Business Law Insolvency Law Committee

So long as a structured settlement does not violate the absolute priority rule, a bankruptcy court may approve it notwithstanding the U.S. Supreme Court's ruling in Jeric Holding. Read more

Court reversed a trial court ruling under Article 3 of the UCC that exonerated a bank from liability for accepting for deposit to an employee's account a series of checks payable to his employer, but endorsed with an illegible scrawl that appeared to be the employee's initials. Read more

The FRBP, rather than the FRCP, govern a non-core case being adjudicated in US District Court under that court's "related to" bankruptcy jurisdiction. Read more

An inherited 401(k) account is not property of the estate and not subject to turnover by the debtor to a chapter 7 trustee. Read more

Letter from a debt collector extending an offer to settle a credit card debt in full that failed to inform the consumer about potential accruing interest and fees was not a violation of the FDCPA. Read more

Automatic stay in a bankruptcy proceeding did not prevent a judgment creditor from renewing a judgment while the case was pending, but Bankruptcy Rule 108(c) extended the time to renew until 30 days after the stay was terminated. Read more

In appropriate circumstances, reverse veil piercing is an available remedy for a judgment creditor who could not collect directly from the judgment debtor. Read more

Court dismissed chapter 7 trustee's constructive fraudulent conveyance claim against defendant electrical company and rejected trustee's theory that defendant failed to provide services to a property owned by a third party with whom debtor had contracted to manage a portfolio of properties that included the subject property. Read more

A legal fee award entered in a civil action that is litigated parallel to and intertwined with ongoing dissolution proceedings comes within the scope of 11 U.S.C. section 523(a)(15). Read more

Under Massachusetts law, a pharmacist correctly filling a prescription could not be held liable for damages suffered by a patient under a claim for breach of implied warranty under the UCC. Read more