Debtors filed a Chapter 7 petition; among their debts, debtors confessed judgment of approximately $400,000 in favor of a jeweler from whom debtors took possession of watches, earrings and ring collections. Although debtors returned multiple watches and a ring collection, ...

Tagged with: Bankruptcy Chapter 7 Denial Of Discharge Failure to Keep Records

Where debtors’ failure to maintain adequate records to allow the bankruptcy court to determine the value of the transactions between debtors and creditor jeweler, bankruptcy court was justified in denying charge. Judgment is affirmed. In re: Dykes (MLW No. 72253/Case ...

Tagged with: Bankruptcy Chapter 7 Denial Of Discharge Failure to Keep Records

A debtor’s filing for bankruptcy resulted in a sufficient impairment of collateral to trigger an auto lender’s contractual right to repossession, the Kansas Supreme Court has ruled in affirming judgment.

Tagged with: Bankruptcy Chapter 7

Marcusen v. Glen (MLW No. 62045/Case No. 10-2031 – 6 pages) (U.S. Court of Appeals, 8th Circuit, Wollman, J.)

Tagged with: Chapter 7 fraud Wollman

Fokkena v. Chapman (Case No. 10-6046 – 8 pages) (U.S. Bankruptcy Appellate Panel, 8th Circuit, Schermer, B.J.)

Tagged with: Chapter 13 Chapter 7 schermer

Northland National Bank v. Lindsey (MLW No. 61782/Case No. 10-6045 – 10 pages) (U.S. Bankruptcy Appellate Panel, Nail, B.J.)

Tagged with: Chapter 7 Nail

A debtor who did not list her former stepson as a creditor in her Chapter 7 bankruptcy case should not have been granted a discharge of the stepson’s claim, which arose from child abuse. The U.S. Bankruptcy Appellate Panel explained ...

Tagged with: Chapter 7