Update on U.S. Department of Transportation Connected Vehicle Pilots
On January 12, 2018, the United States Department of Transportation (USDOT) provided an update on the three Connected Vehicle Pilot Programs underway in Wyoming, New York City, and Tampa Bay. The update summarizes the progress of each connected...
Sixth Circuit Clarifies Requirements to Preserve Claims in Bankruptcy
The United States Bankruptcy Court for the Northern District of Illinois recently allowed an administrative expense for a creditor’s claim against an assignee for the benefit of creditors. In In re Stainless Sales Corp., No. 17-bk-03148,...
Administrative Expense Allowed for Claim Against Assignee for the Benefit of Creditors
The United States Bankruptcy Court for the Northern District of Illinois recently allowed an administrative expense for a creditor’s claim against an assignee for the benefit of creditors.
Challenge to Trustee’s Sale of Avoidance Actions Moot
A Chapter 7 Trustee’s sale of avoidance actions under sections 544, 547, and 548 of the Bankruptcy Code withstood a challenge by the targets, who claimed that the actions could not be prosecuted by parties other than the trustee, because the...
Significant Assets / Significant Debts – Chapter 13 For The High-Income Earning Individual
Many people assume that they do not qualify for bankruptcy relief because they make too much money. They also fear that they will “lose everything” they have worked so hard for all of their lives: art, heirloom jewelry, a whole life...
Update On NAFTA Negotiations
Q: What is NAFTA? A: The United States, Canada, and Mexico entered into the North American Free Trade Agreement effective January 1, 1994. NAFTA eliminated duties and trade restrictions on goods shipped between the three countries. Before NAFTA,...
Reclamation Claim, Even If Valid, Is Primed By Prior Floating Lien
Section 2-702 of the Uniform Commercial Code allows a seller of goods to reclaim goods sold to a buyer when the seller discovers that the buyer is insolvent. But what happens when that insolvent buyer files for bankruptcy? In hhgregg, Inc....
Sixth Circuit Stands Alone on Chapter 13 Voluntary Retirement Contributions
A Miami, Florida District Court Judge recently ruled that a Chapter 13 debtor who is near retirement age may defer over $114,000 in voluntary retirement contributions during the life of his Chapter 13 plan, while paying general unsecured creditors a...
Ninth Circuit Determines De Facto Control is not Dominion in Fraudulent Transfer Case
The Ninth Circuit recently affirmed a District Court ruling that applied the “dominion test” instead of the “control test” to determine initial transferees of fraudulent transfers.
In the case, Henry v. Official Comm. of Unsecured...
