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Earlier this week, the White House announced a new initiative: The Student Aid Bill of Rights: Taking Action to Ensure Strong Consumer Protections for Student Loan Borrowers (http://tinyurl.com/qggwqdl). The fact sheet released by the White House indicates that “the...
When we think of “tools of the trade” we think of actual tools, such as hammers, nails, saws, etc. Under Maryland law a person is entitled to exempt from execution upon a judgment: “Wearing apparel, books, tools, instruments, or appliances, in an amount not to exceed...
For rock guitar players, there is nothing more in demand than a Dumble amplifier, known for its amazing tone. Fewer than 300 of the amplifiers exist, and the waiting list for a new one is at least a decade. Rock musician John Mayer placed his Dumble amplifier, which...
As a general rule, if a tax return was due to be filed more than three years from the date it was due, and the debtor filed the return more than two years ago, and the amount due was assessed more than 240 days before the bankruptcy case is filed, the tax debt will be...
In an unusual case in Illinois, Robinson v. Hagan (Case No. 13-cv-1239-SMY, S.D. Ill. 2014), a Chapter 7 debtor was permitted to keep a rare, first edition copy of The Book of Mormon from 1830, which was potentially worth tens of thousands of dollars. Normally, in a...
In the recent case of In re Coonfield, 517 B.R. 239 (Bankr. E.D. Wash. 9.25.14), the court held that while the debtors could not require a lender to take title to real property, they did not need to divest themselves of the property in order rid themselves of...
Debtors file objections to claims all the time in Chapter 13 cases. However, rarely do they seek reimbursement of the monies received by the creditor after the objection is sustained. This practice should be reconsidered given the recent case of In re Thompson, __ BR...
Times were tough and you needed some extra cash. You saw an advertisement on TV for a Title Loan: No Credit Check! No Job Required! Up to $10,000 cash today! It was either pay the rent or get evicted, so you took your car down to the title loan store, got a few...
In the recent case of In Re Nadeau, 2014 WL 5325224 (Bankr. D. R.I. 10/17/14), the court granted the U.S. Trustee’s Motion to Dismiss the debtors’ Chapter 7 case on bad faith due to their purchase of a new vehicle just prior to filing their bankruptcy case. In the...
Under Section 109(e) of the Bankruptcy Code only individuals with unsecured debts of less than $383,175 and secured debts of less than $1,149,525 are eligible to file a Chapter 13 case. In the recent case of In re Kenneth Blackwell and In re Kathleen Blackwell, 2014...