Greg Yates Joins Seyfarth Shaw’s Litigation Department

NEW YORK — Seyfarth Shaw LLP , one of America’s leading full-service law firms , has announced that the Greg Yates has joined the firm’s New York office as a partner in the Bankruptcy Practice Group . Previously, Yates was a partner in the New York and Washington, D.C., offices of Steptoe...

RANDOM BANKRUPTCY FACTOIDS

The Means Test is the standard adopted in the 2005 amendments to the Bankruptcy Code to prevent individual high wage earners from filing a Chapter 7 liquidation. However, if more than half of the individual's debt is related to a failed business, the Means Test may not apply, thus making them eligible...

Parties Debate Rights To Bankruptcy Estate Assets Before Supreme Court

WASHINGTON, D.C. -- (Mealey's) The U.S. Supreme Court on Nov. 29 heard arguments over whether capital gains earned on the sale of a debtor couple's farm should be treated as administrative expenses within the bankruptcy estate or are proceeds to which the U.S. government has priority ( Hall v...

U.S. Supreme Court Hears Arguments In Case Of Debtor's Alleged Defalcation

WASHINGTON, D.C.- (Mealey's) The U.S. Supreme Court on March 18 heard oral arguments in a case involving a bank's claim that a debtor who had acted as trustee for his father's insurance trust acted recklessly and was guilty of defalcation for making loans to himself during the time he had...