By Ed Boltz, 26 August, 2014
http://www.usnews.com/opinion/blogs/letters-to-the-editor/2014/08/26/federal-bankruptcy-law-almost-never-forgives-student-loan-debt
By Ed Boltz, 21 August, 2014
RL Regi v. Lighthouse Cove- Waiver of Statutory Rights EnforceableSummary:
Regions Bank, the predecessor to RL Regi, providing commercial financing for real estate development for Lighthouse Cove, which was guaranteed by the individual business partners and their spouses, including Lionel L. Yow and his wife, defendant Connie S. Yow.
By Ed Boltz, 20 August, 2014
Summary:
Gathings granted a Deed of Trust to Countrywide, later succeeded by Bank of America. The Deed of Trust included the correct Property Identification Number and physical address, but had an incorrect legal description. The property was subsequently sold at a foreclosure sale for homeowners dues to CPI, which did not discover the Deed of Trust in favor of Bank of America.
By Ed Boltz, 13 August, 2014
Summary:
PHH Mortgage assessed $472.25 in post-petition fees against the Debtor’s loan, but did not file and serve a notice pursuant to Rule 3002.1(c) of these fees within 180 days, asserting that these fees were not presently recoverable against the Debtor or their residence and will not be collectible unless the Debtors’ Chapter 13 case was dismissed or converted. PHH asserted that it was required by N.C.G.S.
By Ed Boltz, 13 August, 2014
Summary:
Debtors sought authority to quitclaim their previous residence in Florida to the SBA, which held a mortgage against the property but had declined to foreclose.
The bankruptcy court first held that 11 U.S.C. § 1325(a), while property may be “surrendered”, the Bankruptcy Code does not define that term but it has “has been described as the relinquishment of all rights in property, including the right to possess the collateral.” IRS v. White (In re White), 487 F.3d 199, 205 (4th Cir. 2007); 8 Collier on Bankruptcy ¶ 1325.06[4] (Alan N. Resnick & Henry J.
By Ed Boltz, 13 August, 2014
Summary:
More reasonably equivalent value discussions in the Tanglewood Farms case.
Commentary:
Not every order granting avoidance of a judgment lien or for relief from the stay on a car are treated as a written opinion,  but maybe since these  reasonably equivalent value cases are becoming nearly as common, they will stop being treated as such.
For a copy of the opinion, please see:
Angell v.
By Ed Boltz, 13 August, 2014
Summary:
Following the confirmation of its Chapter 11 plan and closure of the bankruptcy, the Debtor was sued in state court for a pre-petition debt by a creditor that was unknown at the time of filing of the bankruptcy and unlisted in the schedules. The state court directed the Debtor to re-open the bankruptcy case for a determination of whether the debt was discharged.
By Ed Boltz, 13 August, 2014
Summary:
The Debtor, 71 years old, was married until her husband died in 1999. At the time of his death, he was the sole owner of a house and land, purchased in 1962, with a mortgage signed by both the Debtor and her husband, and which the Debtor later inherited, pursuant to his will. Upon filing bankruptcy, the Debtor sought to claim the increased “widow’s” exemption of $60,000 in the property, based on N.C.G.S.
By Ed Boltz, 13 August, 2014
Not only do payday lenders apparently spend generously on lobbyists,  but also seem to compensate  their lawyers rather nicely and without limit.
https://www.youtube.com/watch?v=PDylgzybWAw
See: Â Moses v. Cashcall