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Miami-based bankruptcy firm Genovese, Joblove & Battista has been appointed special counsel to the Unsecured Creditor’s Committee of the Commonwealth of Puerto Rico. The team – led by John Arrastia,
Whatever assets you have rights to by law are yours for bankruptcy purposes regardless of your knowledge about them. Special 180-Day Inheritance Rule. So a potential inheritance is not considered yours if you file bankruptcy when your uncle is alive. But bankruptcy law throws a very important curve here.
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A bankruptcy court, or a bankruptcy trustee, may conclude that litigation should be asserted by the estate against third parties to recover damages for or assets that should belong to the estate. In such a situation, the bankruptcy court may appoint "special counsel" to assist the trustee in bringing claims on behalf of the bankrupt debtor’s.
Nevertheless, special classification and partial payment of a co-debtor claim reduces the balance on this claim, and might be a more efficient use of funds already being committed to a chapter 13 plan. Special classification of consumer debts that have a co-debtor is expressly allowed by the bankruptcy code, section 1322(b)(1).
The Special Projects Manager works with the Executive Officer/Clerk of Court and management team to accomplish the strategic goals of the Court. The Special Projects Manager will oversee projects of varying scope, including the Court’s conversion of its current.
The investment-grade debt was issued in the form of special-revenue bonds, which are structured to provide bondholders with more security and higher recoveries in case of a bankruptcy. Now those bonds.
A bankruptcy car loan is a good way to help your credit recover once you’ve received a discharge from a Chapter 7 or Chapter 13. The process of getting a car loan following a discharged bankruptcy is fairly simple. Like with any other bad credit auto financing, you need to meet the lender’s requirements to qualify. Besides meeting the income.
Bankruptcy Code § 328(a), and not § 330, is the applicable standard by which a court should review the fees charged, an accounting firm stands a much better chance of protecting itself against court-imposed fee reductions later. Conclusion