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American Express Bank v. Ashkenaizer (In re Plourde)

American Express Bank v. Ashkenaizer (In re Plourde)

Ruling
Credit card creditors' claims allowed subject to subordination to extent not compensation for actual pecuniary loss.
Procedural posture

Appellant creditor sought review of an order from the United States Bankruptcy Court for the District of New Hampshire, which disallowed its general unsecured claim for $ 42,452 in credit card debt. The chapter 7 trustee appealed the bankruptcy court's order allowing another credit card creditor's general unsecured claim in the amount of $ 6,309. The trustee also appealed the court's denial of his request for an award of attorney's fees.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on October 19, 2009 , LexisNexis #1109-070