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By Ed Boltz, 7 March, 2024

Bankr. E.D.N.C.: Nationwide Recovery Judgment v. Tyndall- Pleading Standards for Allegations of Fraud

Summary:

National Judgment Recovery ("NJR")  brought an action to determine  that the $93,159.71  fraudulent conveyance judgment against Tyndall,  as a "net winner"  in the ZeekRewards  pyramid scheme case,  was nondischargeable under  11 U.S.C. § 523(a)(2)(A) as actual fraud.

By Ed Boltz, 4 March, 2024

N.C. Bus. Ct." Live Oak v. Mafic- Claims Objections in State Receivership

Summary:

By Ed Boltz, 3 March, 2024

Bankr. W.D.N.C.: In re Kennedy- Reasonable Mortgage Attorney Fee's in Chapter 11

Summary:

By Ed Boltz, 1 March, 2024

Law Review: Rapoport, Nancy- Am I My Colleagues’ Keeper When It Comes to Disclosing Connections?

Abstract:

By Ed Boltz, 29 February, 2024

Bankr. W.D.N.C.: In re BK Racing-

Summary:

By Ed Boltz, 28 February, 2024

Bankr. W.D.N.C.: In re Aldrich Pump

Summary:

The bankruptcy court denied a motion to dismiss two  chapter 11 cases,  which had employed  the infamous 'Texas Two Step"  to address (avoid?  skirt?) liability for asbestos mass torts claims,  holding that :

By Ed Boltz, 26 February, 2024

Bankr. E.D.N.C.: In re Maynor- Vesting in Chapter 13 and Continued Oversight of Assets

Summary:

By Ed Boltz, 26 February, 2024

Bankr. E.D.N.C.: In re Purdy- Dismissal with Prejudice for Forged Letter

Summary:

By Ed Boltz, 25 February, 2024

4th Circuit: Choi v. Hyon- Actual Fraudulent Intent and Willful Injury

Summary:

By Ed Boltz, 25 February, 2024

Bankr. W.D.N.C.: In re Kennedy- Reasonable Mortgage Attorney Fee's in Chapter 11

Abstract

 

Title 11 of the United States Code (the “Bankruptcy Code”) provides a fresh start to the “honest but unfortunate debtor.” Chapter 7 therefore permits a debtor to “discharge their outstanding debts in exchange for liquidating their nonexempt assets and distributing them to their creditors.” Dismissals in chapter 7 are governed by section 707 of the Bankruptcy Code. Section 707(a) governs all chapters of bankruptcy filings and applies when adequate “cause” is shown.

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Mountain View The purpose of the NC Bankruptcy Expert blog is to provide legal professionals with a consolidated resource for updates and case summaries about issues and decisions affecting bankruptcy, foreclosures, mortgages, and debt collection.

 
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