Where the debtor argued that a claim must list all interest and fees from the inception of the account, the court rejected that argument and held that the claim is complete if it includes a breakdown of principal, interest, fees ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

Where an order of sale approved a purchase agreement for debtors to sell certain property, and the agreement provided that the lease for the property would be transferred to the buyer pursuant to assumption and assignment and the debtors would ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

Where a debtor filed a class action complaint alleging that a creditor violated Rule 3001 of the Federal Rules of Bankruptcy Procedure by filing a proof of claim and falsely reporting that no interest or fees were included in the ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. District Court - Eastern District

The commercial property landlord failed to persuade the bankruptcy court that assigning the debtor’s lease to a new tenant was prohibited by the Bankruptcy Code, provisions in the debtor’s lease or provisions in other tenant’s leases. Background Before the court ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

Trustees who alleged fraudulent transfer of assets were found to lack standing because the Bankruptcy Code does not give trustees the authority to avoid the transfer of property interests of non-debtor entities. Background Leah McCurnin filed a voluntary petition for ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

A bankruptcy judge has refused to allow a lawyer to discharge debts to a bonding company because the debts were caused by the lawyer’s defalcation in handling fiduciary accounts. In 2013, Manassas attorney Timothy A. Ward was suspended from law ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

Struggling con­sumers in­creasingly are seeking finan­cial help from online lenders, but consumer lawyers warn the relief may be only temporary. High interest rates and fees, levied through relentless bank with­drawals, sometimes bring consumers to the bankruptcy they hoped to avoid, ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

Good judges, good law­yers and a well-oiled legal system are prov­ing to be an attractive combination at the U.S. Bankrupt­cy Court in Richmond. Struggling corporations seeking sanc­tuary from creditors are coming to Rich­mond in greater numbers these days, passing by ...

Tagged with: Bankruptcy Gymboree Judge Keith L. Phillips Judge Kevin R. Huennekens Patriot Coal Corporation Penn Virginia Corporation U.S. Bankruptcy Court Richmond

A Richmond U.S. Bankruptcy Court says a chapter 7 trustee may seek recovery in this case against Sterne Agee as successor entities; the weight of authority outside this circuit supports the conclusion that a successor liability claim constitutes property of ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court

In debtors’ Chapter 11 bankruptcy proceeding, the Richmond U.S. Bankruptcy Court sustains debtors’ objection to a claim filed by American Express Centurion Bank and disallows the bank’s unsecured claim for $67,927.75 on a credit card opened in husband debtor’s name. ...

Tagged with: Bankruptcy Judge Keith L. Phillips U.S. Bankruptcy Court