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For bankruptcy professionals . . . who aspire to excellence |
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BY MORGAN KING:
BY OTHER
AUTHORS IN THE These titles are not yet available
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MEMBERSHIP
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BANKRUPTCY NEWS
May 4 2010 Proposed Legislation Allows Discharge of Private Student Loans in Bankruptcy Published 04 May 2010| NextStudent Democratic lawmakers in both chambers of Congress have proposed legislation that would make private student loans eligible for discharge under U.S. bankruptcy laws. Sens. Richard Durbin of Illinois, Sheldon Whitehouse of Rhode Island, and Al Franken of Minnesota introduced the Fairness for Struggling Students Act (S. 3219) in the U.S. Senate on April 15, the same day that Reps. Steve Cohen of Tennessee and Danny Davis of Illinois introduced the Private Student Loan Bankruptcy Fairness Act (H.R. 5043) in the U.S. House of Representatives. The House Judiciary
Committee recently held a hearing on the proposed House bill
(webcast of the House Judiciary Committee hearing on the
Private Student Loan Bankruptcy Fairness Act, April 22,
2010). JAN. 1 2010 U.S. TRUSTEE POSTS "FREQUENTLY ASKED QUESTIONS" AND ANSWERS. The answers to the questions below represent the United States Trustee Program's interpretation of the provisions of the Bankruptcy Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). They are intended to provide guidance to United States Trustee Program staff and to private trustees. A private trustee may have a different interpretation of the meaning of the BAPCPA provisions. If a trustee believes that the law requires him/her to act contrary to the opinions expressed in this document, the trustee should consult with the United States Trustee. Chapter 13-Specific Issues Q: Are there special requirements for the review of mortgage proofs of claim in chapter 13? A: Yes. By May 1, 2009, chapter 13 trustees are required to follow the "Guidelines for Reviewing Mortgage Proofs of Claim" developed by the United States Trustee Program [PDF - 12 KB]. Q: How can a chapter 13 trustee verify the filing of tax returns as required by 11 U.S.C. § 1308 if the debtor files the returns with the IRS the day before the § 341 meeting? A: The trustee may request copies of the returns or transcripts and have the debtor testify under oath that the tax returns were filed with the appropriate taxing authority. Q: Does 11 U.S.C. § 1308(a) require a debtor to file tax returns with the IRS even if they are not due yet? A: Section § 1308(a) requires only that a debtor file tax returns he/she was required to file "under applicable nonbankruptcy law." Q: When a debtor attempts to cram down debts, is the chapter 13 trustee required to object to confirmation? A: A trustee should object to a cram down if the case law requires such objections. The United States Trustee will not require the trustee to object to an attempted cram down unless, on its face, it violates the requirements of confirmation. _________________ MAY 5 2009 WE ARE PROUD to announce that RICHARD H. KRAVITZ, formerly Executive Vice President and Group Publisher at Aspen Publishing, has joined the staff at KING BANKRUPTCY PRACTICE (formerly King Bankruptcy Media). At Bankruptcy Practice, Mr. Kravitz will assume the title Senior Advisor, Publishing & Media Development. Mr. Kravitz is a distinguished talent in the field of legal publishing, information, and media. He brings a wealth of experience and insight to development and marketing of resources of great relevance to the consumer bankruptcy bar. At Bankruptcy Practice Mr. Kravitz will focus initially on several new programs, including the Bankruptcy Practice LLM and Academy Certification programs at King Bankruptcy Academy, and book product development and marketing for the King Bankruptcy Practice Series (BankruptcyBooks.com) Rick Kravitz's Experience He is known in the industry for his innovative product and business development within the publishing industry . Extensive experience building top publishing companies and product portfolios in the US and abroad within traditional and digital media space. Hands on international management experience. Proven expertise in leading company growth and driving business transformation As Aspen Publishers Senior Vice President/Group Publisher, he served as a member of the Executive Committee responsible for setting corporate financial goals, business and product development investment and acquisition targets. Increased division revenue from $5 million to almost $200 million in ten years thru new product development and 19 acquisitions. Doubled legal education revenue and OI in seven years. ADDITIONAL EXPERIENCE President and Group Publisher, Panel Publishers, Wolters Kluwer EDUCATION New York University - Leonard N. Stern School of Business MBA/CPA, Economics, spanish literature,finance, accounting, 1967 &emdash; 1974 SPEAKING International Information Industry, Amsterdam - International Licensing and syndication *Speaker -NEPA Conference-Greatest mistakes of buyers and sellers *Award -7th Annual Literary Marketplace Award - 1st place Professional division *Award-Folio Silver direct mail and Ozzie design awards for Financial Manager Magazine (publisher) *Award -American Association of Publishers, Best reference Service- MAS Manual *Appeared in print - NY Times "financial officers get a magazine" ACTIVITIES & SOCIETIES: Member AICPA, NYSSCPA, US Coast Guard Auxilliary. ASSPA (Society of Pension Actuaries.
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HELPFUL LINKS
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GETTING AROUND THIS WEB SITE HOW DO I . . . ? FIND OUT WHAT KING BANKRUPTCY PRACTICE IS ALL ABOUT? Find the ABOUT button at the top of this page, and click on it. FIND THE VARIOUS PROGRAMS SPONSORED BY THIS SITE? The colored columns appearing above contain the 4 main programs of King Bankruptcy Practice. Each column contains links to the various features of each program. Another way to get around is to go to the top of this page and find the navigation buttons for "Bookstore" (BankruptcyBooks.com), "Academy" (BankruptcyAcademy.com), "E-LETTERS" (The Bankruptcy Letter), and "LLM PROGRAM" (the academic program leading to a masters degree in bankruptcy law). There is also a drop-down menu at the top, center of this page entitled KING BANKRUPTCY PRACTICE DIRECTORY. This directory includes the main pages, plus a number of additional pages and links that you may find useful. BUY BOOKS IN THE KING BANKRUPTCY PRACTICE SERIES? 1. Go to BankruptcyBooks.com. In the center column find and click on the logo for King Bankruptcy Practice Series. BUY UPDATES TO THE BOOKS? 1. Go to BankruptcyBooks.com 2. In the middle column, click on "King Bankruptcy Practice Series" 3. At King Bankruptcy Practice Series click on the UPDATES button near the top of the page. 4. At the Updates scroll down and find updated books, and also update supplements. 5. Complete your order GET MONTHLY UPDATES? 1. To get more frequent updates, join The Bankruptcy Academy. As a member, you get The Academy Letter which has a New Case Hotsheet and Book Updates several times a month. The "dues" are $10.95/mo. JOIN THE BANKRUPTCY ACADEMY? 1. Go to BankruptcyAcademy.org 2. See the "CLICK HERE" link just under the page title BankruptcyAcademy.org. 3. Fill in the form and submit. You can make a choice of monthly or annually. SIGN UP FOR AN ACADEMY COURSE? 1. Go to BankruptcyAcademy.com. 2. Click on the COURSES button in upper left corner. 3. Select a course and enroll online with a credit card. GET ACADEMY CERTIFICATION? 1. Go to BankruptcyAcademy.com. 2. Click on the CERTIFICATION button in upper right corner. 3. Read about certification. |
SERVICES [PENDING] |
THE KING BANKRUPTCY PRACTICE CLINIC Have a problem with some aspect of consumer bankruptcy law, procedure, or practice? Let our Bankruptcy Academy members have a try at it. Pose your question or issue here (below) and if we can come up with something helpful we'll post it here. |
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