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Year: 2011

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Bankruptcy & Student Loan Relief

Classes Of Claims In Ch. 11 Must Be Unique – Not Just Only For Plan Approval

December 5, 2011March 30, 2023 Mike Shovan

An element of Ch. 11 is that through the Plan the sorting of creditor claims into a particular class, with other substantially similar claims is

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Bankruptcy & Student Loan Relief

IRS Penalties Still Apply When Business Is In Chapter 11

December 5, 2011March 30, 2023 Mike Shovan

A Bankruptcy Appellate Panel of the 6th Circuit affirmed a Bankruptcy Court Order made regarding Southeast Waffles LLC.  This Debtor had sought to avoid and

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Bankruptcy & Student Loan Relief

Business debtor can’t hire lawyer once Ch. 11 Trustee appointed

December 4, 2011March 30, 2023 Mike Shovan

Moohaven Dairy LLC filed bankruptcy in the Eastern District of MI, Northern Division, requesting legal representation from Attorney Dale Cubitt. The primary secured creditor Bank

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Bankruptcy & Student Loan Relief

6th Circuit forces entireties property sale to satisfy tax debt of singular spouse

December 3, 2011March 30, 2023 Mike Shovan

On an Appeal made by Defendant Deborah Barczyk, the 6th Circuit Opinion is that the District Court for the Eastern District (MI) has authority, to

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Bankruptcy & Student Loan Relief

Appeals Court says SSI isn’t disposable income in Chapter 13.

December 1, 2011March 30, 2023 Mike Shovan

Baud is an opinion from the 6th Circuit Court of Appeals.  DMI is a projected figure, and in this case, when debtors were above median

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Bankruptcy & Student Loan Relief

Court cites Baud as a precedent in Tobias decision. Agrees SSI is not disposable income.

December 1, 2011March 30, 2023 Mike Shovan

Tobias was a Court decision made in the Eastern District of MI, Southern Division.  In making the Tobias opinion, the Court specifically requested briefs from

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Bankruptcy & Student Loan Relief

MEDIAN INCOME IN MICHIGAN – Effective November 1, 2011

November 8, 2011March 30, 2023 Mike Shovan

Here are the new median income numbers applicable to Chapter 7 and Chapter 13 bankruptcy in Michigan: 1 person:           $43,677 up from $42,562 2 persons:

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