Complex Issues in Bankruptcy: From the Supreme Court to the Practice Court - Applying Old and New Legal Precedents to Consumer and Business Cases for the Individual Debtor Seminar Materials - SALE!

Publication Date: March 2012
Available Formats: Print
Pages: 155

Information

Content Summary:

  • Critical Case Review of Bankruptcy Cases: U.S. Supreme Court and Fourth Circuit
  • Individual Chapter 11's and Business Chapter 13's
  • Tricky Issues in Chapter 11 Cases
  • Liens, Debts, and Chapter 13: Dealing With Your Insecurity
  • Ethical Issues When Representing Business Debtors

Inventory Reduction Sale - Now Just $5!

Virginia CLE® is clearing its shelves to make room for newer publications. Stock up and pay just one flat shipping fee. Offer good while supplies last. No other discounts apply. View all Clear The Docket Sale items.


This informative publication addresses some of the hottest issues in consumer bankruptcy practice today, in addition to a concise review of critical case law and an examination of several tricky legal and ethical issues related to this area.

This comprehensive, stand-alone publication is direct from a March 2012 seminar cosponsored with the Bankruptcy Law Section of the Virginia State Bar. It is available in print or searchable PDF via download, USB Flash Drive, or CD-ROM. Click here for more information on electronic books.

Table of Contents

TABLE OF CONTENTS


CRITICAL CASE REVIEW OF BANKRUPTCY CASES:
U.S. SUPREME COURT AND FOURTH CIRCUIT
Rebecca Connelly
Angela Scolforo

INDIVIDUAL CHAPTER 11'S AND BUSINESS CHAPTER 13'S
Kelly M. Barnhart
Carl M. Bates
Thomas P. Gorman
Jennifer McLain McLemore

        Hypotheticals
   
        I. Chapter 13 Business Debtor
   
        II. Chapter 11 Debtor
   
        III. Cash Poor Business Client
   
        IV. Insurance Matters
   
        Cases
   
        I. Business Chapter 13 Cases
   
        II. Consumer Chapter 11 Cases
   
        Relevant Case Law Regarding Business Chapter 13 Cases
        and Individual Chapter 11 Cases

   
        Discussion Point Charts

TRICKY ISSUES IN CHAPTER 11 CASES
Michael A. Condyles
Arianna S. Gleckel
James R. Schroll

        I. Dealing with the Impact of BAPCPA on Individual Chapter 11
        Bankruptcies Still Makes Us Crazy After All These Years
       
            A. What Did BAPCPA Do?
   
            B. The Key Provisions

        II. Does the Absolute Priority Rule ("APR") Apply in Individual Chapter 11
        Cases?

            A. What is the Absolute Priority Rule?
   
            B. Pre-BAPCPA Application of the APR in Corporate vs. Individual
            Chapter 11 Cases
   
            C. Did the APR Survive BAPCPA?
   
            D. Case Law
   
            E. What Was Congress' Intent in Enacting the BAPCPA
            Amendments?
   
            F. The Maharaj Appeal

        III. Determining Disposable Income in Chapter 11 Cases

            A. Pre-BAPCPA
   
            B. BAPCPA Statutes Related to Disposable Income
   
            C. Disposable Income Test
   
            D. The Means Test Under Section 1325(b)(3) as Applied in
            Chapter 11 Cases
   
            E. "Projected Disposable Income" Under Lanning
   
            F. Length of Disposable Income Payments
   
            G. The "Good Faith" Requirement of 1129(a)(3) as it Relates to
            Section 1129(A)(15)

        IV. Discharge and Confirmation Issues Involving Chapter 11
        Individual Debtors

            A. Pre-BAPCPA
   
            B. BAPCPA Statutes Regarding Discharge of an Individual
            Chapter 11 Debtor
   
            C. Discharge for an Individual Chapter 11 Debtor
   
            D. Modification of an Individual Chapter 11 Debtor's Plan

        V. Appendix

            11 U.S.C. §541. Property of the Estate
   
            11 U.S.C. §1115. Property of the Estate
   
            11 U.S.C. §1123. Contents of Plan
   
            11 U.S.C. §1127. Modification of Plan
   
            11 U.S.C. §1129. Confirmation of Plan

LIENS, DEBTS, AND CHAPTER 13: DEALING WITH YOUR INSECURITY
Herbert L. Beskin
H. David Cox
Michael T. Freeman

        I. The Lien “Strip”: Removing Those Unwanted Burdens

            A. Definitions and Basic Limitations
   
            B. The Ingredients: The Mix of Statutes That is the “Strip Off” - 11
            U.S.C. §§ 506(a), 506(d)(2) and 1322(b)(2)
   
            C. The Recipe: How the Mix of the Statutes Work Together to Strip
            Off and Void the Lien
   
            D. The Details: What are the Procedural and Service Requirements
            For Avoiding a Lien Under § 506 in Chapter 13?

        II. Chapter 20 Scenario: Seven’s, Thirteen’s, Good Faith...and What it
        All Adds Up To

            A. Is Chapter 20 Permissible Under BAPCPA?
   
            B. What “Good Faith” Factors May Prevent a Chapter 20 Filing?
   
            C. What Are the Pitfalls or Factors Which May Preclude a Debtor
            From Stripping a Lien?
   
            D. Is There Any Limitation on What is “Adequate Proof” of
            Current Value?

        III. When Does the Lien Strip/Avoidance Take Effect, and What’s the Status
        of the Lien in the Interim?

            A. What if the Debtor Does Not Complete the Plan?
   
            B. What Language is Necessary in the Order?
   
            C. What Defenses Can be Raised?
   
            D. Ding, Dong, the Lien is Gone...But How Do I Get Paid?

        IV. Modification Under 1332(b)(2): Not Only Am I An Owner, I’m Also
        a Landlord

            A. May a Borrower Modify the Mortgage in the Chapter 13 Case to
            Pay a Lower Interest Rate and Change the Repayment Schedule
            of Their Loan?
   
            B. Are There Limitations on Modifying a Mortgage in Chapter 13?
   
            C. Would the Analysis Change if Their Income was $1000.00 per
            Month and the Rental Income was also $1000.00 per month?
   
            D. Would the Analysis Change if the House was Refinanced in 2008
            While the Lease was in Place?
   
            E. What if the Lease was Recorded in the Land Records?

        V. Voiding Other Liens Under 11 U.S.C. § 522

            A. The Basics of § 522 Lien Avoidance
   
            B. The Recipe: Understanding the Statutory Formula
   
            C. What if There is No Equity?
   
            D. The Details - Pleading by Motion or Plan?
   
            E. Homestead Deed - To File or Not to File?
   
            F. May a Debtor Use Code Sec. 522(f) to Avoid a Judgment Lien
            Against One Spouse on Property Owned by Both Spouses as
            Tenants by the Entireties?

        VI. Voiding Liens Under 11 U.S.C. 547 Docketed Within 90 Days of
        Bankruptcy Filing - Do You Have Preference?
   
        VII. If You Cannot Strip it, it Cannot Be Avoided: Dealing With the
        “Unavoidable” Liens

            A. Treatment of Allowed Secured Claims in Chapter 13
   
            B. What is Proper Present Value Interest Rate for Allowed
            Secured Claims?
   
            C. What if a Secured Creditor Files an Unsecured Claim?

        VIII. What Other Possible Trustee-Debtor Issues in Lien Avoidance
        Situations Could Exist?
   
        IX. The New Rule 3002.1: Questions, Queries, Quizzes and Querulous
        Looks

ETHICAL ISSUES WHEN REPRESENTING BUSINESS DEBTORS
Hon. Kevin R. Huennekens
Dale A. Davenport
Joseph A. Guzinski

        I. A Hypothetical for Discussion
   
        II. The Problem of the Chapter 11 small Business Case: Who is the Client -
        the Individual or the Business Entity?
   
        III. Corporate Governance Issues
   
        IV. Issues for Creditor Counsel: Bringing Pressure on Individual for an
        Improper Purpose
   
        V. Applicable Provisions of the Rules of Professional Conduct

Authors

Rebecca Connelly

Angela Scolforo

Kelly M. Barnhart

Carl M. Bates

Thomas P. Gorman

Jennifer McLain McLemore

Michael A. Condyles

Arianna S. Gleckel

James R. Schroll

Herbert L. Beskin

H. David Cox

Michael T. Freeman

Hon. Kevin R. Huennekens

Dale A. Davenport

Joseph A. Guzinski

Prices

Print Only - $45
CLEAR THE DOCKET SALE - NOW JUST $5!
Purchase Options
  • Add to Cart

CONTACT US

Our Address

  • 105 Whitewood Road
    Charlottesville, VA 22901

JOIN OUR MAILING LIST:

  • Virginia CLE® is the non-profit educational division of the Virginia Law Foundation.

© 2016 Virginia Law Foundation