(Bankr. W.D. Ky. Dec. 1, 2016)
Following trial, the bankruptcy court excepts from discharge a debt arising from a loan, but holds the plaintiff failed to meet its burden with respect to other debts. The court also finds that a lien was not created where there was no proof of an actual levy, but a seperate judgment lien is held valid. The court denies the debtor’s motion to avoid the lien. Opinion below.
Judge: Stout
Attorneys for Plaintiff: Thomas, Arvin & Adams, James G. Adams, III, David E. Arvin
(6th Cir. B.A.P. Nov. 29, 2016)
(Bankr. W.D. Ky. Nov. 16, 2016)
(6th Cir. B.A.P. Sep. 30, 2016)
(Bankr. S.D. Ind. Sep. 14, 2017)
The bankruptcy court grants the university’s motion for summary judgment, determining that the student loan debt is nondischargeable. The debtor filed the adversary proceeding alleging repayment would present an undue hardship. The debtor did not respond to the university’s motion and failed to present any evidence to satisfy the Brunner test. Opinion below.
Judge: Carr
Attorney for Debtor: Eric C. Redman, Redman Ludwig PC
Attorney for University: Constantine Alexander Hortis, Maryland Attorney General
(Bankr. E.D. Ky. September 14, 2016)
(Bankr. E.D. Ky. Sep. 15, 2017)
The bankruptcy court denies the lender’s motion to dismiss the Chapter 11 bankruptcy. The lender argued that the party signing the debtor’s petition did not have the requisite authority to commence a bankruptcy case for the debtor. The bankruptcy court finds that amendments to the debtor’s operating agreement were made for the sole purpose of eliminating the debtor’s ability to file for bankruptcy without the lender’s consent. The court finds this violates Federal public policy and the provisions are unenforceable. Opinion below.
Judge: Schaaf
(7th Cir. Sept. 14, 2016)
(Bankr. W.D. Ky. July 28, 2017)
(7th Cir. June 10, 2016)
The Seventh Circuit reverses, holding the bankruptcy court applied too narrow of a baseline payment range to the creditor’s ordinary course defense in this preference action. While this court agreed that there were a few payments outside the ordinary course, the new value defense applied to completely offset those payments. Opinion below.
Judge: Sykes
Attorneys for Appellant: Nixon Peabody LLP, Richard Scott Alsterda, Theodore Eric Harman
Attorneys for Appellee: Clark Hill PLC, Pamela Joy Leichtling, Scott N. Schreiber