankruptcy. I’d like to dispel this bankruptcy myth in true lawyer fashion:…Read more
Should I Use My Retirement Account to Pay Off Credit Card Debt?
Contrary to common belief, people who file bankruptcy aren’t people who believe they shouldn’t pay their bills. I have yet to meet a client who didn’t want to pay their debts. The reason they came to me was that they simply could no longer make ends meet. For months on end they had tried everything…Read more
Can I Use Something Besides My Social Security Card At The Meeting of Creditors?
Meeting of creditors coming up? Have everything you need? Take a deep breath. This unfortunately named meeting isn’t as bad as you have built it up in your mind. Before you know it, it will be over. You’ll wonder why you ever got anxious about this five minute meeting. If you’re still anxious, take one…Read more
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