The Bankruptcy Code (“Code”) permits “a creditor [to] assert an unsecured claim for post-[bankruptcy] attorneys’ fees based on a pre-[bankruptcy] promissory note,” held the U.S. Court of Appeals for the Fourth Circuit on Feb. 8, 2019. SummitBridge Nat’l Investments III, LLC v. Faison, 2019 WL 490573, *2 (4th Cir. Feb. 8, 2019). In a sensible opinion, the Fourth Circuit reversed the lower courts’ disallowance of an undersecured lender’s claim for legal fees. The court thus “join[ed] other federal courts of appeals” with its holding. Id.

The appointment of a receivership is an incredibly useful tool for lawyers. Since it is such a useful tool and due to a recent ruling in Texas, we thought now was as good as any to brush up on our familiarity with receiverships.

“A … transferee [who] received fraudulent transfers with actual knowledge or inquiry notice of fraud or insolvency” loses any “good faith” defense available under the Texas version of the Uniform Fraudulent Transfer Act (“TUFTA”), held the U.S. Court of Appeals for the Fifth Circuit on Jan. 9, 2019. Janvey v. GMAG LLC, 2019 WL 141107, *3 (5th Cir. Jan. 9, 2019) (emphasis added).

自己破産というのは、借金を返すことがもう絶対にできないということを裁判所に理解してもらい、法律上で、借金をなくしてもらうことができるやり方です。生活する中で、最低限必要な財産以外のものは、何もかも失うことになります。 日本の国民であるならば、誰もが自己破産ができるのです。

本来、債務は自分で返済すべきですが、どうにも返済の見込みが立たないときには、債務整理を考えてみるべきです。 一般的に債務整理が必要かどうか判断するタイミングというのは、毎月の返済が収入の３割以上に及ぶ場合が妥当な時期のようです。任意整理で弁護士等を訪れるのはこのタイミングが一番多いです。予定していた日に返済が行われないと、貸した側から次の日には支払いに関しての連絡がくるでしょう。

次の支払い予定日を聞かれるのでそこで約束すれば、あとでしつこく電話がかかってくることもありません。

しかし、もしその期日に約束を果たさないと、また催促の連絡がきて、やがて訴訟に発展する可能性もあります。

どうあがいても返済不能な状態に陥ったら、任意整理、個人再生、自己破産といった債務手続きをするという手があります。

どういった形で債務者が借金を整理するかによって債務整理には４つの方法があります。

Whether liquidated damages (LDs) can be claimed after termination is a question which comes up regularly. It is very relevant in the current climate where contracts are often terminated following contractor insolvency. If I were devising a construction law exam paper, this classic question would undoubtedly appear.

On December 27th, Jonathan and I returned to the studio to record the latest podcast for The Bank Account. We haven’t discussed New Year’s Resolutions, but we’ll try to return to a little more normalcy in 2019!

This article first appeared in Corporate Rescue & Insolvency, December 2018.

Key points

Key points

“Section 365(h) of the Bankruptcy Code [(“Code”)] and the doctrine of equitable recoupment entitled [a commercial tenant] to continue paying [reduced] rent … even after its landlord filed for bankruptcy and rejected the Lease,” held the U.S. Court of Appeals for the Third Circuit on Nov. 30, 2018. In re Revel AC Inc., 2018 WL 6259316, *6 (3d Cir. Nov. 30, 2018).

Two courts have added to the murky case law addressing a bankruptcy trustee’s ability to recover a debtor’s tuition payments for their children. In Geltzer v. Oberlin College, et al., 2018 WL 6333588 (Bankr. S.D.N.Y. Dec. 4, 2018), a New York Bankruptcy Judge permitted a trustee to claw back payments that parents made to their financially independent adult children for college-related costs. In Pergament v. Brooklyn Law School, et al., 2018 WL 6182502 (E.D.N.Y. Nov.