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District of minnesota

In re Next Generation Media Inc.

Ruling
Law firm not required to turn over retainer received for filing chapter 11 case once that case was converted to chapter 7.
Issue(s)
Was law firm required to turn over chapter 11 retainer after the case was converted to chapter 7?

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Commercial opinion summary, case decided on January 29, 2015 , LexisNexis #0215-131

In re Hennessy

Ruling
Debtor's 529 plans in favor of children were excluded from the estate.
Issue(s)
Were 529 plans in favor of debtor's children, inherited by debtor from debtor's mother, property of the estate?

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Consumer opinion summary, case decided on January 16, 2015 , LexisNexis #0215-050

In re Sky Ventures LLC

Ruling
Residential lease rejection retroactive to petition date remained effective absent timely opposition by creditor.
Issue(s)
Should the lessor of nonresidential real property formerly used by debtor pursuant to a now- rejected lease be allowed an administrative claim for post-petition rent and other lease obligations?

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Commercial opinion summary, case decided on December 23, 2014 , LexisNexis #0115-077

In re Jordahl

Ruling
Confirmation denied due to discrimination against unsecured creditors.
Issue(s)
Did debtors' chapter 13 plan unfairly discriminate against unsecured creditors?

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Consumer opinion summary, case decided on August 27, 2014 , LexisNexis #0914-130

In re American Res. & Energy LLC

Ruling
Involuntary case dismissed due to existence of bona fide disputes with three petitioning creditors.
Issue(s)
Whether the petitioning creditors' claims were "not contingent as to liability or the subject of a bona fide dispute as to liability or amount," as required of petitioning creditors in an involuntary case and whether the petition was even properly brought by the petitioning creditors?

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Commercial opinion summary, case decided on July 15, 2014 , LexisNexis #0814-107

Ritchie Capital Mgmt. L.L.C. v. Opportunity Fin. L.L.C.

Ruling
Court abstained from hearing investors' non-core action against lenders regarding debtor's Ponzi schemes that was related to debtor's bankruptcy.
Issue(s)
Should court abstain from hearing investors' action against lenders regarding debtor's Ponzi schemes?

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Commercial opinion summary, case decided on June 05, 2014 , LexisNexis #0714-105

Jonak v. McDermott

Ruling
Individual who did more than type filings for debtors was a bankruptcy petition preparer and was properly held to have acted in violation of §110.
Issue(s)
Was debtor who was not an attorney, is the sole shareholder, president and operating principal of a company that provided customers with legal services plans for various subject matters, including bankruptcy, a bankruptcy petition preparer engaging in the unauthorized practice of law?

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Consumer opinion summary, case decided on May 28, 2014 , LexisNexis #0614-074

In re Hoffman

Ruling
Confirmation of plan with three-year commitment period denied due to deduction of ordinary and necessary business expenses.
Issue(s)
Whether a self-employed chapter 13 debtor may deduct ordinary and necessary business expenses when calculating current monthly income to determine the applicable commitment period?

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Consumer opinion summary, case decided on May 19, 2014 , LexisNexis #0614-065

Ahlgren v. Dailey (In re Schnoor)

Ruling
Transfer of farm equipment within two years of petition date was avoidable as fraudulent.
Issue(s)
Should debtor's transfer of farm equipment within two years of the petition date be avoided as fraudulent?

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Consumer opinion summary, case decided on May 16, 2014 , LexisNexis #0614-095

Manty v. Bougie (In re Bougie)

Ruling
Trustee could avoid unauthorized postpetition mortgage.
Issue(s)
Could trustee avoid prepetition mortgage that debtor failed to disclose in schedules?

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Consumer opinion summary, case decided on May 16, 2014 , LexisNexis #0614-096