The Bankruptcy Appellate Panel for the U.S. Court of Appeals for the Sixth Circuit recently reversed a lower bankruptcy court’s ruling that rejected an objection to the confirmation of debtors’ chapter 13 plan asserted by the holder of a claim relating to vehicle financing incurred within 910 days of the bankruptcy petition (a “910 claim”).

The U.S. Court of Appeals for the Fifth Circuit recently affirmed judgment against a borrower for quiet title claims brought against the owner and servicer of her mortgage loan, and entered judgment of foreclosure in the loan owner and servicer’s favor on their counterclaims for foreclosure against the borrower.

The Dutch legislator has published a bill for a new pre-insolvency tool, which seeks to combine the best of the UK scheme of arrangement and the US Chapter 11 procedure. The new legislation will be formally called 'The Act regarding the binding approval of debt restructuring agreements'. Among restructuring professionals it is already widely referred to as the WHOA (Wet homologatie onderhands akkoord) or the "Dutch Scheme". Currently, the WHOA is pending final approval by the Dutch parliament and is expected to enter into force on 1 July 2020.

As the name suggests, the UNCITRAL Model Law on Cross-Border Insolvency 1997 (Model Law) seeks to address complexities caused where insolvencies cross borders, while leaving substantive insolvency laws of each country largely unaltered. However, as jurisdictions continue to adopt and interpret the Model Law, inconsistencies in its application are coming to light.

• Az Igazságügyi Minisztérium 2018-ban látott hozzá az új Fizetésképtelenségi Törvény előkészítéséhez, amely kapcsán erős szakmai igények fogalmazódtak meg – többek között a reorganizáció elősegítését vagy a hitelezők nagyobb arányú megtérítését illetően.
• A 2019 nyarán hatályba lépett Szerkezetátalakítási Irányelv lehetőséget biztosít egy eddig a magyar jogban nem létező eljárás, az ún.

Reconsidering the Lasmos approach to winding-up petitions involving arbitration clauses.

The U.S. Court of Appeals for the Third Circuit recently held, in a case of first impression in that circuit, that a secured creditor’s failure to turn over collateral repossessed prior to the filing of the bankruptcy petition does not violate the automatic stay.

A copy of the opinion inIn re Denby-Peterson is available at: Link to Opinion.

2018-ban indult a magyar fizetésképtelenségi jog reformjával kapcsolatos munka az Igazságügyi Minisztérium irányításával. A 2019. októberében tartott 43. Jogász Vándorgyűlésen dr. Bogdán Tibor kormánybiztos, dr. Bodzási Balázs tanszékvezető (Budapesti Corvinus Egyetem), dr. Zsombolyay Péter főosztályvezető (IM) és dr. Fabók Zoltán ügyvéd (DLA Piper Hungary) fejtették ki álláspontjukat a folyamatban lévő kodifikáció egyes kérdéseivel kapcsolatban.

In a putative class action of borrowers who received mortgage statements after a bankruptcy discharge, the U.S. Court of Appeals for the Eleventh Circuit recently reversed a trial court order denying certification for failure to establish predominance.

The U.S. Court of Appeals for the Fifth Circuit recently held that a bankruptcy court lacks the power to enforce discharge injunctions entered in other districts, and that the debtors’ particular private education loans were not excepted from discharge.

A copy of the opinion in Crocker v. Navient Solutions, LLC is available at: Link to Opinion.