Last night I wrapped-up a two-part lecture on bankruptcy plan confirmation for Gary Marsh’s Complex Restructuring course at Emory Law. Without this blog, I likely wouldn’t have had that neat opportunity over the last few years, and I certainly wouldn’t have had so much Judge Drake content to fill up six hours of class
Bankruptcy
What Happens To Cash In Bankruptcy?
How much cash can you keep when you file bankruptcy?
It’s not as though you won’t have living expenses after you file bankruptcy.
You need to know how you’ll manage and what you’ll have to manage with.
Funding that fresh start is what exemptions are all about.
We are talking here about California because exemptions,…
Representation and Warranty Insurance – Considerations for M&A Transactions
Jumping Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2025
An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be adjusted upward by 13.2004%, perhaps the largest increase to date. Inflation adjustments are made to certain Bankruptcy Code dollar amounts every three years, and these new amounts will apply to…
“Unleashing American Energy” – Executive Order Summary
On the first day of his second term in office, President Trump issued an Executive Order titled “Unleashing American Energy.” This Order contains several provisions intended to encourage American energy production and remove barriers that “have impeded the development” of energy and natural resources.
The Order states that it is “in the national…
FCA CP25/3: Consultation on further proposals for firms operating public offer platforms
Bankruptcy Discharge Slays IRS Form 1099
In a duel between a tax Form 1099 and a bankruptcy discharge, bankruptcy wins every time.
The prize? no tax on debt discharged in bankruptcy.
So, if you’ve already gotten your discharge, the creditor’s 1099, with your social security number on it, is no threat.
But you do need to file another form to…
Your Business Partnership Needs A Prenup
Financial partnerships are at least as challenging as marriages. And business deals don’t have love to smooth the rough spots in the relationship.
The traditional marriage service ends with the charge that what God has joined together, let no man put asunder.
That’s great with love, but not so great with money.
Something will likely asunder…
New UK Regulations Enhance Insolvency Practitioners’ Access to Data held by Companies House
The Information Sharing (Disclosure by the Registrar) Regulations 2024 (the “Regulations”) came into force in December 2024. The Regulations enhance insolvency practitioners (including the Official Receiver) (“IPs”) powers of investigation by providing them with greater access to information held by Companies House.…