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

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

A financial consultant for a creditor of the debtor limousine company is entitled to his reasonable fee of $1,000 per week for his services, and the Alexandria U.S. Bankruptcy Court rejects the Chapter 7 Trustee’s contentions that the consultant’s disclosures ...

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

An Alexandria U.S. Bankruptcy Court dismisses debtor’s Chapter 13 case for bad faith, and says he may not refile a bankruptcy petition for one year; debtor’s overpayment in excess of $72,000 will be returned to him, after deduction of allowed ...

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

An Alexandria U.S. Bankruptcy Court recommends that the reference of this adversary proceeding now be withdrawn to the U.S. District Court, for a jury trial on the remaining issue in the case, defendant bank’s affirmative defense of good faith under ...

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