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District of minnesota

Berman v. Smith (In re Goldschmidt)

Ruling
Trustee could settle fraudulent transfer claim regarding avoidable transfer from debtors to debtors' business.
Issue(s)
Did trustee have standing to settle fraudulent transfer claim against debtor's non-debtor business?

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Commercial opinion summary, case decided on April 30, 2014 , LexisNexis #0914-123

In re Sagamore Partners Ltd.

Ruling
Creditor that failed to provide sufficient notice of default was not entitled to default rate of interest in debtor's chapter 11 plan.
Issue(s)
Was plan that did not provide mortgage creditor with default rate of interest properly confirmed?

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Commercial opinion summary, case decided on February 26, 2014 , LexisNexis #0714-023

Larson v. Doody (In re Doody)

Ruling
Denial of discharge properly denied absent intent to deceive.
Issue(s)
Did bankruptcy court properly deny creditors' motion for denial of discharge given debtor's lack of intent to deceive?

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Consumer opinion summary, case decided on January 22, 2014 , LexisNexis #0714-019

In re Strickland

Ruling
Chapter 7 case ordered converted or dismissed given that debtor had sufficient disposable income to fund a chapter 13 plan.
Issue(s)
Should chapter 7 case be dismissed due to allegedly improper calculation of income and expenses, resulting in presumption of abuse?

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Consumer opinion summary, case decided on January 13, 2014 , LexisNexis #0314-060

In re Petters Co.

Ruling
Trustee could seek to recover alleged fraudulent transfer to lenders for amounts in excess of principal for which debtor Ponzi scheme operator had never received reasonably equivalent value.
Issue(s)
Could trustee avoid prepetition payments to lenders made in furtherance of debtor's Ponzi scheme as fraudulent.

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Commercial opinion summary, case decided on September 30, 2013 , LexisNexis #0214-099

In re Vu

Ruling
Trustee's objection to state homestead exemption sustained.
Issue(s)
Whether the court should sustain the trustee's objection to the debtor's homestead exemption under Minn. Stat. §§ 510.01 and 510.02, where she transferred almost all of her non-exempt property into exempt property.

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Consumer opinion summary, case decided on September 30, 2013 , LexisNexis #1013-082

In re Hovdebray Enters.

Ruling
Creditor's attorney allowed administrative expense claim for fees incurred only through date of order for relief.
Issue(s)
Whether petitioning creditor was entitled to attorney's fees and expenses, which, if allowed, would have administrative priority over the claims of other creditors pursuant to 11 U.S.C.S. § 503(b)(3)(A).

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Commercial opinion summary, case decided on September 17, 2013 , LexisNexis #1013-042

In re Johnson

Ruling
Debtor could claim state exemption in property tax refund.
Issue(s)
Whether property tax refunds fit within the scope of Minn. Stat. § 550.37, subd. 14 (2012).

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Consumer opinion summary, case decided on September 11, 2013 , LexisNexis #1013-009

Atkins v. Bank of Am. (In re Atkins)

Ruling
Mortgage could be released where confirmed plan to which there were no objections provided for avoidance.
Issue(s)
Could debtors obtain the release of a mortgage where the confirmed plan called for avoidance and there were no objections to confirmation.

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Consumer opinion summary, case decided on September 04, 2013 , LexisNexis #0913-113

In re Rojo

Ruling
Debtor's amended exemption claim for previously undisclosed tax refund disallowed as filed in bad faith.
Procedural posture

The trustee objected to debtor's amended exemptions under 11 U.S.C.S. § 522. An evidentiary hearing was held.

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Consumer opinion summary, case decided on July 18, 2013 , LexisNexis #0813-051