| Capsule Summary |
|
1 | (56) |
| Perspective |
|
57 | (5) |
|
Extra Judicial Collection Devices |
|
|
|
Common Law Theories and Limitations |
|
|
62 | (1) |
|
|
|
62 | (1) |
|
|
|
62 | (1) |
|
Public Disclosure of Private Facts |
|
|
62 | (1) |
|
Wrongful Intrusion on Solitude |
|
|
63 | (1) |
|
|
|
63 | (1) |
|
Federal Fair Debt Collection Practices Act (FDCPA) |
|
|
63 | (2) |
|
|
|
63 | (1) |
|
|
|
64 | (1) |
|
Meaning of ``Debt Collector'' |
|
|
64 | (1) |
|
Limits on Debt Collectors |
|
|
64 | (1) |
|
|
|
64 | (1) |
|
|
|
64 | (1) |
|
|
|
65 | (1) |
|
|
|
65 | (1) |
|
|
|
65 | (1) |
|
|
|
65 | (3) |
|
|
|
|
|
|
68 | (3) |
|
|
|
69 | (1) |
|
|
|
69 | (1) |
|
|
|
69 | (1) |
|
|
|
70 | (1) |
|
|
|
70 | (1) |
|
|
|
70 | (1) |
|
|
|
70 | (1) |
|
Restrictions on Garnishment |
|
|
70 | (1) |
|
|
|
71 | (1) |
|
|
|
71 | (1) |
|
|
|
71 | (1) |
|
|
|
71 | (13) |
|
|
|
72 | (1) |
|
|
|
72 | (1) |
|
|
|
72 | (1) |
|
|
|
72 | (1) |
|
|
|
73 | (1) |
|
|
|
73 | (1) |
|
|
|
73 | (1) |
|
|
|
73 | (1) |
|
|
|
74 | (1) |
|
|
|
74 | (1) |
|
|
|
74 | (1) |
|
|
|
75 | (1) |
|
|
|
75 | (1) |
|
|
|
76 | (1) |
|
|
|
76 | (1) |
|
|
|
76 | (1) |
|
Liability for Wrongful Attachment |
|
|
76 | (1) |
|
|
|
77 | (1) |
|
Terminating an Attachment |
|
|
77 | (1) |
|
|
|
77 | (1) |
|
|
|
77 | (1) |
|
|
|
78 | (1) |
|
|
|
79 | (1) |
|
|
|
79 | (1) |
|
|
|
79 | (1) |
|
|
|
80 | (1) |
|
|
|
80 | (1) |
|
|
|
80 | (1) |
|
|
|
81 | (1) |
|
Effect on Other Creditors |
|
|
81 | (1) |
|
|
|
81 | (1) |
|
|
|
82 | (1) |
|
Constitutional Due Process Limitations on Prejudgment Remedies |
|
|
82 | (1) |
|
|
|
82 | (1) |
|
|
|
82 | (1) |
|
|
|
82 | (1) |
|
|
|
83 | (1) |
|
|
|
83 | (1) |
|
|
|
84 | (1) |
|
|
|
84 | (1) |
|
|
|
84 | (1) |
|
Postjudgment Collection Concerns |
|
|
84 | (15) |
|
|
|
84 | (1) |
|
|
|
85 | (1) |
|
Mechanics of Obtaining a Judgment Lien |
|
|
85 | (1) |
|
|
|
85 | (1) |
|
|
|
85 | (1) |
|
|
|
86 | (1) |
|
Scope of the Judgment Lien |
|
|
86 | (1) |
|
|
|
86 | (1) |
|
|
|
86 | (1) |
|
Enforcement of Judgment Lien |
|
|
87 | (1) |
|
Duration of Judgment Lien |
|
|
88 | (1) |
|
|
|
88 | (1) |
|
|
|
88 | (1) |
|
|
|
89 | (1) |
|
|
|
89 | (1) |
|
|
|
89 | (1) |
|
|
|
89 | (1) |
|
|
|
90 | (1) |
|
Chart Comparing of Postjudgment Liens on the Debtor's Real Property With Postjudgment Liens on the Debtor's Personal Property |
|
|
91 | (1) |
|
|
|
92 | (1) |
|
|
|
92 | (1) |
|
Reach of the Remedy and Lien |
|
|
92 | (1) |
|
|
|
92 | (1) |
|
|
|
93 | (1) |
|
Supplementary Proceedings |
|
|
93 | (1) |
|
|
|
93 | (1) |
|
|
|
94 | (1) |
|
Not Used Where Property Transferred |
|
|
94 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
|
|
95 | (1) |
|
Priority of Purchasers at Sale |
|
|
96 | (1) |
|
General Rule: Caveat Emptor |
|
|
96 | (1) |
|
|
|
96 | (1) |
|
|
|
97 | (1) |
|
|
|
97 | (1) |
|
Parties to the Proceeding |
|
|
97 | (1) |
|
|
|
97 | (1) |
|
|
|
98 | (1) |
|
|
|
99 | (5) |
|
|
|
|
What Is Fraudulent Transfer Law? |
|
|
104 | (2) |
|
|
|
104 | (1) |
|
|
|
104 | (1) |
|
Early Common Law: Twyne's Case |
|
|
104 | (1) |
|
|
|
105 | (1) |
|
Preference Is Not a Badge of Fraud |
|
|
105 | (1) |
|
|
|
106 | (1) |
|
|
|
106 | (1) |
|
|
|
106 | (1) |
|
Which Transfers Are Fraudulent Transfers? |
|
|
106 | (2) |
|
|
|
106 | (1) |
|
|
|
107 | (1) |
|
|
|
107 | (1) |
|
Reasonable Equivalent Value |
|
|
107 | (1) |
|
|
|
107 | (1) |
|
|
|
108 | (1) |
|
Fraudulent Obligations Are Also Covered |
|
|
108 | (1) |
|
What Are the Consequences of Determining That a Transaction Is a Fraudulent Transfer? |
|
|
108 | (3) |
|
|
|
109 | (1) |
|
|
|
109 | (1) |
|
|
|
109 | (1) |
|
|
|
110 | (1) |
|
Getting the Property That was Transferred by Voiding the Transfer |
|
|
110 | (1) |
|
|
|
110 | (1) |
|
Against Whom Can a Recovery Be Had? |
|
|
111 | (1) |
|
Looking Back: Fraudulent Transfer and Garnishment |
|
|
111 | (1) |
|
Looking Ahead: Fraudulent Transfer Law and Bankruptcy |
|
|
111 | (1) |
|
|
|
112 | (3) |
|
Creditors with Special Rights |
|
|
|
|
|
115 | (8) |
|
Article 9 Security Interests |
|
|
116 | (1) |
|
|
|
116 | (1) |
|
|
|
117 | (1) |
|
|
|
117 | (1) |
|
|
|
117 | (1) |
|
Organization of Article 9 |
|
|
117 | (1) |
|
|
|
117 | (1) |
|
|
|
118 | (1) |
|
|
|
118 | (1) |
|
|
|
118 | (1) |
|
Ignore the Security Interest |
|
|
119 | (1) |
|
|
|
119 | (1) |
|
Repossess and Sell the Collateral |
|
|
119 | (3) |
|
|
|
122 | (1) |
|
|
|
122 | (1) |
|
|
|
122 | (1) |
|
|
|
122 | (1) |
|
|
|
122 | (1) |
|
|
|
123 | (1) |
|
Liens by Operation of Law |
|
|
123 | (2) |
|
|
|
123 | (1) |
|
|
|
124 | (1) |
|
Enforcement by Possession |
|
|
124 | (1) |
|
Effect of Loss of Possession |
|
|
124 | (1) |
|
|
|
125 | (1) |
|
|
|
125 | (1) |
|
|
|
126 | (11) |
|
Federal Priority Provision |
|
|
126 | (1) |
|
|
|
127 | (1) |
|
|
|
127 | (1) |
|
|
|
127 | (1) |
|
|
|
128 | (1) |
|
|
|
128 | (1) |
|
When Does the Federal Tax Lien Arise? |
|
|
128 | (1) |
|
|
|
129 | (1) |
|
|
|
129 | (1) |
|
|
|
129 | (1) |
|
No Filing Required as Against the Debtor |
|
|
130 | (1) |
|
What Property is Covered by a Federal Tax Lien? |
|
|
130 | (1) |
|
|
|
130 | (1) |
|
|
|
130 | (1) |
|
How Can the Tax Lien be Enforced? |
|
|
130 | (1) |
|
|
|
130 | (1) |
|
Notice and Right to Hearing |
|
|
130 | (1) |
|
What Are the Rights of a Third Party Who Buys Property From the Taxpayer After the Tax Lien Arises? |
|
|
131 | (1) |
|
|
|
131 | (1) |
|
|
|
131 | (1) |
|
|
|
132 | (1) |
|
What Are the Rights of the Taxpayer's Other Creditors? |
|
|
132 | (1) |
|
|
|
132 | (1) |
|
|
|
133 | (1) |
|
|
|
133 | (1) |
|
|
|
134 | (1) |
|
|
|
134 | (1) |
|
|
|
135 | (1) |
|
Circuity of Priority Problems |
|
|
136 | (1) |
|
|
|
136 | (1) |
|
|
|
137 | (1) |
|
|
|
138 | (1) |
|
|
|
138 | (4) |
|
Debtor's State Law Remedies A/K/A Collective Creditor Action |
|
|
|
Assignments for the Benefit of Creditors |
|
|
142 | (4) |
|
|
|
142 | (1) |
|
|
|
142 | (1) |
|
|
|
142 | (1) |
|
Relation to Fraudulent Conveyance Law |
|
|
143 | (1) |
|
Assignment for Creditors Not Fraudulent Per Se |
|
|
143 | (1) |
|
Effect of Reserving Some Interest |
|
|
143 | (1) |
|
|
|
143 | (1) |
|
|
|
144 | (1) |
|
|
|
144 | (1) |
|
|
|
144 | (1) |
|
|
|
144 | (1) |
|
|
|
145 | (1) |
|
|
|
145 | (1) |
|
|
|
145 | (1) |
|
Workouts A/K/A Composition and Extension |
|
|
146 | (3) |
|
|
|
146 | (1) |
|
|
|
146 | (1) |
|
Why Creditors Reluctant to Participate |
|
|
146 | (1) |
|
Effect on Non-Participating Creditors |
|
|
147 | (1) |
|
Preferring Some Creditors |
|
|
147 | (1) |
|
|
|
148 | (1) |
|
Why Workout Rather Than Chapter 11 |
|
|
148 | (1) |
|
Why Chapter 11 Rather Than Workout |
|
|
148 | (1) |
|
Compared to Assignment for Benefit of Creditors |
|
|
148 | (1) |
|
|
|
149 | (3) |
|
|
|
|
Differences Between Bankruptcy and State Law |
|
|
152 | (1) |
|
|
|
153 | (2) |
|
|
|
153 | (1) |
|
Bankruptcy Rules of Procedure and Forms |
|
|
154 | (1) |
|
|
|
154 | (1) |
|
Forms of Bankruptcy Relief |
|
|
155 | (1) |
|
|
|
155 | (1) |
|
|
|
156 | (1) |
|
Bankruptcy Courts and Bankruptcy Judges |
|
|
156 | (2) |
|
Under the Bankruptcy Act of 1898 |
|
|
156 | (1) |
|
|
|
157 | (1) |
|
Bankruptcy Court Part of District Court |
|
|
157 | (1) |
|
Grant of Jurisdiction Under § 1334 |
|
|
157 | (1) |
|
Role of Bankruptcy Judge Under § 157 |
|
|
158 | (1) |
|
|
|
158 | (2) |
|
|
|
158 | (1) |
|
|
|
159 | (1) |
|
|
|
159 | (1) |
|
|
|
160 | (1) |
|
|
|
160 | (4) |
|
Commencement, Conversion, and Dismissal of a Bankruptcy Case |
|
|
|
|
|
164 | (3) |
|
|
|
164 | (1) |
|
|
|
164 | (1) |
|
|
|
164 | (1) |
|
|
|
164 | (1) |
|
|
|
165 | (1) |
|
Debts Excluded from the Debt Limit |
|
|
165 | (1) |
|
|
|
165 | (1) |
|
Global Limitation on Individuals in Any Chapter |
|
|
166 | (1) |
|
|
|
166 | (1) |
|
|
|
166 | (1) |
|
|
|
166 | (1) |
|
|
|
166 | (1) |
|
|
|
166 | (1) |
|
|
|
167 | (1) |
|
|
|
167 | (2) |
|
Limitations on Involuntary Petitions |
|
|
167 | (1) |
|
Effect of Filing an Involuntary Petition |
|
|
167 | (1) |
|
|
|
167 | (1) |
|
|
|
167 | (1) |
|
Receiver or the Like Having Taken Possession of Debtor's Property |
|
|
168 | (1) |
|
What Happens During the Gap Period Between Filing and Order of Relief |
|
|
168 | (1) |
|
Court May Appoint Interim Trustee |
|
|
168 | (1) |
|
If No Interim Trustee Appointed |
|
|
168 | (1) |
|
Debtor's Remedies if Petition Dismissed |
|
|
168 | (1) |
|
|
|
169 | (1) |
|
|
|
169 | (1) |
|
Commence an Ancillary Case |
|
|
169 | (1) |
|
|
|
169 | (1) |
|
|
|
169 | (5) |
|
|
|
170 | (1) |
|
Section 707(a)---``For Cause'' |
|
|
170 | (1) |
|
Section 707(b)---``Abuse'' |
|
|
170 | (1) |
|
|
|
170 | (1) |
|
When the Means Test Does Not Apply |
|
|
170 | (1) |
|
When the Means Test Does Apply |
|
|
171 | (1) |
|
If the debtor fails the test |
|
|
172 | (1) |
|
If the debtor passes the test |
|
|
172 | (1) |
|
Section 707(c)(3)---Crime Victim |
|
|
173 | (1) |
|
|
|
173 | (1) |
|
|
|
173 | (1) |
|
|
|
173 | (1) |
|
|
|
174 | (2) |
|
Stay of Collection Actions and Acts |
|
|
|
|
|
176 | (1) |
|
|
|
177 | (2) |
|
|
|
177 | (1) |
|
|
|
177 | (1) |
|
Informal Collection Efforts |
|
|
177 | (1) |
|
|
|
177 | (1) |
|
|
|
177 | (1) |
|
Third Parties Not Protected |
|
|
178 | (1) |
|
|
|
178 | (1) |
|
|
|
178 | (1) |
|
|
|
178 | (1) |
|
Not Limited by Other Restrictions |
|
|
179 | (1) |
|
|
|
179 | (1) |
|
With Respect to Particular Property |
|
|
179 | (1) |
|
|
|
179 | (1) |
|
|
|
180 | (1) |
|
|
|
180 | (6) |
|
|
|
180 | (1) |
|
|
|
180 | (1) |
|
``Lack of Adequate Protection'' in Particular |
|
|
180 | (1) |
|
|
|
181 | (1) |
|
|
|
181 | (1) |
|
Loss in Value Through Depreciation |
|
|
181 | (1) |
|
|
|
181 | (1) |
|
|
|
182 | (1) |
|
|
|
182 | (1) |
|
|
|
182 | (1) |
|
``Indubitable Equivalent'' |
|
|
183 | (1) |
|
When Adequate Protection Is Inadequate |
|
|
183 | (1) |
|
|
|
184 | (1) |
|
|
|
184 | (1) |
|
Property Not Necessary to Effective Reorganization |
|
|
184 | (1) |
|
|
|
184 | (1) |
|
|
|
185 | (1) |
|
|
|
185 | (1) |
|
Meaning of Debt Limit ``Single Asset Real Estate'' |
|
|
185 | (1) |
|
|
|
185 | (1) |
|
Relationship of Section 362(d) Subsections |
|
|
186 | (1) |
|
Burden of Proof in Section 362(d) Litigation |
|
|
186 | (1) |
|
Consequences of Violating the Stay |
|
|
186 | (3) |
|
Legal Effect of Conduct in Violation of the Stay: Void Ab Initio |
|
|
186 | (1) |
|
Damages for Violating the Stay |
|
|
187 | (1) |
|
|
|
187 | (1) |
|
|
|
187 | (1) |
|
|
|
187 | (1) |
|
|
|
187 | (1) |
|
|
|
187 | (1) |
|
Immunity from Liability for Damages |
|
|
188 | (1) |
|
Creditors Without Proper Notice |
|
|
188 | (1) |
|
|
|
188 | (1) |
|
|
|
189 | (2) |
|
|
|
|
Why Is Property of the Estate an Important Concept? |
|
|
191 | (2) |
|
|
|
191 | (1) |
|
|
|
192 | (1) |
|
Supervision of Property in Chapter 11 and 12 Cases |
|
|
192 | (1) |
|
Supervision of Property in Chapter 13 Cases |
|
|
192 | (1) |
|
Basis for Determining Dividends in Chapters 11, 12, and 13 |
|
|
193 | (1) |
|
Other Importance of the Concept |
|
|
193 | (1) |
|
What Does Property of the Estate Include? |
|
|
193 | (4) |
|
What Is Included in the Phrase ``Interests of the Debtor in Property as of the Commencement of the Case''? |
|
|
193 | (1) |
|
|
|
193 | (1) |
|
What ``All. . .Interests'' Includes |
|
|
194 | (1) |
|
|
|
194 | (1) |
|
Generally, Not Pre-Petition Interests |
|
|
194 | (1) |
|
What Else Is Included in Property of the Estate? |
|
|
195 | (1) |
|
``Any interest in property that the trustee recovers,'' Section 541(a)(3) |
|
|
195 | (1) |
|
``Proceeds, product, offspring, rents or profits of or from property of the estate,'' Section 541(a)(6) |
|
|
195 | (1) |
|
``Earnings from services'' and Other Property That the Debtor Acquires After the Filing of a Chapter 11 or Chapter 13 Petition, Sections 1115 and 1306 |
|
|
196 | (1) |
|
Certain Other After-Acquired Property |
|
|
196 | (1) |
|
What Is Excluded From Property of the Estate? |
|
|
196 | (1) |
|
|
|
196 | (1) |
|
|
|
196 | (1) |
|
|
|
197 | (1) |
|
|
|
197 | (3) |
|
|
|
|
|
|
200 | (3) |
|
|
|
200 | (1) |
|
Section 522(b)(3)---Property Exempt Under State Law and Federal Law |
|
|
200 | (1) |
|
|
|
200 | (1) |
|
Tenancy-by-the-Entirety Property |
|
|
200 | (1) |
|
Non-Bankruptcy Federal Exemptions |
|
|
200 | (1) |
|
|
|
201 | (1) |
|
Section 522(b)(2)---Property Exempt under Section 522(d) |
|
|
201 | (1) |
|
|
|
201 | (1) |
|
|
|
202 | (1) |
|
Timely Objecting to Exemptions |
|
|
202 | (1) |
|
Pre-Petition Conversions of Property---Bankruptcy Estate ``Planning'' |
|
|
202 | (1) |
|
What Is the Significance in Bankruptcy of Exempt Property? |
|
|
203 | (4) |
|
|
|
203 | (1) |
|
|
|
203 | (1) |
|
|
|
204 | (1) |
|
|
|
205 | (1) |
|
When 522(f)(1)(B) Applies to Such Liens |
|
|
205 | (1) |
|
When 522(f)(1)(B) Does Not Apply |
|
|
205 | (1) |
|
Does Not Apply to Purchase Money Liens |
|
|
205 | (1) |
|
Does Not Apply to Possessory Liens |
|
|
205 | (1) |
|
Does Not Apply to Usually Important Stuff |
|
|
205 | (1) |
|
Further Limit---Section 522(f)(3) |
|
|
206 | (1) |
|
|
|
206 | (1) |
|
|
|
207 | (3) |
|
Avoidance of Prebankruptcy Transfers |
|
|
|
|
|
210 | (2) |
|
Transfer Means Voluntary and Involuntary |
|
|
210 | (1) |
|
When Avoidance Is an Issue |
|
|
211 | (1) |
|
|
|
211 | (1) |
|
What Are the Consequences of Avoiding a Transfer? |
|
|
212 | (2) |
|
Recovering Transferred Interest for the Estate |
|
|
212 | (1) |
|
|
|
212 | (1) |
|
Affect on Transfer of Interest for Security |
|
|
213 | (1) |
|
|
|
213 | (1) |
|
|
|
213 | (1) |
|
|
|
214 | (1) |
|
|
|
214 | (16) |
|
|
|
214 | (1) |
|
``Transfer of an Interest of the Debtor in Property'' |
|
|
215 | (1) |
|
Transfers by Other People Not Preferences |
|
|
215 | (1) |
|
|
|
215 | (1) |
|
``Transfer ... Made Within 90 Days Before ...'' |
|
|
216 | (1) |
|
|
|
216 | (1) |
|
|
|
216 | (1) |
|
|
|
217 | (1) |
|
|
|
217 | (2) |
|
|
|
219 | (1) |
|
Important When Transferee Insolvent |
|
|
220 | (1) |
|
Important When Actual Transfer Not Avoidable |
|
|
220 | (1) |
|
|
|
220 | (1) |
|
Amendment to Section 550 Overrules Deprizio |
|
|
221 | (1) |
|
Newer Amendment Finishes the Job |
|
|
221 | (1) |
|
Exceptions (Section 547(c)) |
|
|
222 | (1) |
|
Contemporaneous New Value |
|
|
222 | (1) |
|
|
|
222 | (1) |
|
|
|
223 | (1) |
|
|
|
224 | (1) |
|
|
|
224 | (1) |
|
How After-Acquired Interest Is a Preference |
|
|
225 | (1) |
|
How 547(c)(5) Protects the After-Acquired Interest |
|
|
226 | (1) |
|
|
|
226 | (1) |
|
Applications of 547(c)(5) |
|
|
226 | (2) |
|
|
|
228 | (1) |
|
Payment of Domestic Obligations |
|
|
229 | (1) |
|
Payment of Consumer Debts |
|
|
229 | (1) |
|
Payment of Debts by Non-Consumer |
|
|
229 | (1) |
|
|
|
230 | (5) |
|
|
|
230 | (1) |
|
|
|
230 | (1) |
|
Right of Setoff Generally Preserved in Bankruptcy |
|
|
230 | (1) |
|
|
|
231 | (1) |
|
|
|
231 | (1) |
|
``Arose Before the Commencement of the Case'' |
|
|
231 | (1) |
|
``Disallowed,'' Section 553(a)(1) |
|
|
231 | (1) |
|
``Acquired'' Claims, Section 553(a)(2) |
|
|
231 | (1) |
|
Build-ups, Section 553(a)(3) |
|
|
232 | (1) |
|
Improvement in Position, Section 553(b) |
|
|
232 | (1) |
|
|
|
233 | (1) |
|
|
|
234 | (1) |
|
Automatic Stay Applies to Setoffs |
|
|
234 | (1) |
|
``Recoupment' Treated Differently |
|
|
234 | (1) |
|
Fraudulent Transfers and Obligations |
|
|
235 | (7) |
|
|
|
235 | (1) |
|
|
|
235 | (1) |
|
|
|
235 | (1) |
|
|
|
236 | (1) |
|
Applied to Common Business Transactions |
|
|
236 | (1) |
|
|
|
236 | (1) |
|
Intercorporate Guarantees |
|
|
237 | (1) |
|
|
|
238 | (1) |
|
|
|
238 | (1) |
|
Comparison of Fraudulent Transfers and Preferential Transfers |
|
|
238 | (1) |
|
Comparison of Section 548 and State Law |
|
|
239 | (1) |
|
No Requirement of Actual Unpaid Creditors |
|
|
239 | (1) |
|
One--Year Reach-Back Period |
|
|
239 | (1) |
|
|
|
239 | (1) |
|
No ``Good Faith'' Requirement |
|
|
240 | (1) |
|
|
|
240 | (1) |
|
|
|
240 | (1) |
|
Effect of Avoidance Enhanced in Bankruptcy |
|
|
241 | (1) |
|
Chart Comparing of Sections 548 and 544(b) |
|
|
241 | (1) |
|
Transfers Not Recorded or Otherwise Perfected |
|
|
242 | (5) |
|
Section 544(a) [a/k/a ``Strong Arm Clause''] |
|
|
243 | (1) |
|
|
|
243 | (1) |
|
|
|
243 | (3) |
|
General Rules for Using 544(a) |
|
|
246 | (1) |
|
|
|
246 | (1) |
|
Transfers Not Timely Recorded or Otherwise Perfected |
|
|
247 | (6) |
|
|
|
247 | (1) |
|
``Deeming'' Time of Perfection as Time of Transfer-Section 547(e) |
|
|
247 | (2) |
|
|
|
249 | (1) |
|
|
|
249 | (2) |
|
|
|
251 | (1) |
|
|
|
252 | (1) |
|
|
|
253 | (1) |
|
|
|
253 | (1) |
|
Seller's Reclamation and Return Rights |
|
|
254 | (3) |
|
Rights Granted by State Law |
|
|
254 | (1) |
|
Effect of Bankruptcy Law on State--Law Rights |
|
|
254 | (1) |
|
Effect of Debtor's Transfer of Rights in Goods |
|
|
255 | (1) |
|
|
|
256 | (1) |
|
Bankruptcy Right of Return |
|
|
256 | (1) |
|
|
|
257 | (2) |
|
|
|
|
When Do Postbankruptcy Transfers Happen? |
|
|
259 | (1) |
|
How Does a Postbankruptcy Transfer Happen? |
|
|
260 | (1) |
|
How Does Section 549 Affect Postbankruptcy Transfers of Property of the Estate by the Debtor? |
|
|
261 | (2) |
|
|
|
261 | (1) |
|
|
|
261 | (1) |
|
Recorded Real Estate Transfers |
|
|
262 | (1) |
|
How Does Section 542 Affect Postbankruptcy Transfers of Property of the Estate by Third Parties? |
|
|
263 | (1) |
|
|
|
263 | (3) |
|
Effect of Bankruptcy on Secured Claims |
|
|
|
|
|
266 | (2) |
|
|
|
266 | (1) |
|
|
|
267 | (1) |
|
The Rash Case---Replacement Value |
|
|
267 | (1) |
|
Foreclosure Value Sometimes Used |
|
|
267 | (1) |
|
|
|
268 | (1) |
|
What Can Happen to Secured Claims During Bankruptcy? |
|
|
268 | (5) |
|
Delay in Realizing on Collateral |
|
|
269 | (1) |
|
Debtor's Use, Lease or Sale of Collateral |
|
|
269 | (1) |
|
|
|
269 | (1) |
|
|
|
270 | (1) |
|
Limitations on Floating Liens |
|
|
270 | (1) |
|
Section 552(a) Sinks Floating Liens |
|
|
270 | (1) |
|
|
|
271 | (1) |
|
Return of Repossessed Property |
|
|
272 | (1) |
|
|
|
272 | (1) |
|
|
|
272 | (1) |
|
Effect of Discharge on Secured Claims |
|
|
272 | (1) |
|
Satisfaction of Secured Claims |
|
|
273 | (7) |
|
|
|
273 | (1) |
|
Payment of Amount Equal to the Value of the Collateral in Chapter 7 and Chapter 11 Cases |
|
|
274 | (1) |
|
|
|
274 | (1) |
|
Payment from Trustee's Sale |
|
|
274 | (1) |
|
Payment from Postpetition Money |
|
|
274 | (1) |
|
|
|
275 | (1) |
|
|
|
275 | (1) |
|
Comparison of Sections 524 and 722 |
|
|
276 | (1) |
|
|
|
276 | (1) |
|
|
|
276 | (1) |
|
|
|
277 | (1) |
|
|
|
277 | (1) |
|
Present Value of Plan Distributions |
|
|
278 | (1) |
|
Distinguish Paying Interest on Over-Secured Claims |
|
|
278 | (1) |
|
Comparison of Paying Interest on Over-Secured Claims and Calculating Cram Down Interest |
|
|
279 | (1) |
|
Payment of the Debt in Full in Chapter 13 Cases and Chapter 11 Cases With Individual Debtors |
|
|
279 | (1) |
|
|
|
279 | (1) |
|
|
|
280 | (1) |
|
Postponement of Tax Liens in Chapter 7 Cases |
|
|
280 | (1) |
|
If No Valid Tax Lien, Then Section 507 |
|
|
280 | (1) |
|
If Valid Lien in Chapter 7, Then Section 724 |
|
|
281 | (1) |
|
|
|
281 | (3) |
|
|
|
|
Why Is ``Claim'' an Important Bankruptcy Concept? |
|
|
284 | (1) |
|
What Is a Claim? (and, Who Cares?) |
|
|
284 | (1) |
|
What Is an Unsecured Claim? |
|
|
285 | (1) |
|
Collection of Unsecured Claims From the Debtor |
|
|
286 | (1) |
|
What Property Is Distributed to Holders of Unsecured Claims? |
|
|
287 | (1) |
|
What Property Is Distributed to Holders of Unsecured Claims in Chapter 7 Cases? |
|
|
287 | (1) |
|
What Property Is Distributed to Holders of Unsecured Claims in Chapter 12, Chapter 13, and Individual Chapter 11 Cases? |
|
|
287 | (1) |
|
What Property Is Distributed to Holders of Unsecured Claims in Other Chapter 11 Cases? |
|
|
288 | (1) |
|
Which Holders of Unsecured Claims Are Eligible to Participate in the Bankruptcy Distribution? |
|
|
288 | (6) |
|
|
|
288 | (1) |
|
Bankruptcy Rules Govern Form |
|
|
289 | (1) |
|
Debtor Filing for Creditors |
|
|
289 | (1) |
|
|
|
289 | (1) |
|
Grounds for Disallowance in 502(b) and 502(d) |
|
|
290 | (2) |
|
Contingent Claims and 502(c) and 502(e) |
|
|
292 | (1) |
|
|
|
293 | (1) |
|
What Is the Order of Distribution? |
|
|
294 | (6) |
|
Treatment of Priority Claims in 7 |
|
|
294 | (2) |
|
Treatment of Priority Claims in 11, 12, 13 |
|
|
296 | (1) |
|
Section 507 Treatment of Priorities |
|
|
296 | (1) |
|
Domestic Support Obligations |
|
|
296 | (1) |
|
|
|
296 | (1) |
|
Ordinary--Course Claims in Involuntary Cases |
|
|
297 | (1) |
|
|
|
297 | (1) |
|
|
|
297 | (1) |
|
|
|
298 | (1) |
|
|
|
298 | (1) |
|
|
|
298 | (1) |
|
|
|
299 | (1) |
|
|
|
299 | (1) |
|
Section 510 Treatment of Subordination |
|
|
299 | (1) |
|
|
|
300 | (1) |
|
|
|
300 | (4) |
|
Leases and Executory Contracts |
|
|
|
|
|
304 | (3) |
|
Hybrid Nature of Lease and Executory Contract |
|
|
304 | (1) |
|
|
|
304 | (1) |
|
Different Ways of Treating Lease or Executory Contract |
|
|
305 | (1) |
|
Debtor Limited in Changing Lease or Executory Contract |
|
|
305 | (1) |
|
No Choice to Modify as of Right |
|
|
306 | (1) |
|
|
|
306 | (1) |
|
|
|
306 | (1) |
|
Effect of Rejection, Assumption, Assignment |
|
|
307 | (1) |
|
|
|
307 | (1) |
|
|
|
307 | (1) |
|
|
|
308 | (1) |
|
Procedure for Rejection or Assumption |
|
|
308 | (2) |
|
Chapter 7 Cases (Other Than Nonresidential Real Property Leases) |
|
|
308 | (1) |
|
Chapters 11 and 13 (Other Than Nonresidential Real Property Leases) |
|
|
309 | (1) |
|
Nonresidential Real Property Leases in Chapter 7, 11, and 13 Cases |
|
|
309 | (1) |
|
|
|
310 | (1) |
|
|
|
310 | (1) |
|
|
|
310 | (1) |
|
Limitations on the Effect of Rejection of a Lease or Executory Contract |
|
|
311 | (1) |
|
Collective Bargaining Contracts |
|
|
312 | (1) |
|
Employee Benefit Contracts |
|
|
312 | (1) |
|
Limitations on Assumption and Assignment |
|
|
312 | (4) |
|
|
|
312 | (1) |
|
Proceeds of Assignment of Lease |
|
|
313 | (1) |
|
Leases and Executory Contracts That Cannot Be Assumed or Assumed and Assigned |
|
|
314 | (1) |
|
Lease Terminated Before Bankruptcy |
|
|
314 | (1) |
|
|
|
314 | (1) |
|
Contracts Not Assignable Under Applicable Law |
|
|
314 | (1) |
|
Requirements for Assumption and Assignment |
|
|
315 | (1) |
|
Section 365(b) Applies if Default |
|
|
315 | (1) |
|
|
|
315 | (1) |
|
|
|
315 | (1) |
|
Definition of Executory Contract |
|
|
316 | (1) |
|
|
|
316 | (4) |
|
|
|
|
Which Debtors Receive a Discharge? |
|
|
320 | (7) |
|
|
|
320 | (1) |
|
Substantive Grounds for Withholding a Chapter 7 Discharge |
|
|
320 | (1) |
|
|
|
320 | (1) |
|
|
|
321 | (1) |
|
|
|
321 | (1) |
|
|
|
321 | (1) |
|
|
|
321 | (1) |
|
Failing to Explain Loss of Assets |
|
|
322 | (1) |
|
|
|
322 | (1) |
|
Conduct Relating to Another Bankruptcy Case |
|
|
322 | (1) |
|
|
|
322 | (1) |
|
Measuring the Time Periods |
|
|
323 | (1) |
|
|
|
323 | (1) |
|
|
|
323 | (1) |
|
New Grounds Added in 2005 |
|
|
323 | (1) |
|
Procedure for Objecting to a Chapter 7 Discharge |
|
|
324 | (1) |
|
|
|
324 | (1) |
|
|
|
324 | (1) |
|
|
|
324 | (1) |
|
Chapter 11 Cases: Business Entity Debtors |
|
|
324 | (1) |
|
Confirmation Operates as Discharge |
|
|
324 | (1) |
|
|
|
325 | (1) |
|
Applying Section 1141(d)(3) |
|
|
325 | (1) |
|
|
|
325 | (1) |
|
|
|
325 | (1) |
|
|
|
326 | (1) |
|
|
|
326 | (1) |
|
Reasons for Denying Discharge |
|
|
326 | (1) |
|
Which Obligations Are Affected by a Bankruptcy Discharge? |
|
|
327 | (7) |
|
|
|
327 | (1) |
|
|
|
328 | (1) |
|
|
|
328 | (1) |
|
False Statements and False Pretences---523(a)(2)(A) and (B) |
|
|
329 | (1) |
|
Comparison of Section 523(a)(2)(A) and (B) |
|
|
329 | (1) |
|
|
|
329 | (1) |
|
Reliance under 523(a)(2)(A) |
|
|
329 | (1) |
|
Luxuries---Section 523(a)(2)(C) |
|
|
329 | (1) |
|
Risk of Asserting Section 523(a)(2) Objection |
|
|
330 | (1) |
|
|
|
330 | (1) |
|
|
|
331 | (1) |
|
|
|
331 | (1) |
|
Willful and Malicious Injury---Section 523(a)(6) |
|
|
331 | (1) |
|
|
|
331 | (1) |
|
Relation to Other Provisions |
|
|
332 | (1) |
|
|
|
332 | (1) |
|
|
|
332 | (1) |
|
|
|
332 | (1) |
|
|
|
332 | (1) |
|
Other Exceptions to Discharge |
|
|
333 | (1) |
|
|
|
333 | (1) |
|
|
|
333 | (1) |
|
|
|
333 | (1) |
|
|
|
334 | (1) |
|
Procedure for Asserting an Exception to Discharge |
|
|
334 | (1) |
|
|
|
334 | (1) |
|
|
|
334 | (1) |
|
What a Discharge Does Not Do |
|
|
335 | (1) |
|
No Protection of Co-Debtors |
|
|
335 | (1) |
|
|
|
335 | (1) |
|
|
|
335 | (2) |
|
What Is a Reaffirmation Agreement? |
|
|
335 | (1) |
|
Why Make Such an Agreement? |
|
|
336 | (1) |
|
|
|
336 | (1) |
|
|
|
336 | (1) |
|
Avoid Litigation About Discharge |
|
|
336 | (1) |
|
|
|
336 | (1) |
|
|
|
337 | (1) |
|
|
|
337 | (1) |
|
|
|
337 | (1) |
|
Protection From Discriminatory Treatment |
|
|
337 | (1) |
|
|
|
338 | (4) |
|
|
|
|
|
|
342 | (2) |
|
|
|
342 | (1) |
|
Effects of 2005 Amendments to Code |
|
|
343 | (1) |
|
|
|
343 | (1) |
|
Changes Approach to Chapter 13 |
|
|
343 | (1) |
|
|
|
343 | (1) |
|
|
|
344 | (1) |
|
|
|
344 | (1) |
|
|
|
344 | (1) |
|
|
|
344 | (1) |
|
|
|
344 | (1) |
|
Co-Debtor Received the Consideration |
|
|
344 | (1) |
|
|
|
345 | (1) |
|
|
|
345 | (1) |
|
|
|
345 | (2) |
|
|
|
345 | (1) |
|
|
|
345 | (1) |
|
Avoidance---Maybe, Maybe Not |
|
|
346 | (1) |
|
|
|
346 | (1) |
|
|
|
346 | (1) |
|
Standard Roles With Respect to the Plan |
|
|
347 | (1) |
|
Preparation of the Chapter 13 Plan |
|
|
347 | (2) |
|
Contents of the Plan---Section 1322 |
|
|
347 | (1) |
|
What the Plan Must Provide (Section 1322(a)) |
|
|
347 | (1) |
|
What the Plan May Provide (Section 1322(b)) |
|
|
348 | (1) |
|
|
|
348 | (1) |
|
|
|
349 | (1) |
|
|
|
349 | (1) |
|
Confirmation of the Chapter 13 Plan |
|
|
349 | (4) |
|
|
|
349 | (1) |
|
|
|
349 | (2) |
|
Adequacy of Plan Payments |
|
|
351 | (1) |
|
``Best Interests of Creditors'' Test |
|
|
351 | (1) |
|
|
|
351 | (1) |
|
|
|
352 | (1) |
|
|
|
352 | (1) |
|
|
|
352 | (1) |
|
|
|
352 | (1) |
|
|
|
352 | (1) |
|
Cramdown (or Cram Down) of Secured Claims in Chapter 13 |
|
|
353 | (2) |
|
Alternatives to Cram Down |
|
|
353 | (1) |
|
Agreed Upon Modifications |
|
|
353 | (1) |
|
|
|
353 | (1) |
|
|
|
353 | (1) |
|
Requirements of Cram Down |
|
|
353 | (1) |
|
|
|
354 | (1) |
|
After the 2005 Amendments |
|
|
355 | (1) |
|
Treatment of Home Mortgages in Chapter 13 Plans |
|
|
355 | (3) |
|
Strip Down Versus Strip Off |
|
|
356 | (1) |
|
|
|
356 | (1) |
|
|
|
357 | (1) |
|
|
|
357 | (1) |
|
|
|
358 | (1) |
|
|
|
358 | (1) |
|
Using Claim Classification to Pay Some Debts in Full |
|
|
358 | (1) |
|
Cannot ``Discriminate Unfairly'' |
|
|
358 | (1) |
|
By Paying Long--Debt Terms Beyond the Plan |
|
|
359 | (1) |
|
|
|
359 | (1) |
|
Requirements of Discharge |
|
|
359 | (1) |
|
|
|
359 | (1) |
|
|
|
359 | (1) |
|
Objection Based on Prior Bankruptcy |
|
|
359 | (1) |
|
|
|
360 | (1) |
|
|
|
360 | (1) |
|
Dismissing or Converting to Chapter 7 Upon Debtor's Request |
|
|
360 | (1) |
|
Dismissing or Converting to Chapter 7 Upon Creditor's Request |
|
|
360 | (1) |
|
|
|
360 | (1) |
|
Treatment of Postpetition Claims and Property When Converting to Chapter 7 |
|
|
361 | (1) |
|
Comparison of Chapters 7 and 13 |
|
|
361 | (1) |
|
Comparison of Chapters 11 and 13 |
|
|
362 | (1) |
|
|
|
363 | (4) |
|
|
|
|
|
|
367 | (3) |
|
|
|
367 | (1) |
|
Consequences of Commencing a Chapter 11 Case |
|
|
368 | (1) |
|
Notifying and Organizing the Creditors |
|
|
368 | (1) |
|
|
|
368 | (1) |
|
|
|
368 | (1) |
|
Unsecured Creditors Committee |
|
|
369 | (1) |
|
|
|
369 | (1) |
|
|
|
369 | (1) |
|
|
|
369 | (1) |
|
|
|
370 | (1) |
|
Operation of the Business |
|
|
370 | (12) |
|
Who Operates the Business? |
|
|
370 | (1) |
|
Debtor in Possession (DIP) |
|
|
370 | (1) |
|
|
|
371 | (1) |
|
Statutory Grounds for Appointment |
|
|
371 | (1) |
|
Statutory Procedures for Appointment of Trustee |
|
|
371 | (1) |
|
|
|
371 | (1) |
|
|
|
371 | (1) |
|
|
|
372 | (1) |
|
Requirements for Appointment |
|
|
372 | (1) |
|
|
|
372 | (1) |
|
Use of Encumbered Property Including Cash Collateral |
|
|
372 | (1) |
|
In Bankruptcy Most Property is Subject to Liens |
|
|
372 | (1) |
|
Postpetition, After-Acquired Property |
|
|
373 | (1) |
|
|
|
373 | (1) |
|
But 362 Stay Stops Creditor From Repossessing |
|
|
373 | (1) |
|
And 363 Allows DIP to Use Collateral---With Conditions |
|
|
373 | (1) |
|
|
|
374 | (1) |
|
Inadequate Adequate Protection |
|
|
374 | (1) |
|
|
|
375 | (1) |
|
Encumbered Property that is NOT ``Cash Collateral' |
|
|
375 | (1) |
|
``Cash Collateral'' is Different |
|
|
376 | (1) |
|
|
|
376 | (1) |
|
Use of Cash Collateral Only Upon Consent or Adequate Protection |
|
|
376 | (2) |
|
Basics of Funding a Debtor in Chapter 11 Bankruptcy Cases |
|
|
378 | (1) |
|
Possible Sources of Funding |
|
|
378 | (1) |
|
Comparison of Use of Cash Collateral with Debtor-In-Possession Financing (a/k/a DIP Financing) |
|
|
379 | (1) |
|
Obtaining Additional Unsecured Credit From Vendors in the Ordinary Course of Business |
|
|
379 | (1) |
|
Obtaining Unsecured Credit Not in the Ordinary Course of Business |
|
|
380 | (1) |
|
Obtaining Priority or Secured Credit |
|
|
380 | (1) |
|
Obtaining Priming Secured Credit |
|
|
380 | (1) |
|
Procedure for Obtaining Credit |
|
|
381 | (1) |
|
|
|
381 | (1) |
|
|
|
381 | (1) |
|
|
|
381 | (1) |
|
|
|
382 | (1) |
|
Case Law on the Second Form of Cross Collateralization |
|
|
382 | (1) |
|
Preparation of the Chapter 11 Plan |
|
|
382 | (5) |
|
|
|
382 | (1) |
|
|
|
382 | (1) |
|
|
|
383 | (1) |
|
|
|
383 | (1) |
|
|
|
383 | (1) |
|
|
|
384 | (1) |
|
Possible Sources of Funding |
|
|
384 | (1) |
|
|
|
384 | (1) |
|
|
|
384 | (1) |
|
|
|
385 | (1) |
|
Administrative Expense Class---Small Claims---1122(b) |
|
|
385 | (1) |
|
Other Classes---``Substantially Similar'---1122(a) |
|
|
385 | (1) |
|
|
|
385 | (1) |
|
|
|
386 | (1) |
|
|
|
386 | (1) |
|
|
|
386 | (1) |
|
|
|
386 | (1) |
|
Single--Asset Real Estate |
|
|
387 | (1) |
|
|
|
387 | (3) |
|
|
|
387 | (1) |
|
|
|
388 | (1) |
|
|
|
388 | (1) |
|
|
|
389 | (1) |
|
|
|
389 | (1) |
|
Advantage of Section 1111(b) Election |
|
|
389 | (1) |
|
Disadvantages of Section 1111(b) Election |
|
|
390 | (1) |
|
|
|
390 | (1) |
|
|
|
390 | (8) |
|
Standards for Confirmation |
|
|
391 | (1) |
|
Plans Accepted by Every Class |
|
|
391 | (1) |
|
Best Interests of Creditors |
|
|
391 | (1) |
|
|
|
391 | (1) |
|
|
|
392 | (1) |
|
Consenting Impaired Class |
|
|
392 | (1) |
|
Plans Accepted by Less Than Every Class |
|
|
392 | (1) |
|
|
|
393 | (1) |
|
|
|
393 | (1) |
|
|
|
394 | (2) |
|
|
|
396 | (1) |
|
|
|
397 | (1) |
|
|
|
397 | (1) |
|
|
|
397 | (1) |
|
Comparison of Discharge in Chapter 7 and 11 Cases |
|
|
398 | (1) |
|
Special Forms of Chapter 11 Cases |
|
|
398 | (4) |
|
|
|
398 | (1) |
|
|
|
398 | (1) |
|
|
|
399 | (1) |
|
|
|
399 | (1) |
|
What Is a Small Business Case? |
|
|
399 | (1) |
|
How Is a Small Business Case Different? |
|
|
400 | (1) |
|
Single Asset Real Estate Cases |
|
|
400 | (1) |
|
Meaning of Single Asset Real Estate Case |
|
|
401 | (1) |
|
Automatic Stay Works Differently |
|
|
401 | (1) |
|
|
|
401 | (1) |
|
Individual Chapter 11 Cases |
|
|
401 | (1) |
|
|
|
402 | (4) |
|
Allocation of Judicial Power Over Bankruptcy Matters |
|
|
|
|
|
406 | (3) |
|
|
|
406 | (1) |
|
|
|
407 | (1) |
|
Marathon Pipeline Decision |
|
|
408 | (1) |
|
|
|
409 | (5) |
|
Bankruptcy Court as Part of the District Court, Section 151 |
|
|
409 | (1) |
|
Grants of Jurisdiction to the District Court, Section 1334(A) and 1334(B) |
|
|
410 | (1) |
|
|
|
410 | (1) |
|
|
|
410 | (1) |
|
``Arising Under'' Title 11 |
|
|
410 | (1) |
|
``Arising in'' a Case Under Title 11 |
|
|
410 | (1) |
|
``Related to'' a Case Under Title 11 |
|
|
410 | (1) |
|
Role of the Bankruptcy Court, Section 157 |
|
|
411 | (1) |
|
|
|
411 | (1) |
|
|
|
411 | (1) |
|
District Court Right of Withdrawal |
|
|
412 | (1) |
|
Abstention Under Section 1334(C) |
|
|
413 | (1) |
|
|
|
414 | (1) |
|
|
|
414 | (1) |
|
When Can a Bankruptcy Judge Hold a Jury Trial? |
|
|
415 | (1) |
|
|
|
415 | (2) |
|
|
|
|
A. Answers to Review Questions |
|
|
417 | (18) |
|
|
|
435 | (6) |
|
|
|
441 | (10) |
|
|
|
451 | (2) |
|
|
|
453 | |
Other versions by this Author