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Important Bankruptcy Cases before the US Supreme Court

Here is a summary of the important Bankruptcy Cases before the US Supreme Court:

In re Puffer, No. 11-1831 (1st Cir.)

Issue: Whether chapter 13 fee-only plan is necessarily bad faith under 1325(a)(3) & (7)

Argued: January 10, 2012

Jed Berliner had the opportunity to present his argument to Justice Souter who was on the three-judge panel in this case.

 

In re Friedman, No. 11-1149 (B.A.P. 9th Cir.)

Issue: Absolute priority rule in individual chapter 11 case.

Argument date: January 18, 2012

NACBA participated as amicus in oral argument with Daniel Press presenting NACBA’s position

 

In re Hamlin, No 11-1083 (B.A.P. 9th Cir.)

Issue: Whether chapter 7 debtor may exempt inherited IRA.

Argument date: January 19, 2012

 

In re Massey, No. 11-60 (B.A.P. 1st Cir.)

Issue: Whether court correctly sustained trustee’s objection to exemption in the amount of 100% FMV.

Argument date: January 23, 2012

 

The following case has been scheduled for oral argument:

 

In re Chilton, No. 11-40377 (5th Cir.)

Issue: Exemption for inherited IRA under 522(d)(12).

Date of argument: February 8, 2012

NACBA filed an amicus brief in this case.

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