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Tag Archives: Bankruptcy

Debtor with Split Custody Must Refigure ‘Household’ (access required)

It’s not just “heads on the beds” that count when a bankruptcy court is trying to determine “household” size for a Chapter 13 debtor in a “blended” household that includes children and step-children who are part-time residents, but the “economic ...

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Stock qualified as ‘family heirloom’ exemption in bankruptcy case – $4,400 Verdict (access required)

This case involved a challenge to a debtor’s Virginia exemption of stock in a company that owned hunting real estate as a “family heirloom.” The issue was whether the stock ownership was a family heirloom and, further, if intangible personal ...

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‘Absolute Priority’ Rule Applies After BAPCPA (access required)

In this first-impression decision for federal appellate courts, the 4th Circuit says the “absolute priority rule” still applies to individual debtors in possession proceeding under chapter 11, after the 2005 amendments to the bankruptcy code. The absolute priority rule comes ...

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