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May 5, 2011


The 46th Annual NACTT Seminar will be held August 3rd-6th, 2011, in Anaheim, California. Join
us to experience “Riding the Incoming Wave of Chapter 13.”

The annual seminar will officially begin on Thursday morning, August 4, 2011.
Judge RogermEfremsky will lead a distinguished panel that will review the Ransom
and Lanning cases and an examination of the subsequent fallout from their holdings.
Dean Erwin Chemerinsky will join with Judge Barry Russell and our own Rick Fink for
a Supreme Court review examining where we have been and where we are going. The
afternoon will feature panels of interest to practitioners,trustees and trustees’
staff. We are especially pleased to feature Michael Roake, who will present
two sessions devoted to trial skills for the novice or the proficient. Current hot
topics related to securitization and assignments will be examined. Modification and
income issues will also be examined. The staff attorneys have devised a track for
Thursday afternoon to examine issues that they confront every day. The day will
conclude with the elegant President’s Reception.

On Friday, August 5, 2011, our panelists will examine ethical issues surfacing from
social networking and its effect on us in the bankruptcy arena. Our second panel of
the morning will examine demographic issues. Friday afternoon will be open for
everyone to enjoy everything that beautiful southern California has to offer.

On Saturday morning, August 6, 2011, we will have the annual Case Law Update
presented by Judge Lundin, Judge Brown and Chapter 13 Trustee Henry Hildebrand.
Be prepared for nonstop discussion from the panel that always has all of the
cases-all of the analysis –and all of the Goo Goo Clusters. Saturday afternoon will
feature a wide range of topics to be discussed by distinguished nationally
recognized panelists. As always, Saturday night will be the final night dinner.

To register, please go to https://www.dmcnetwork.com/event.registry/

May 5, 2011 in Programs | Permalink | Comments (0) | TrackBack

From the Bankruptcy Roundtable Digest

CLLA: update: CRS Report Examines Legislation Exempting Firearms in
Posted by: "David P. Goch" [email protected]

A May 2nd Congressional Research Service report examines HR 1181, the
"Protecting Gun Owners in Bankruptcy Act of 2011," and its goal of
exempting firearms under the Bankruptcy Code. H.R. 1181, has 23
co-sponsors and has been referred to the House Committee on the

According to the report, the Supreme Court's decisions on the Second
Amendment and the right to "keep and bear arms" has raised the question
as to whether firearms are protected from the reach of creditors under
federal or state laws.

While a number of states have provisions shielding firearms from
creditors' claims, there is no such provision in the Bankruptcy Code.
According to the report, there is a great variety in the protection
states provide for firearms with most states providing no explicit
protection. Of the states that provide explicit protection, the
conditions for providing protection vary. Some states limit the
exemption by both the number and value of the firearms; other states
specify the type of firearms that can be exempted. In most states that
allow an exemption for firearms, the exemption is not dependent on the
way in which the firearm is used; however Ohio, Oklahoma, and Wisconsin,
exempt guns for personal use only, and Louisiana requires that the
firearm be used for business purposes. Both Montana and Nevada exempt
"all arms ... required by law to be kept by any person" in addition to
the one gun, selected by the debtor, the report states.

Section 2 of the bill amends Code Section 522(d) adding an exemption for
the debtor's aggregate interest, up to a value of $3,000, "in a single,
shotgun, or pistol or any combination thereof." The exemption would not
reduce the amount allowed for any other type of exemption under Section
522. Further, the bill also amends Code Section 522(f)(4)(A) to include
firearms in the definition of "household goods." This provision would
apply to any number or combination of rifles, shotguns, and pistols as
long as the aggregate value was no more than $3,000.

May 5, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

May 4, 2011

WaMu Inc. bankruptcy costs top $400M

"Washington Mutual Inc., the bankrupt shell of closed thrift Washington Mutual, has spent more than $400 million on expenses relating to its more than 2-year-old bankruptcy case, according to a recent filing with the Securities and Exchange Commission."

Read more here.

May 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

"Ace Ventura" film co. seeks protection in U.S.

"The Bermuda-based company that holds the rights to the films "Ace Ventura: Pet Detective" and "Last of the Mohicans" asked a U.S. bankruptcy judge on Tuesday to recognize it as insolvent, citing $74 million in debt."

Read more here.

May 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack