Eighth Circuit Bankruptcy Monitor

EIGHTH CIRCUIT BANKRUPTCY MONITOR

Eighth Circuit Bankruptcy Monitor

InRichards v. Rabo Agrifinance, LLC (In re Kip and Andrea Richards Family Farm & Ranch, LLC), the Eighth Circuit BAP (Judges Schermer, Shodeen and Sandberg) affirmed the bankruptcy court’s determination that members of a debtor LLC were equitably estopped from claiming ownership of LLC property.

As a result of the coronavirus pandemic, Arizona banks and their borrowers are facing economic uncertainty. Bankruptcy filings are on the rise, and many eligible borrowers are opting to file under the Small Business Reorganization Act of 2019 (SBRA), a new fast-track bankruptcy option that alters lenders’ and other creditors’ rights in certain Chapter 11 bankruptcy cases.

The SBRA is quickly becoming an important tool for debtors in bankruptcy as the effects of COVID-19 are felt across the country.

Objection to IRS Proof of Claim, Filed Before Amendment to Rule 3007 Went Into Effect, Was Properly Mailed Only to IRS

Originally published Dec. 9, 2020, on Law360.

With the COVID-19 pandemic depriving bankruptcy practitioners of our usual opportunities to meet in court and at conferences to discuss recent developments in the law, I spent time tracking developments in bankruptcy law within the U.S. Court of Appeals for the Eighth Circuit.

EIGHTH CIRCUIT BANKRUPTCY MONITOR

EIGHTH CIRCUIT BANKRUPTCY MONITOR

EIGHTH CIRCUIT BANKRUPTCY MONITOR

EIGHTH CIRCUIT BANKRUPTCY MONITOR