bankruptcy

(LIIBULLETIN preview)

Jason Ransom ("Ransom") is a single man living in Nevada. See Ransom v. MBNA, 577 F.3d 1026, 1027 (9th Cir. 2009). In 2006, he had $82,542.93 of unsecured debt, mostly on credit cards, including $32,896.73 owed to MBNA America Bank ("MBNA"). See Id. In...

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On March 21, 2013, petitioner Ritzen Group, Inc. entered into a Real Estate Contract (“the Contract”) with respondent Jackson Masonry, LLC. Ritzen Group, Inc. v. Jackson Masonry, LLC, at 497. Under the Contract, Jackson Masonry was supposed to sell...

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In a Chapter 7 filing, a debtor is allowed to claim certain items exempt from creditor collection. See 11 U.S.C. § 522. The claimed exemption at issue in this case deals with two types of exemptions. The first type allows a debtor to exempt certain...

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In 1994, J. Howard Marshall II, a very wealthy retired oil executive, married Vickie Lynn Marshall (hereinafter “Vickie”); at the time of their marriage, she was 26 and he was 89. See In re Marshall, 600 F.3d 1037, 1041–42 (9th Cir. 2010). Vickie...

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Petitioner Bradley Weston Taggart, a real estate developer, owned a twenty-five percent interest in Sherwood Park Business Center (“SPBC”). Lorenzen v. Taggart, 888 F.3d 438, 440 (9th Cir. 2018). In 2007, Taggart transferred his interest in SPBC to his...

(LIIBULLETIN preview (pre-2014))

Oral argument: Mar. 30, 2009

Appealed from: United States Court of Appeals, 2d Circuit (Feb. 15, 2008)

BANKRUPTCY, ASBESTOS, SETTLEMENT TRUSTS, INSURERS, MANVILLE

In 1986, a bankruptcy court issued a landmark confirmation order that...

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U.S. Bank National Association (“U.S. Bank”) is a creditor of Village at Lakeridge, LLC (“Lakeridge”) for a $10 million secured claim. U.S. Bank National Association v. Village at Lakeridge, 814 F.3d 993, 996 (9th Cir. 2016). Lakeridge is controlled by...

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In 1988, Respondent Francisco J. Espinosa borrowed $13,250 in student loans through the Federal Family Education Loan Program, which grants federally guaranteed loans. See Brief for Petitioner, United Student Aid Funds, Inc. at 2. In 1992, Espinosa...

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