A PACA trust lacks the hallmarks of a trust, so a failure to pay a produce supplier doesn’t give rise to a nondischargeable debt for defalcation while acting in a fiduciary capacity, Judge Goldgar says.
Pleas to injustice and unfairness failed to persuade the Seventh Circuit to depart from a state law exemption for wages.
Despite atrocious mortgage servicing, the circuit court cut a jury’s $3 million award of punitive damages to $582,000.
Someone forced into bankruptcy on account of medical bills will also be forced into chapter 13.
Court weighs the relative advantages of receivership versus bankruptcy in deciding whether to bar the filing of an involuntary bankruptcy.
Appeals courts won’t allow bankruptcy to shield debtors from paying parking tickets and fines incurred in the course of a chapter 13 case.
The lawyer whose waiver led to Wellness International avoided malpractice by the skin of his teeth.
Indiana bankruptcy and district judges rule that secured lenders are only entitled to ‘adequate protection’ until the debtor’s counsel’s allowed fees have been paid in full.
Seventh Circuit splits with other circuits on basis for jurisdiction to determine the amount of a tax.
Seventh Circuit holds that a financing statement is sufficient if it describes collateral by reference to an unattached security agreement.