BankruptcyProf Blog

Supreme Court Rules on Enforceability of Third Party Injunctions in Chapter 11 Plans

You can access yesterday's opinion in Traveler's Indemnity Co v. Bailey here.   

US Trustee Brown Bag Series July 15, 2009

CONSUMER BANKRUPTCY: SELECTED ISSUES INVOLVING CREDITOR CONDUCT  
 
Presented by  Jill M. Sturtevant, Assistant United States Trustee
 
Date:            Wednesday, July 15, 2009
 
Time:           Noon to 1:00pm (you are welcome to bring your lunch)
 
Where:       Office of the United States Trustee
                   Ernst & Young Plaza, Lobby Level, Room 101
                   725 South Figueroa Street, Los Angeles, CA 90017
 
This program has been approved for 1 hour of MCLE credit.
 
This program is designed for attorneys with a valid State Bar number.  To ensure adequate accommodations, be aware that seating is limited to 91 persons. 

This U.S. Trustee program is co-sponsored by the Los Angeles Bankruptcy Forum. 
 

California Residential Mortgage Foreclosure Moratoriums Went Into Effect on June 15, 2009

The bill can be found here.  The regs can be found here.  Borrowers get an additional 90 days if the lender has not implemented a sufficent loan modification program.     

The California Dept of Corporations information including FAQs and the Application for an exemption can be found here. 

GM's Attorneys File Employment Application

You can access the Weil Employment Application here.   

Supreme Court Grants Cert on Student Loan - Chapter 13 Case

Tom Goldstein at scotusblog.com got it right - the Supreme Court has accepted cert in United Student Aid Fund v. Espinosa.  In Espinosa, the debtor provided in the chapter 13 plan that the unpaid portion of the student loan is discharged at the end of the plan period.  Of course, student loans are not discharged unless there is an "undue hardship" but the lender did not object to the plan and accepted the payments thereafter.  This case is really about notice.  The Court invited the Solicitor General to file a brief.