In February of 2010, after falling $3,700 behind on his mortgage loan, Charles E. Harris III filed for bankruptcy under Chapter 13 of the Bankruptcy Code. See In re Harris, 757 F.3d 468, 471 (5th Cir.). His reorganization plan was confirmed in April of...
Chapter 7
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Facts
In January 2004, Stephen Law filed a Chapter 7 petition for bankruptcy. See Law v. Siegel, No. CC-10-1499-MkLaPa, at *2 (B.A.P. 9th Cir.). Alfred H. Siegel acted as the Chapter 7 trustee. See id. Such a trustee is responsible for taking possession...
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Robert Marrama entered the flooring business as a teenager and grew his family’s small enterprise into a multi-million dollar company. Sonia Nezamzadeh, Medill—On the Docket: Marrama, Robert v. Citizens Bank of Massachusetts,...
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The sole issue on appeal is whether the debtors' individual retirement accounts ("IRAs") are exempt from the bankruptcy estate under 11 U.S.C. 522(d)(10)(E). After their termination from Northrop Grumman, appellants Richard and Betty Jo Rousey rolled...
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In a Chapter 7 filing, a debtor is allowed to claim certain items exempt from creditor collection. See 11 U.S.C. § 522. The claimed exemption at issue in this case deals with two types of exemptions. The first type allows a debtor to exempt certain...