News Topic: Chapter 7 Trustee
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Bankruptcy and Divorce (Vol. 73) – Agreements to Transfer Property
District Court Upholds Georgia Bankruptcy Court’s Restrictions On Chapter 7 Trustee Attorneys’ Fees
In this lengthy post , we discuss Judge Paul Bonapfel’s 73-page Order in which he skewered the fee application of a Chapter 7 Trustee and effectively changed the way all judges in the Northern District of Georgia view fee applications for Trustees’ ... Read full article
Derivative Complaints by Creditors Against Chapter 7 Trustees – They Don’t Tend to Go Very Far
In a decision signed July 17, 2017 in the Our Alchemy, LLC bankruptcy (case 16-11596), Judge Gross of the Delaware Bankruptcy Court granted a trustee’s partial motion to dismiss a complaint, holding that a creditor cannot assert general claims against a ... Read full article
Debtors Cannot Claim Homestead Exemption In Carve-out Funds Recovered By Trustee.
In a July 2015 case the Chapter 7 Trustee sold a house that was underwater with three liens, and received a carve-out from the lender that held the second and third liens. The Debtors did not object to the sale, but to the Trustee’s Final Report because ... Read full article