This comprehensive, stand-alone publication is direct from a September 2019 seminar, the region’s premier advanced bankruptcy law program.
RECENT DEVELOPMENTS
Sarah B. Boehm
Rosa J. Evergreen
I. Recent Supreme Court Cases
A. Supreme Court Decisions
B. Supreme Court Cases with Petition for Writ of Certiorari Pending
C. Recent Supreme Court Cases with Petition for Writ of Certiorari
Denied
II. Recent Fourth Circuit Decisions
III. Recent District Court Decisions (Eastern and Western Districts of
Virginia)
IV. Recent Bankruptcy Court Decisions (Eastern and Western Districts of
Virginia)
V. Recent Other Circuit Decisions (Other Circuit, District, and Bankruptcy
Court Decisions)
A. Circuit Decisions
B. District Decisions
C. Bankruptcy Court Decisions
ETHICS: HOW LAWYERS GET IN TROUBLE – HOW TO STAY OUT
OF TROUBLE
Hon. J. Craig Whitley
Margaret K. Garber
Richard C. Maxwell
I. Guiding Principles
II. How Lawyers Get in Trouble
III. In Re Burton
A. Jacquelyn Cureton
B. Jerry McDougle
C. Ricky Peete
D. Julio and Beth Silva
E. Tonya McCray
F. Charmaine Hernandez
G. Calvin and Victoria Scott
H. Alice Ross
I. Court’s Findings and Rulings
IV. In Re Banner
A. Facts
B. Court’s Rulings
V. BK Racing, Inc.
VI. Conflicts of Interest – Lessons Learned from in re Employee
Services.Net, Inc./EEPayroll Services, LLC
VII. Burton and Beyond
THE U.S. ECONOMY – FACTS ARE STUBBORN THINGS
Douglas M. Foley
John B. Jung, Jr.
COMMERCIAL BREAKOUT TOPIC 1
THE SHIFTING SANDS OF CORPORATE FIDUCIARY DUTIES IN
INSOLVENCY: BEST PRACTICES, THE ROLE OF INDEPENDENT
DIRECTORS, AND POTENTIAL PITFALLS IN D&O INSURANCE
LITIGATION
Hon. Michelle M. Harner
Erika L. Morabito
Stanley J. Samorajczyk
COMMERCIAL BREAKOUT TOPIC 2
THE AUTHORITY AND LIMITS OF SECTION 363
Tyler P. Brown
Hon. Keith L. Phillips
I. Sales Outside of the Ordinary Course of Business
A. Authority
B. What Makes Section 363 Sales Better than Sales Outside of
Bankruptcy?
C. Limits of the Benefits of Section 363 Transactions
D. Credit Bidding Under Section 363(k)
E. Sales of Leases and Sales Free and Clear of Leases
F. Sale of Interests in Consumer Credit Transactions
G. Collusion
II. Sales and other Transactions in the Ordinary Course of Business
A. Authority
B. Use of Cash Collateral
C. Finality of Sales and Statutory Mootness Under Section
363(m)
CONSUMER BREAKOUT TOPIC 1:
WHEN THE GOVERNMENT IS ON THE OTHER SIDE:
LITIGATION INVOLVING THE GOVERNMENT
Hon. Brian F. Kenney
Kieran Carter
Hannah W. Hutman
Federal Tax Liens, Notice Requirements, and Service on the United States
A. Notice fo the Internal Revenue Service of a New Petition Filed
B. Service on the United States and Internal Revenue Service in Adversary
Proceedings
C. Federal Tax Liens
D. Priority Tax Claim
E. Helpful Information
Bankruptcy Code Section 362(b)(26)
A. Section 362(b)(26)
B. The Requirement that Both Debts Arise Pre-Petition
C. The Mutuality Requirement – The Government as a Single Entity
The Battle of the Code Sections: 522 v. 553
I. Common (yet simplified) Fact Pattern
II. The Current State of the Law
III. Analysis of the Relevant Statutory Provisions
A. Sovereign Immunity
B. Setoff
C. Exemption
IV. Reconciling the Conflict
CONSUMER BREAKOUT TOPIC 2:
CAN YOU UNRING THE FORECLOSURE BELL? CAN YOU SAVE A
HOME AFTER A PRE-BANKRUPTCY FORECLOSURE?
Hon. Rebecca B. Connelly
Edward C. Boltz
Nancy R. Schlichting
Actions Against Mortgage Companies: Bankruptcy Court Jurisdiction
Over Mortgage Challenges
I. Bankruptcy Court Jurisdiction and Authority
A. Statutory Jurisdiction in General
B. “Related to” the Bankruptcy Case
C. District Court May Refer Proceedings (as well as cases) to
Bankruptcy Court
D. Constitutional Authority
E. Alternatives if Jurisdiction Does Not Exist in the Bankruptcy
Court
II. Actions Against Mortgage Companies
F. Fair Debt Collection Practices (FDCPA) Claims
G. Fair Credit Reporting Act (FCRA) Claims
H. Real Estate Settlement Procedures Act (RESPA) Claims
III. Recent Bankruptcy Caselaw Addressing Mortgage Claims
The General Specific: The N.C. Supreme Court Decision in re Foreclosure
of Lucks
Strategies in Foreclosure: Pre and Post Bankruptcy
HOT TOPICS IN BANKRUPTCY
Hon. Paul M. Black
Kelly M. Barnhart
Christopher A. Jones
I. Legislative Update
A. The Small Business Reorganization Act of 2019
B. The Honoring American Veterans in Extreme Need
(“HAVEN”) Act
C. Family Farmer Relief Act of 2019
D. National Guard and Reservists Debt Relief Extension Act
II. Receivables Financing – Is this Just a Loan?
III. Revisiting Jevic’s Impact on Plans and the Priority of Payments
IV. Treasury Offset Program vs. Exemption Rights: Copely v. United
States, Case No. 18-2347 (4th Circ.) (Pending)
V. Can “Special Circumstances” Justify Ignoring the Requirement for
Three Petitioning Creditors?
VI. What is “Applicable Law” for Section 544(b) Purposes?
VII. Can You Use a Section 341 Transcript or Rule 2004 Transcript for
Summary Judgment?
A. BancorpSouth Bank v. Avery (In re Avery), 594 B.R. 655 (Bankr.
S.D. Miss. 2018)
B. Stasz v. Gonzalez (In re Stasz), Nos. CC-06-1380-BPaMa,
CC-06-1381-BPaMa, 2007 WL 7370101 (B.A.P. 9th Cir.
Aug. 9, 2007)
C. Key Bank of Maine v. Jost (In re Jost), 136 F.3d 1455 (11th Cir.
1998)
D. Various Other Cases
E. Other Resources
VIII. “When You Come to a Fork in the Road, Do You Take It?” –
Removal of State Court Actions to Bankruptcy Court
A. Removal of Cases to Bankruptcy Court in General
B. Where Should the Removal Notice Be Filed?
C. What Are the Lessons Here?
IX. Do Managers of an LLC Have a Fiduciary Duty to Creditors?
X. The Moving Target Known as “Judicial Estoppel”
A. Adequacy of Disclosure
B. Intent
C. Intent – and Standing, with a Twist
XI. Litigation Funding Legislation/Update
A. Consumer Protection Approach
B. The Business Protection Approach
XII. Circuits Split on Bankruptcy Jurisdiction for Social Security, Medicare
Suits
XIII. Shutting it Down – Automatic Stay Issues When Creditors Use
Technology to Force Payment
THE REJECTION OF INTELLECTUAL PROPERTY LICENSES
IN BANKRUPTCY
Michael St. Patrick Baxter
Lynn L. Tavenner
I. Introduction
II. The Lubrizol Decision
III. Scope and Limitations of Section 365(n)
IV. Rejection of Trademark Licenses
V. Practice Tips Drafting License Agreements
JUDGES’ ROUNDTABLE
Hon. Paul M. Black
Hon. Rebecca B. Connelly
Hon. Brian F. Kenney
Hon. Keith L. Phillips
Hon. J. Craig Whitley
Elizabeth L. Gunn
A. Sanctions and Violation of Discharge Order
B. Surviving Entities and Preferential Transfers
C. Earmarking Doctrine and Lien Avoidance
D. § 1322 and Bifurcation of Undersecured Home Mortgage Loans -7
E. The Continuing Saga of Truland: Joint Check Agreements and
Preferences
F. Professional Retention Disclosure Issues – McKinsey and J. Alix VIII-11
G. United States Trustee Fee Increase Effective Date
ETHICS: FEE ARRANGEMENTS, FACTORING, LITIGATION FUNDING,
AND GETTING PAID
Michael St. Patrick Baxter
Elizabeth L. Gunn
Dylan G. Trache
I. Third Party Litigation Finance/Funding (“Litigation Finance”)
A. Types of Litigation Finance IX-1
B. Historical Context -2
C. Many of These Principles Survive in the United States Today IX-3
D. Some Ethical Considerations in Litigation Finance -5
E. Other Considerations IX-9
F. Attorney Fee “Financing” in Consumer Cases? Issues of
Bifurcating Cases
