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Consumer Bankruptcy › Petition for Writ of Certiorari

Consumer bankruptcy is a process to reduce or eliminate personal as opposed to business debts. Consumer bankruptcies can be filed under either Chapter 7 or Chapter 13 of the bankruptcy code.  Debtors are... more +
Consumer bankruptcy is a process to reduce or eliminate personal as opposed to business debts. Consumer bankruptcies can be filed under either Chapter 7 or Chapter 13 of the bankruptcy code.  Debtors are eligible for Chapter 7 or Chapter 13 depending on the nature of their debts and assets. less -
Patterson Belknap Webb & Tyler LLP

Update: Supreme Court Resolves Circuit Split Regarding Pre-Bankruptcy Seizure

Patterson Belknap Webb & Tyler LLP on

In 2019, we began following a Circuit split regarding a secured creditor’s obligation to return collateral that it lawfully repossessed pre-petition after receiving notice of a debtor’s bankruptcy filing. In our prior posts,...more

Proskauer - Minding Your Business

Courts Split on Definition of a “Return” for Tax Discharge

Proskauer - Minding Your Business on

On October 11, 2016, Martin Smith petitioned the Supreme Court for a writ of certiorari to review a decision by the Ninth Circuit. After Smith failed to file a timely tax return, the IRS assessed a deficiency against him....more

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