An Alexandria U.S. Bankruptcy Court sustains a chapter 7 trustee’s objection to debtor’s claimed exemption under Va. Code § 34-34 of $30,154.99 in a nonqualified deferred compensation plan established pursuant to IRC 409A, as part of debtor’s compensation package from ...

Tagged with: Bankruptcy Judge Brian F. Kenney U.S. Bankruptcy Court

A Lynchburg U.S. Bankruptcy Court denies debtor’s counsel additional requested compensation of $2,000 for reaching a settlement regarding a complaint to determine dischargeability of debt filed on behalf of the Social Security Administration in this adversary proceeding alleging overpayment of ...

Tagged with: Bankruptcy Judge Rebecca B. Connelly U.S. Bankruptcy Court

A Richmond U.S. Bankruptcy Court allows a chapter 11 debtor to claim an exemption in a rollover IRA account, despite an objection from MT Technology Enterprises LLC. The court took under advisement whether a “prohibited transaction” as defined by 26 ...

Tagged with: Bankruptcy Judge Kevin R. Huennekens U.S. Bankruptcy Court

A debtor who refused to provide bank statements, tax returns and additional information about his employment and income, while repeatedly seeking deferral of the adjourned § 341 meeting of creditors has his chapter 7 petition dismissed by the Richmond U.S. ...

Tagged with: Bankruptcy Judge Kevin R. Huennekens U.S. Bankruptcy Court

A chapter 7 trustee is entitled to sell debtor’s one-half interest in the home he shared with his former wife before their 2011 divorce; however, the trustee may not recover from wife rent or other contribution for her possession of ...

Tagged with: Bankruptcy Judge Kevin R. Huennekens U.S. Bankruptcy Court

Chapter 7 debtors’ desire to claim two mortgage debts as expenses in their chapter 7 means test calculation even though they intend to surrender the property does not allow a presumption of abuse; the Alexandria U.S. Bankruptcy Court rejects the ...

Tagged with: Bankruptcy Judge Robert G. Mayer U.S. Bankruptcy Court

A Chapter 7 debtor who claimed a portion of his anticipated federal income tax refunds for 2011 and 2012 under a homestead exemption is not required to offset his $80,989 debt to the U.S. Department of Agriculture with the tax ...

Tagged with: Bankruptcy Judge Paul Black U.S. Bankruptcy Court

Former employees of debtor’s company, who purchased the company’s claims against debtor, a patent attorney who was CEO of the company which filed a Chapter 7 proceeding in California, cannot pursue their claims against debtor in Alexandria U.S. Bankruptcy Court ...

Tagged with: Bankruptcy Judge Brian F. Kenney U.S. Bankruptcy Court

In this dispute between debtor, a manager-managed LLC that provides wireless Internet services in rural areas, and an investor/former CEO, the Charlottesville U.S. District Court upholds a bankruptcy court decision that allowed claims by the investor/CEO, over objections by debtor ...

Tagged with: Bankruptcy Judge Glen E. Conrad U.S. District Court - Western District

In this involuntary bankruptcy proceeding of a debtor that merged with counterclaim defendant prior to the bankruptcy, the Richmond U.S. District Court denies the counterclaim defendant’s motion to withdraw reference and to sever the trustees’ counterclaims challenging the counterclaim defendants’ ...

Tagged with: Bankruptcy Judge John A. Gibney Jr. U.S. District Court - Eastern District