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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