Summary:

On September 23, 2019, Mouzon Bass, the president of Ebenconcepts, Inc., which was the Debtor's former employer, assigned to the Debtor a whole life insurance policy with a cash value of $814,917.00 in consideration for the Debtor's shares in Ebenconcepts. At that time, Ebenconcepts was the beneficiary of the whole life insurance policy.

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Commentary:

https://www.bizjournals.com/triangle/news/2021/02/08/business-bankruptcies-attorneys-pandemic-flood.html?fbclid=IwAR1ZWyHDO6zHPcahbcnlEOy8SiIxV2O22XgUR8XG2VD0jDuzk4gy2LMTQLk

Abstract:

The American Board of Certification (ABC), a national organization dedicated to serving the public and improving the quality of the bar by certifying lawyers in the areas of bankruptcy and creditors’ rights, elected new officers and board members at its annual meeting, which was held virtually on Dec. 7, 2020.

The ABC is pleased to welcome the following new members to its Board of Directors:

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Abstract:

As the United States contends with the economic crisis triggered by the COVID-19 pandemic, federal bankruptcy law is one tool that can be used to resolve the financial distress suffered by individuals and businesses. When implementing this remedy, the question arises whether the law’s application should be viewed as limited to addressing private debt matters, without regard for the public interest. This Article answers the question by looking to modern U.S.