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Description
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The product of years of effort and experience by leading bankruptcy practitioners and judges in
both the Eastern and Western Districts of Virginia, this book helps answer questions such as how
to save a business through a reorganization; what happens when you are pursuing an action on
behalf of a creditor and the debtor files for bankruptcy protection; how to get relief from the
automatic stay; and how to engage in pre-bankruptcy planning without getting your client (and
yourself) into trouble with criminal statutes pertaining to the concealment of assets. It also
provides an overview of the substantial changes the Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005 (BAPCPA) made to the Bankruptcy Code.
This book was published in 2008. Forms on disk are also included. This book is available in both print and CD-ROM formats, and the entire book as well as most individual chapters are also available for immediate download. Please see the information on electronic books before
selecting the CD-ROM or download option.
Editors: Kevin R. Huennekens, H. David Cox
Authors:
| Benjamin C. Ackerly |
Douglas E. Little |
| Herbert L. Beskin |
John K. Lyons |
| G. Russell Boleman, III |
Bruce H. Matson |
| William H. Casterline, Jr |
Richard C. Maxwell |
| Michael A. Condyles |
Hon. Robert G. Mayer |
| Rebecca B. Connelly |
Hon. Stephen S. Mitchell |
| Dale A. Davenport |
James M. Nolan |
| Guy A. Davis |
Stanley J. Samorajczyk |
| Steven L. Higgs |
Frank J. Santoro |
| Vivieon E. Kelley |
Hon. William F. Stone, Jr. |
| Hon. Ross W. Krumm |
Hon. Stephen C. St. John |
| Mark C. Leffler |
Lynn L. Tavenner |
| Dennis T. Lewandowski |
Hon. Douglas O. Tice, Jr. |
Copyright © 2008 Virginia Law Foundation. All rights reserved.
TABLE OF CONTENTS
Chapters and Authors
Acknowledgments
Preface
About the Editors and Authors
Forms on Disc: Instructions and Table
CHAPTER 1: HISTORY AND PURPOSE OF BANKRUPTCY LAW
1.1 INTRODUCTION
1.2 HISTORY OF BANKRUPTCY
1.201 Early and Middle Ages
1.202 Colonial and Modern United States
1.3 PURPOSE AND POLICIES
1.4 STRUCTURE OF THE BANKRUPTCY CODE: THE PLAYERS
1.401 Trustee
1.402 United States Trustee
1.403 Judge
1.404 Debtor
1.405 Creditor
1.5 TYPES OF RELIEF
1.501 Chapters 1, 3, and 5
1.502 Chapter 7
1.503 Chapter 11
1.504 Chapter 12
1.505 Chapter 13
1.6 BANKRUPTCY ABUSE PREVENTION AND CONSUMER PROTECTION ACT OF
2005
CHAPTER 2: COMMENCEMENT OF A CASE AND PROCEEDINGS IN A
PENDING CASE
2.1 PRACTICE IN BANKRUPTCY COURT
2.101 In General
2.102 Requirements for Admission
2.103 Practice by Non-Admitted Attorneys
2.104 Application and Certification Forms
2.105 Non-Attorney Representatives
2.106 Attorneys' Ethical Obligations
2.2 INITIAL PLEADINGS
2.201 Petition
2.202 Matrix of Creditors
2.203 Creditor's Address
2.204 Filing Fee
2.205 Amendment of Pleadings
2.206 Electronic Case Filing
2.3 SCHEDULES AND STATEMENTS
2.301 In General
2.302 Schedules A-J
2.303 Statements
2.4 OTHER NECESSARY PLEADINGS AND PAPERS
2.401 Homestead Deed
2.402 Corporate Resolution
2.403 Additional Papers for Chapter 11 Cases
2.404 Chapter 12 Plan
2.405 Chapter 13 Plan
2.406 Most Recent Tax Return
2.407 Interest in Educational IRA
2.408 Proof of Identity
2.409 Statement Disclosing Change in Income Postpetition
2.5 SUBSTANTIVE CONSOLIDATION AND JOINT ADMINISTRATION
2.501 In General
2.502 Substantive Consolidation
2.503 Joint Administration
2.6 ELIGIBILITY OF DEBTOR
2.601 In General
2.602 Briefing with Budget and Credit Counseling Entity
2.603 Chapter 7
2.604 Chapter 9
2.605 Chapter 11
2.606 Chapter 12
2.607 Chapter 13
2.7 TYPES OF PROCEEDINGS IN A BANKRUPTCY CASE
2.701 "Adversary Proceedings" and "Contested Matters"
Distinguished
2.702 Caption of the Pleadings
2.8 ADVERSARY PROCEEDINGS
2.801 Types of Relief Sought
2.802 Applicable Bankruptcy Rules: Part VII
2.803 Initial Pleadings
2.804 Service of Summons and Complaint
2.805 Pretrial Conference
2.806 Additional Forms Available at Eastern District Website
2.9 CONTESTED MATTERS
2.901 Initiation by Motion
2.902 Matters Commenced by Objection to Motion
2.903 Contested Matters Under Rule 9014
2.904 Form of Pleading
2.905 Filing Pleadings After Case Closed
2.906 Service
2.907 Response to a Motion
2.908 Local Rules
CHAPTER 3: CASE ADMINISTRATION
3.1 SALE OF ASSETS--SECTION 363
3.101 In General
3.102 Sales Free and Clear of Interests
3.103 Sale of Interests of Co-Owners
3.104 Credit Bids by Secured Parties
3.105 Effect of Law or Contract Provisions Prohibiting Use, Sale,
or Lease of Property of the Estate
3.106 Effect of Reversal or Modification Upon Appeal
3.107 Prohibition Against Collusive Bidding
3.108 Bidding Procedures and Buyer Protection Devices
3.2 EXECUTORY CONTRACTS AND UNEXPIRED LEASES--SECTION 365
3.201 Introduction
3.202 Definitions
3.203 Assumption or Rejection
3.204 Time Periods to Assume or Reject
3.205 Debtor-in-Possession's Duties or Obligations Pending
Assumption or Rejection
3.206 Effect of Rejection
3.207 Assignment
3.208 General Matters
3.3 CASH COLLATERAL AND POSTPETITION FINANCING
3.301 Cash Collateral--Section 363
3.302 Postpetition Financing--Section 364
3.4 CONVERSION AND DISMISSAL OF CASES
3.401 In General
3.402 Conversion and Dismissal by Chapter
3.403 Bad Faith Dismissal--Section 109(g)
3.404 Effect of Conversion
3.405 Effect of Dismissal
3.406 Rules and Procedures for Dismissal or Conversion--Rule
1017
3.407 Other Grounds for Dismissal or Transfer
CHAPTER 4: PROPERTY OF THE BANKRUPTCY ESTATE
4.1 INTERESTS IN PROPERTY
4.101 Concepts
4.102 Interests in Real Property
4.103 Interests in Personal Property
4.104 Property Rights Personal to Debtor
4.105 Rights of Action
4.106 Bank Deposits
4.107 Escrowed Assets
4.108 Pawned Property
4.2 INTERESTS IN RECOVERED OR PRESERVED PROPERTY
4.201 Property Recovered by Trustee or Debtor-in-Possession
4.202 Property Interests Preserved for the Benefit of the
Estate
4.3 INTERESTS ARISING UPON THE DEATH OF A NON-DEBTOR
4.301 In General
4.302 Death Occurring Before the Bankruptcy Filing
4.303 Death Occurring After the Bankruptcy Filing
4.304 Life Insurance Policies or Death Benefit Plans
4.4 INTERESTS IN PROPERTY FROM A DIVORCE
4.401 Debtor's Entitlement to the Asset
4.402 Necessity of Court Order or Property Settlement
Agreement
4.403 Future Spousal Support
4.404 Vested Equitable Rights of Non-Debtor Spouse
4.5 POSTPETITION DERIVATIVES FROM PROPERTY OF THE ESTATE
4.501 In General
4.502 Proceeds
4.503 Rents
4.6 POSTPETITION ACQUISITIONS
4.601 In General
4.602 Bankruptcy Trustee Contracts
4.603 Proceeding Converted from Chapter 11 to Chapter 7
4.604 Loss of Tenancy by the Entireties Status
4.7 POWERS EXERCISABLE FOR THE BENEFIT OF A NON-DEBTOR
4.701 Powers of Appointment
4.702 Corporate Powers
4.703 Failed Trusts
4.8 EXPIRED AND EXPIRING LEASES
4.801 Commercial Leases
4.802 Residential or Personal Property Leases
4.9 PROPERTY ENCUMBERED BY RESTRICTIONS ON TRANSFER
4.901 Contractual Provisions that Purport to Cancel the Debtor's
Property Rights Upon Insolvency
4.902 Non-Retirement Spendthrift Trusts
CHAPTER 5: FRESH START AND DISCHARGE
5.1 INTRODUCTION
5.2 TREATMENT OF ENCUMBERED ASSETS
5.201 In General
5.202 Abandonment of Property of the Estate
5.203 Avoidance of Liens
5.204 Reaffirmation of Secured Debt
5.205 Redemption of Encumbered Assets
5.3 DISCHARGE IN BANKRUPTCY
5.4 CHAPTER 7 DISCHARGE
5.401 In General
5.402 Procedures for Objecting to Discharge
5.403 Time Limitations
5.404 Burden of Proof
5.405 Grounds for Objecting to Discharge
5.406 Revocation of Chapter 7 Discharge
5.5 CHAPTER 13 DISCHARGE
5.501 In General
5.502 Hardship Discharge
5.503 Limitation on Chapter 13 Discharge
5.504 Discharge of Postpetition Debts
5.505 Revocation of Chapter 13 Discharge
5.6 CHAPTER 11 DISCHARGE
5.601 In General
5.602 Not Granted in Liquidation
5.7 CHAPTER 12 DISCHARGE
5.701 Denial of Discharge
5.702 Revocation of Discharge
5.8 EFFECT OF DISCHARGE
5.801 In General
5.802 Enjoins Creditor Action
5.803 Release from Liability
5.804 Some Liens Still Enforceable
5.805 Liability of Co-Debtors or Makers
5.9 CREDITOR'S PERSPECTIVE
5.901 Objection to Discharge Versus Objection to Dischargeability
of a Debt
5.902 Non-Dischargeable Debts
5.903 Time Limitations for Filing Objections to Discharge
5.904 Procedures for Objecting to Dischargeability of a Debt
5.905 Time for Filing
5.906 Extensions of Time
5.907 Timing of Other Objections
5.908 Exceptions to the Dischargeability of Debts
CHAPTER 6: POWERS OF THE BANKRUPTCY TRUSTEE
6.1 SECTION 544: TRUSTEE AS LIEN CREDITOR
6.101 In General
6.102 Scope of Trustee's Strong Arm Rights and Powers
6.103 Trustee as Judgment Lien Creditor
6.104 Trustee as Unsatisfied Judgment Creditor
6.105 Trustee as Bona Fide Purchaser of Real Property
6.2 SECTION 545: STATUTORY LIENS
6.201 In General
6.202 Insolvency Liens
6.203 Unperfected or Unenforceable Liens
6.204 Liens for Rent
6.205 Avoidance Powers Subject to Seller's Reclamation
Rights
6.3 SECTION 547: PREFERENCES
6.301 In General
6.302 Transfer of an Interest in Property
6.303 Antecedent Debt
6.304 Transfer Made While Debtor Is Insolvent
6.305 Creditor Receives More Than if the Case Had Been a
Chapter 7 Proceeding
6.306 Transfers to Insiders
6.307 Burden of Proof
6.308 Exceptions
6.4 SECTION 548: FRAUDULENT CONVEYANCES
6.401 In General
6.402 Elements of Proof Under Section 548(a)
6.403 When the Transfer or Obligation Occurred
6.404 Actual Fraud
6.405 Constructive Fraud
6.406 Charitable Transfers
6.407 Partnerships
6.408 Good Faith Transferees
6.5 SECTION 549: POSTPETITION TRANSACTIONS
6.501 In General
6.502 Transfers Made in the Ordinary Course of Business
6.503 Involuntary Transfers
6.504 Transfers to Good Faith Purchasers
6.505 Statute of Limitations
6.506 Jury Trial
6.6 SECTION 553: SETOFF AND RECOUPMENT
6.601 In General
6.602 Mutuality
6.603 Conditions to Exercise of Setoff
6.604 Recoupment
6.7 SECTION 550: LIABILITY OF TRANSFEREE OF AVOIDED TRANSFER
6.701 In General
6.702 Limitations on Recovery
6.8 SECTION 551: AUTOMATIC PRESERVATION OF AVOIDED TRANSFER
6.801 In General
6.802 Preservation for Benefit of Estate
6.803 Priority Status of Estate's Interest
6.9 SECTION 546: LIMITATIONS ON AVOIDANCE POWERS
6.901 In General
6.902 Time Limitations
6.903 Limitations on Power to Avoid Postpetition Perfection
6.904 Seller's Right of Reclamation
6.905 Certain Transfers Not Avoidable
CHAPTER 7: DEBTOR EXEMPTIONS AND AVOIDANCE ACTIONS
7.1 EXEMPTION SYSTEM
7.2 METHOD OF CLAIMING EXEMPTIONS
7.201 Schedule C of the Bankruptcy Schedules
7.202 Homestead Deed
7.3 AVAILABLE EXEMPTIONS
7.301 Homestead Exemption
7.302 Poor Debtor's Exemption
7.303 Other Exemptions
7.4 PROPERTY HELD AS TENANTS BY THE ENTIRETY
7.401 In General
7.402 Grant Must Be Specific
7.403 Real and Personal Property Coverage
7.404 Impact on Joint Bankruptcy Cases
7.405 Entireties Property Is Not Immune From Tax Liens
7.5 EXEMPTION PLANNING AND DEBTOR AVOIDANCE ACTIONS
7.501 In General
7.502 Trustee's Ability to Retain or Offset Exempt Property
7.6 OBJECTIONS TO EXEMPTIONS
7.601 Deadlines for Objections
7.602 Deadlines for Objections to Amended Exemptions
7.603 Inappropriate or Frivolous Exemptions
7.604 Objection Period in Converted Cases
7.605 Basis for Objections
7.606 Basis for Attorney Fee Award for Litigation of Allowed
Exemption
APPENDIX 7-1: HOMESTEAD DEED FOR REAL PROPERTY
APPENDIX 7-2: HOMESTEAD DEED FOR PERSONAL PROPERTY
APPENDIX 7-3: OBJECTION TO EXEMPTIONS
APPENDIX 7-4: LIST OF EXEMPTIONS
CHAPTER 8: CHAPTER 7: LIQUIDATION PLAN
8.1 INTRODUCTION
8.101 Source of Law
8.102 Overview of the Process
8.103 Candidates for Chapter 7
8.104 Nature of the Discharge
8.105 Automatic Dismissal
8.2 PRE-INTERVIEW MAILING
8.201 Providing Advance Information
8.202 Alternatives to Bankruptcy
8.203 Pre-Consultation Questionnaire
8.204 Obtaining Client Credit Reports
8.205 Information and Materials
8.206 Prior Bankruptcies
8.207 Prior Homestead Deeds
8.3 INITIAL MEETING WITH CLIENTS
8.301 Explaining the Process
8.302 Relevant Factors
8.303 Choice of Chapter
8.304 Full Disclosure
8.305 Effect on Future Credit
8.306 Timing the Filing
8.307 Where to File
8.308 Client Communication
8.309 Handling Creditor Contacts
8.310 Debt Payments
8.311 Continued Use of Credit Cards
8.312 Redemption
8.313 Reaffirmation
8.314 Engagement Agreement
8.315 Recovery of Property
8.316 Protecting Cash Accounts
8.317 Pension or Retirement Accounts
8.318 Codebtors or Guarantors
8.319 Nondischargeable Debts
8.320 Tax Debts
8.321 Fraud and Other Problems
8.322 United States Trustee's Office
8.323 Action List
8.4 PREPARATION OF SCHEDULES
8.401 Office Procedures
8.402 Encouraging Client Compliance
8.403 Attorney and Client Review
8.5 TITLE SEARCH ON REAL ESTATE
8.501 Reasons for the Search
8.502 Timing of the Title Search
8.503 Malpractice Concerns
8.6 VALUATION ISSUES
8.601 Verification of Payoff and Value
8.602 Perfection Issues
8.7 FILING THE BANKRUPTCY PETITION
8.701 General Information
8.702 Schedules of Debts
8.703 Schedules of Assets
8.704 Monthly Budget
8.705 Statement of Financial Affairs
8.706 Statement of Intentions
8.8 AFTER THE PETITION IS FILED
8.801 Debtor's Duties
8.802 Creditors' Meeting
8.803 Subsequent Hearings
8.804 Working with the Trustee
8.805 Discharge
8.9 POSTPETITION CREDITOR ACTION
8.10 DISCRIMINATORY TREATMENT
8.1001 In General
8.1002 By Governmental Units
8.1003 By Private Employers
8.11 LEGAL AND ETHICAL ISSUES
8.1101 In General
8.1102 Protecting Assets
APPENDIX 8-1: CHECKLIST
APPENDIX 8-2: INITIAL CLIENT QUESTIONNAIRE
APPENDIX 8-3: COVER LETTER ACCOMPANYING BANKRUPTCY
SCHEDULES
APPENDIX 8-4: LETTER TO CLIENT
CHAPTER 9: CHAPTER 13: WAGE EARNER PLAN
9.1 NATURE OF A CHAPTER 13 CASE
9.101 In General
9.102 Choice of Chapters
9.2 INITIATING A CHAPTER 13 CASE
9.201 Chapter 13 Petition
9.202 Automatic Dismissal
9.203 Getting the Documents Together
9.204 Practice Pointers
9.3 FORMULATING AND FILING A CHAPTER 13 PLAN
9.301 In General
9.302 Form Chapter 13 Plan for Virginia
9.303 Drafting the Plan
9.4 GETTING TO CONFIRMATION: FROM PETITION TO THE CONFIRMATION
HEARING
9.401 In General
9.402 Postpetition, Pre-Confirmation Motions and Orders
9.403 Section 341 Meeting of Creditors
9.404 From 341 Meeting to the Confirmation Hearing
9.5 CONFIRMATION OF THE PLAN
9.501 The Confirmation Hearing
9.502 Confirmation Criteria
9.503 Proving Confirmation Over an Objection: Carrying the
Burden of Proof
9.504 The Effect of Plan Confirmation
9.505 Effect of Plan Confirmation on Property of the Estate
9.6 POSTCONFIRMATION PRACTICE: WHAT CAN HAPPEN AFTER THE PLAN IS
CONFIRMED
9.601 In General
9.602 Debtor Education
9.603 Claims Review
9.604 Postconfirmation Plan Modification
9.605 Postconfirmation Motions
9.7 COMPLETION AND DISCHARGE
9.701 Discharge Requirements
9.702 Debts that May Be Discharged
9.703 Hardship Discharge
9.704 Eligibility for Discharge in Future Case
9.705 Retention of Records and Reestablishment of Credit
APPENDIX 9-1: FORM B22C--CHAPTER 13 INCOME STATEMENT
APPENDIX 9-2: TIPS FOR COMPLETING FORM B22C (CMI FORM)
APPENDIX 9-3: SPECIAL NOTICE
APPENDIX 9-4: TIPS FOR PREPARING SCHEDULES
APPENDIX 9-5: SAMPLE OBJECTIONS TO CONFIRMATION
APPENDIX 9-6: AFFIDAVIT REQUESTING CONFIRMATION
APPENDIX 9-7: CERTIFICATION OF COMPLIANCE WITH SECTION 1328
APPENDIX 9-8: CHAPTER 13 PLAN AND RELATED MOTIONS
APPENDIX 9-9: NOTICE OF PROPOSED ADEQUATE PROTECTION PAYMENTS
AND OPPORTUNITY FOR HEARING ON OBJECTION
CHAPTER 10: CHAPTER 11: REORGANIZATION
10.1 INTRODUCTION
10.101 In General
10.102 Planning Stage
10.103 Early Days
10.104 Business Stabilization
10.105 Plan Process
10.106 Creditor Perspective
10.2 DEBTOR-IN-POSSESSION
10.3 CREDITORS' COMMITTEES
10.4 OPERATING ISSUES
10.5 SALES OUTSIDE THE ORDINARY COURSE
10.6 EXAMINER-TRUSTEE
10.7 EXCLUSIVITY
10.701 Extension of Exclusivity
10.702 Termination of Exclusivity
10.8 ELEMENTS OF A CHAPTER 11 PLAN
10.9 DISCLOSURE STATEMENT
10.10 CONFIRMATION OF THE PLAN
10.11 EFFECT OF CONFIRMATION
10.12 POSTCONFIRMATION ISSUES
CHAPTER 11: ELECTRONIC CASE FILING
11.1 INTRODUCTION
11.2 CASE MANAGEMENT/ELECTRONIC CASE FILES (CM/ECF) SYSTEM
11.201 In Virginia
11.202 Registration as a User
11.203 Methods of Filing
11.204 Status of "Paper" Filings
11.205 Extended Filing Deadlines
11.206 Mailed Service
11.207 Electronic Service
11.208 File Availability
11.209 Retrieval of Closed Files
11.210 Expanded Practice Area
11.211 Sample Pleadings
11.3 DRAWBACKS
11.301 Initial Costs
11.302 Monitoring Notices Sent by Email
11.303 Pleading Names
11.304 Potential for Identity Theft
11.305 Malpractice Concerns
11.4 INTEGRATION WITHIN THE COURTS
11.401 Original Signatures
11.402 Functions of Original Signatures
11.403 Fraud
11.5 FILING REQUIREMENTS
11.501 Local Court Rules
11.502 Future Direction
11.6 PREPARATION FOR USING ECF
11.601 ECF Court Liaison
11.602 Infrastructure
11.603 Self Review
11.7 TIPS AND REFERENCES
11.701 File Retention
11.702 Systems Use
11.703 Back-Up
11.8 CONCLUSION
CHAPTER 12: JURISDICTIONAL ISSUES
12.1 BANKRUPTCY JURISDICTION
12.101 History
12.102 Background
12.103 Jurisdiction
12.104 Referral From the District Court
12.105 Core Proceedings
12.106 Withdrawal of Reference
12.107 Abstention
12.2 VENUE
12.201 Venue of Bankruptcy Cases
12.202 Venue Under Title 11
12.203 Change of Venue
12.204 Venue of Cases Ancillary to Foreign Proceedings
12.3 SOVEREIGN IMMUNITY
12.301 Statutory Framework
12.302 Central Virginia Community College v. Katz
12.303 Lower Court Decisions Interpreting Katz
12.304 United States Supreme Court Cases Prior to Katz
12.305 Section 106
12.4 STATE COURT JUDGMENTS
12.401 The Rooker-Feldman Doctrine
12.402 Collateral Estoppel and Res Judicata
12.5 JURY TRIALS
12.501 Right to a Jury Trial
12.502 Jury Trial Demand
12.503 28 U.S.C. sec. 1411
12.504 Jury Trials in Removed Actions
12.505 Withdrawal of Reference
12.506 Waiver of Right to Jury Trial
CHAPTER 13: ROLES OF ATTORNEYS AND OTHER PROFESSIONALS
13.1 PAYMENT OF DEBTOR'S COUNSEL IN CHAPTER 7 CASES
13.101 Source of Payment
13.102 Timing of Payment
13.103 Requirement for Disclosure
13.104 Court Review of Fees Charged by Debtor's Counsel
13.2 PAYMENT OF DEBTOR'S COUNSEL IN CHAPTER 13 CASES
13.201 Source of Payment
13.202 Standard for Approval
13.203 Procedure
13.204 Supplemental Fees
13.3 APPLICATIONS TO EMPLOY PROFESSIONALS
13.301 Necessity for Court Approval of Employment
13.302 Retroactive or "Nunc Pro Tunc" Approval of
Employment
13.303 Approval of Individual Extends to Whole Firm
13.304 In-House Professionals
13.305 Who Is a Professional?
13.306 Qualifications for Employment
13.307 Procedure
13.4 DISINTERESTEDNESS
13.401 "Disinterested Person" Defined
13.402 Grounds for Disqualification
13.5 FIDUCIARY OBLIGATIONS OF PROFESSIONALS EMPLOYED BY THE
ESTATE
13.501 Background
13.502 Fiduciary Obligation of Professionals
13.6 FEE APPLICATIONS
13.601 Statutory Framework
13.602 Bankruptcy Rules and Local Bankruptcy Rules
13.7 UNITED STATES TRUSTEE GUIDELINES
13.701 Statutory Authority
13.702 The Guidelines
13.703 Sample Fee Application
13.704 Assistance of Other Professionals
13.8 DISGORGEMENT IN THE ADMINISTRATIVELY INSOLVENT CASE
13.801 Applicable Bankruptcy Code Provisions
13.802 Whether Disgorgement of Fees Is Appropriate in
Administrative Insolvency
13.9 ETHICAL ISSUES FOR ATTORNEYS
13.901 Attorney's Duties to Client
13.902 Special Issues in Bankruptcy
13.903 Attorneys as Debt Relief Agencies
APPENDIX 13-1: APPLICATION FOR APPROVAL OF COMPENSATION BY
DEBTOR'S COUNSEL IN A CHAPTER 13 CASE
APPENDIX 13-2: APPLICATION BY COUNSEL FOR A CHAPTER 13 DEBTOR FOR
APPROVAL AND PAYMENT OF SUPPLEMENTAL FEES
APPENDIX 13-3: APPLICATION TO EMPLOY COUNSEL FOR A CHAPTER 11
DEBTOR-IN-POSSESSION
APPENDIX 13-4: FINAL APPLICATION FOR COMPENSATION AND
REIMBURSEMENT
APPENDIX 13-5: GUIDELINES FOR REVIEWING APPLICATIONS FOR
COMPENSATION AND REIMBURSEMENT OF EXPENSES
APPENDIX 13-6: EASTERN DISTRICT STANDING ORDER NO. 08-1
CHAPTER 14: TAX AND ACCOUNTING ISSUES
14.1 INDIVIDUAL BANKRUPTCIES
14.101 Bankruptcy Estate a Separate Tax Entity
14.102 Initial Duties of Trustee
14.103 Trustee's Duty to File Tax Returns
14.104 Trustee's Liability for Estate Taxes
14.105 Computation of Tax
14.106 Administrative Expenses
14.107 Net Operating Losses
14.108 Property Taxes
14.109 Estimated Taxes
14.110 Abandonment of Property to the Debtor
14.2 CORPORATE BANKRUPTCIES
14.201 Taxable Entity
14.202 Tax Attributes
14.203 Filing Requirements
14.204 Subchapter S Corporations
14.3 PARTNERSHIP BANKRUPTCIES
14.301 Taxable Entity
14.302 Filing Requirements
14.303 Characterization of Partnership Items and Income
14.4 CANCELLATION OF DEBT
14.401 Cancellation of Debt (COD) Income Defined
14.402 Items That Do Not Constitute COD Income
14.403 COD Income That Is Excluded From Gross Income
14.404 Special Rules Relating to Partnerships and
S Corporations
14.405 The Impact of Excluding COD Income
14.406 Federal Form 982
14.5 SECTION 505(b) 60-DAY CLEARANCE
14.501 Application for Determination of Unpaid Liability
14.502 Failure of IRS to Timely Respond
14.503 Expedited Audit
14.504 Audit When Income Insufficient to Require Return
14.505 Request for Determination of Refund
14.506 Chapter 13 Cases
14.6 FEDERAL FORM W-2 AND RELATED TAX FILINGS
14.601 Trustee's Responsibility for Wage-Related Tax Filings
14.602 Form W-2
14.7 FEDERAL FORM 1099
14.701 Trustee's Responsibility to File
14.702 Distributions for Which Filing Is Not Required
14.703 Obtaining Required Information
14.8 OTHER TAXES
14.801 Sales Tax
14.802 Transfer Taxes
14.9 PENALTIES
14.901 Failure to File Return
14.902 Failure to Pay Tax
14.903 Failure to File Correct Information Returns
14.904 Failure to Furnish Correct Payee Statements
14.905 Magnetic Media Filing Penalty
14.906 Relief From Tax Penalties
14.10 FINANCIAL REPORTING
14.1001 Full Disclosure of Financial Information
14.1002 Bankruptcy Schedules
14.1003 Statement of Financial Affairs
14.1004 Monthly Operating Reports
14.1005 Small Business Requirements
14.1006 Other Reporting Requirements
CHAPTER 15: REPRESENTING THE CREDITOR
15.1 INTRODUCTION
15.2 PROOFS OF CLAIM
15.201 In General
15.202 Definition of Claim
15.203 Bar Date
15.204 Secured Claims
15.205 Common Mistakes
15.206 Allowance of Claims and Objections
15.207 Effect of Filing a Proof of Claim
15.3 OVERVIEW OF THE AUTOMATIC STAY
15.301 In General
15.302 The Statute
15.303 Purpose and Effect of the Automatic Stay
15.304 Voidness or Voidability of Actions in Violation of the
Automatic Stay
15.305 Pre-Petition Claims
15.306 Property Interests Subject to Automatic Stay
15.307 Property Exempt from the Automatic Stay
15.308 Actions Excluded from the Automatic Stay
15.309 Co-Debtor Stay
15.310 Violations of the Automatic Stay
15.311 Duration of the Stay
15.4 RELIEF FROM THE AUTOMATIC STAY
15.401 The Statute
15.402 Bankruptcy Rule 4001
15.403 Stay Pending Appeal
15.404 Local Rules
15.405 Grounds for Relief from the Automatic Stay
15.406 Motion for Relief
15.407 Form of Motion
15.408 Ex Parte Relief
15.409 Notice
15.410 Certificates
15.411 Expert Testimony
15.412 Non-Expert Opinion
15.413 Trial
15.414 Relief
15.415 "Comfort Orders"
CHAPTER 16: BANKRUPTCY CRIMES AND FRAUD
16.1 INTRODUCTION
16.2 BANKRUPTCY CRIMES
16.201 Criminal Intent
16.202 Concealment of Assets
16.203 False Oath
16.204 False Claims
16.205 Bribery
16.206 Fraudulent Transfers
16.207 Destruction and Concealment of Records
16.208 Embezzlement
16.209 Conflicts of Interest
16.210 Illegal Fee Agreements
16.211 Improper Petition Preparer Conduct
16.212 Bankruptcy Fraud
16.213 Statute of Limitations
16.214 Required Reference of Criminal Matters
16.3 RELATED CRIMES
16.301 Aiding and Abetting
16.302 Conspiracy
16.303 False Statements--Perjury
16.304 Wire, Mail, and Bank Fraud
16.305 Obstruction of Justice
16.306 Money Laundering
16.307 Racketeer Influenced and Corrupt Organizations
16.4 PRACTICE CONSIDERATIONS
16.401 Pre-Bankruptcy Planning
16.402 Petition, Schedules, and Statements
16.403 Section 341 Meeting and the Debtor's Duties
16.404 Attorney Fees: Agreements and Disclosure
16.405 Assets Sales
16.5 CONCLUSION
TABLE OF AUTHORITIES
INDEX
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Related Products
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Debt Collection for Virginia Lawyers - A Systematic Approach
Enforcement of Liens and Judgments in Virginia
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