bankruptcy

(LIIBULLETIN preview)

In 2005, Respondent ASARCO, a copper mining company, filed for bankruptcy protection under Chapter 11 of the federal Bankruptcy Code (the “Code”) due to mounting cash-flow and litigation problems. In re ASARCO, 751 F.3d 291, 293 (5th Cir. 2014). Prior...

(LIIBULLETIN preview)

In 2013, Respondents David Caulkett and Edelmiro Toledo-Cardona (collectively, “the borrowers” or “Caulkett and Toledo-Cardona”) each filed a petition for chapter 7 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida (“...

(Wex page)
Overview

Bankruptcy law provides for the reduction or elimination of certain debts, and can provide a timeline for the repayment of nondischargeable debts over time. It also permits individuals and organizations to repay secured debt--typically debt...

(Wex page)
Overview

Bankruptcy fraud is a white-collar crime that commonly takes four general forms:

A debtor conceals assets to avoid having to forfeit them.An individual intentionally files false or incomplete forms. Including false information on a...
(LIIBULLETIN preview (pre-2014))
Issue(s)

What is the definition of “defalcation” under § 523(a)(4) of the Bankruptcy Code?

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Facts

In 2009, Randy Bullock filed for bankruptcy in the United States Bankruptcy Court for the Northern...

(LIIBULLETIN preview)

The petitioners, Central Virginia Community College, Virginia Military Institute ("VMI"), New River Community College, and Blue Ridge Community College ("the Virginia Institutions") are public, higher education...

(LIIBULLETIN preview (pre-2014))
Facts

Ruth Heffron established an Individual Retirement Account (“IRA”) and designated her daughter, Petitioner Heidi Heffron-Clark, as the sole beneficiary. See In re Clark, 714 F.3d 559, 560. When Ruth died in September 2001, the account, worth...

(LIIBULLETIN preview)

Consolidated with Travelers Indemnity Company et al. v. Bailey, et al. (08-295).

(LIIBULLETIN preview)
JEVIC FILES BANKRUPTCY

On May 19, 2008, Jevic Holding Corporation (“Jevic”) fired its 1,800 employees—including Petitioners (“the drivers”), a certified class of truck drivers—without warning. See In re Jevic Holding Corp., et al., No. 14-1465, 5 (3d...

(LIIBULLETIN preview (pre-2014))
Facts

Nicholas Paleveda and Marjorie Ewing, a married couple, operated a series of companies, including Aegis Retirement Income Services, Inc. (“ARIS”) and the Bellingham Insurance Agency, Inc. (“BIA”). See Exec. Benefits Ins. Agency v. Arkison (“EBIA...

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