Tag Archive: bankruptcy trustee

What are Bankruptcy Avoidance Powers?

Avoidance powers: Rights given to the bankruptcy trustee (or the debtor in possession in a Chapter 11) to recover certain transfers of property such as preferences or fraudulent transfers or to void liens created before the commencement of a bankruptcy case. More on preferences.

Continue Reading »

Chapter 13 Payment Amount Can Change, But Not Plan Length

APPLICABLE COMMITMENT PERIOD IS FIXED AS DATE OF FILING In re Moore, Case No. 06-20031 April 2007, Judge Berger Debtors’ circumstances changed post petition pre confirmation. Although this does not change the ACP, it can change the amount to be paid to creditors. The ACP is locked in as of the date of filing. The Court noted that ...

Continue Reading »

Kansas City Software Firm Hired for Largest U.S. Bankruptcy

The Kansas City, Kansas, computer software company used by one Topeka chapter 7 bankruptcy trustee was chosen this week to manage claims for Lehman Brothers Holdings Inc., the largest bankruptcy case in U.S. history. Epiq Systems Inc., develops software to manage bankruptcy cases.  It has experience with large chapter 11 ...

Continue Reading »