The staff of the Federal Trade Commission’s Bureau of Consumer Protection recently sent a letter to the court handling ConnectEdu’s bankruptcy proceedings and sale of assets, which may include their customer’s personal information.
USA, Insolvency & Restructuring, IT & Data Protection, Litigation, Winston & Strawn LLP, Bankruptcy, Information privacy, Consumer protection, Federal Trade Commission (USA), Federal Trade Commission Act 1914 (USA)
Recently, there have been cases in several states presenting the issue whether funds in an “inherited IRA” are exempt assets.1 An Ohio Bankruptcy Court has now ruled in favor of granting exempt status.
USA, Ohio, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Frost Brown Todd LLP, Tax exemption, Bankruptcy, Debtor, Beneficiary, Retirement, Westlaw, Title 11 of the US Code, Internal Revenue Code (USA), United States bankruptcy court
Under BAPCPA, enacted in 2005, a Bankruptcy Court may not approve a Chapter 13 plan which does not provide for the payment of all unsecured claims in full if the plan does not devote all of the debtor’s projected disposable income over the life of the plan to repayment of the unsecured creditors.
USA, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Bankruptcy, Debtor, Unsecured debt, Buyout, Supreme Court of the United States, United States bankruptcy court