February 8, 2012

Trustee Tells U.S. Supreme Court BAPCPA Limits Judicial Discretion

WASHINGTON, D.C. - The trustee who is asking the U.S. Supreme Court to determine whether the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) eliminated judicial discretion by requiring an above-median-income debtor to pay to unsecured creditors the net result reported on Official Form 22C filed her opening merit brief on Dec. 21, contending that Congress intended to curtail judicial discretion when it enacted BAPCPA (Jan Hamilton v. Stephanie Kay Lanning, 08-0998, U.S. Sup.; See 11/04/2009). Full story on lexis.com

Medical Bankruptcy

More than $500K in Debt, Bookstore Chooses Bankruptcy

An Atlanta-area bookstore surprised its fans last week when it filed for Chapter 7 bankruptcy protection to deal with its $508,673 in debts. At … [Read More...]

Sandwich Chain Quiznos Avoids Bankruptcy

News outlets have reported in recent weeks how the recession hit Denver-based sandwich chain Quiznos. In fact, until recently, many sources … [Read More...]