Sentences with phrase «bankruptcy estate»

Or is this simply an example of law firms collecting fees because their bills are subject only to scrutiny of the court and paid from the captive bankruptcy estate?

Once the application has been approved, the local bankruptcy office can file claims on behalf of the ancillary bankruptcy estate.

Mr. McShane has defended public contractors in bid protest actions and construction defect litigation, pursued commercial code and contract remedies for financial institutions and corporations, prosecuted and defended legal malpractice cases and protected lenders» interests in bankruptcy estates and civil forfeiture cases.

We handle traditional bank, project, and structured financings; real estate financings; securitization transactions; derivatives; private placements, debt, and equity securities offerings; ESOP financings; workouts and bankruptcies; cross-border insolvencies; multinational restructurings; and purchases of assets from bankruptcy estates and foreclosure sales.

The trustee is then allowed to liquidate certain bankruptcy estate assets to generate funds to repay creditors in priority order established by bankruptcy laws.

Represent several media vendors in KSL bankruptcy estate to defend proofs of claim and collection demands by chapter 7 trustee related to media vendor's advance payment of money placement services and media buys.

In Baker Botts L.L.P. v. ASARCO, Inc., 135 S. Ct. 2158, 2169 (2015)[discussed in our June 19, 2015 post], SCOTUS held that bankruptcy estate counsel can not obtain fee recovery for defending the propriety of their fee applications under 11 U.S.C. § 330.

In a Q&A report with creditors released on Mar. 17, Nobuaki Kobayashi discussed the recent sale of some $ 400 million - worth of bitcoin and bitcoin cash belonging to the Mt. Gox bankruptcy estate.

If only one spouse files, make sure you understand what property will be treated as part of the bankruptcy estate.»

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

And then the debtor (the L.L.C.) seeks to enforce that debt, as it is the only asset in the debtor's bankruptcy estate.

I have not checked to see if Vantage or their sister companies have filed (they would presumably file in a federal district for their area in Great Barrington, Mass.) A bankruptcy attorney in that area could better answer your question about those publishing contracts as bankruptcy estate assets that a Trustee would «recall» (or «garner for the bankruptcy estate) under a preference rule and make a part of Vantage's «bankruptcy estate» for the benefit of creditors.

In Chapters 12 and 13, an individual charged with administering the bankruptcy estate, accepting plan payments from the debtor, and making payments to creditors.

If you have received or are going to receive an award as damages for personal injury, that amount is excluded from the bankruptcy estate, too.

Under Chapter 7, the wages you earn after you file for bankruptcy are generally not considered part of your bankruptcy estate.

Pension rights and 401 (k) plans are not a part of your bankruptcy estate and are safe from creditors.

On the day the bankruptcy is filed, any assets that you own become part of the «bankruptcy estate.»

The debtor argued that he relied on his tax refund for living expenses for the upcoming year and that his refund should be excluded from the bankruptcy estate as future wages.

Exempt property is not property of the bankruptcy estate.

IRAs are also excluded from your bankruptcy estate up to $ 1 million.

Citing a long line of cases that include tax refunds as part of the bankruptcy estate, the court found the debtor's argument unpersuasive and ordered that he turn over the funds minus approximately $ 10,000 he had available in unused exemptions.

Wages that you earned before you filed but didn't receive until after you file are part of the bankruptcy estate.

Income tax refunds are property of a debtor's bankruptcy estate to the extent they are derived from withholdings from the pre-petition earnings of the debtor.

To put the court's words in plain English, tax refunds received for wages earned prior to filing bankruptcy are considered property of the bankruptcy estate and are subject to liquidation if no exemptions are available.

Social Security benefits, unemployment benefits, disability benefits, veterans benefits, and alimony or support payments are excluded from the bankruptcy estate.

When you file bankruptcy, everything you have comes into your bankruptcy estate, including property inherited from a parent.

Written by Myrtle Beach Bankruptcy Lawyer, Allen Jeffcoat When you file bankruptcy, everything you have comes into your bankruptcy estate, including property inherited from a parent.

She also claimed that a provision increasing the exemption amount to $ 350, found in § 33-15-415 (1)(c), did not apply because the annuity contracts were the property of the bankruptcy estate.

You can also use income you earn after you file; income earned after filing is not part of the bankruptcy estate.

Nearly all retirement accounts that are governed by the Employee Retirement Income Security Act (ERISA, as it is called), including pensions and 401Ks, are not assets of a bankruptcy estate because they almost all universally contain an anti-alienation clause that protects them from the reach of creditors.

Destroying records, lying under oath, hiding property, and / or not being able to explain why certain property is missing from your bankruptcy estate are other big reasons a bankruptcy can fail.

So, if you have $ 8,000 in equity, the trustee can not seize it, so you could go bankrupt and not pay your bankruptcy estate anything for that equity.

Your property becomes part of a «bankruptcy estate» and is divided into two basic piles: exempt and nonexempt.

Income you've earned but not yet received do become part of your bankruptcy estate.

Under the federal exemption, wages you earn after filing are not part of your bankruptcy estate.

All assets must be disclosed on the bankruptcy schedules and exemptions remove the exempt assets from property of the bankruptcy estate.

Part of the cost of filing bankruptcy in Canada is the requirement to make a payment to your bankruptcy estate each month.

If you get into a car accident and the fender is dented, that's the bankruptcy estate's fender.

And every paper clip you use belongs to the bankruptcy estate.

In a chapter 12 case, to participate in distributions from the bankruptcy estate, unsecured creditors must file their claims with the court within 90 days after the first date set for the meeting of creditors.

When you file bankruptcy, with very few exceptions, all property you own becomes part of what is called the bankruptcy estate.

The minute your Chapter 7 bankruptcy case is filed, that business becomes part of your bankruptcy estate.

«Bankruptcy estate» is... Continue reading →

This option will put your qualified assets to a bankruptcy estate for the purpose of auctioning off the property.

All property of the debtors becomes property of the bankruptcy estate and can not be divided up in any property settlement until either the bankruptcy is over or permission is received from the bankruptcy judge.

They may also give directions to the trustee with reference to the administration of the bankruptcy estate.