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Judge Christopher M. Klein's decision to accept the
City of Stockton's petition for bankruptcy on April 1, 2013 set the stage for a
battle over whether public workers' pensions can be reduced through municipal
Former joint compound producer Bondex International Inc. and its related holding company face an estimated $1.16 billion in pending and future asbestos personal injury claims, about double what the companies' estimate.
A unanimous Supreme Court has ruled that the archaic term "defalcation" used in 11 U.S.C. Sec. 523(a)(4) requires knowledge of, or gross recklessness in respect to, the improper nature of the relevant fiduciary behavior complained of.
On April 30, 2013, the United States Court of Appeals for the Ninth Circuit held that the bankruptcy court has authority to recharacterize as equity, rather than debt, advances of funds made purportedly as a loan to the recipient prior to its bankruptcy
The U.S. Supreme Court on
May 13 unanimously vacated and remanded a case involving a bank's claim that a
debtor who had acted as trustee for his father's insurance trust was guilty of
defalcation for making loans to himself ...
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by Barbara Altimus Shreero Judge Christopher M. Klein's decision to accept the City…
Professor Kenneth Klee previews the issues that the Supreme Court will address in…
Collier on Bankruptcy was cited in this recent decision: Collier on Bankruptcy section…
LexisNexis Core Overview: Nonprofessional trustee was improperly denied a discharge…
Partner, Robbins, Salomon & Patt Ltd.
Partner, Klee Tuchin Bogdanoff & Stern LLP
Professor of Law, Hostra University
Attorney; Editor-in-Chief, Collier on Bankruptcy
Partner, Weil Gotshal & Manges LLP
Archivist, Biddle Law Library, Penn Law School
Associate, McMillan Metro, P.C.
Should the “Protecting Employees and Retirees in Business Bankruptcies Act of 2012,” be enacted to amend Title 11 U.S.C. to improve protections for employees & retirees in business bankruptcies & modify treatment of management compensation plans?
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