Page 2 - Chapter 13 News Today

Despite widespread trends in state-level legalization and decriminalization of high-THC cannabis and growing acceptance of cannabis among Americans, cannabis and cannabis products remain illegal under federal law.

The Chapter 7 bankruptcy filing follows numerous lawsuits that accuse Chimene Van Gundy...

Overall filings across all chapters up 3.2% over January...

First-ever bankruptcy market analytics platform with daily updates and insights from the industry’s most comprehensive filing data...

Total number of open bankruptcy cases down 16.5% year-over-year...

However, sharp uptick in commercial Chapter 11 new filings...

Federal Rule of Bankruptcy Rule 3002 went into effect December 1, 2011. Implemented to address a perceived problem in cure and maintain Chapter 13 cases cases in which the debtor cures any pre-petition arrearage.

The Second Circuit’s August 2021 decision in In re Gravel, 6 F. 4th 503, has already received considerable attention and generated much debate over the last few months. Gravel involved the Vermont bankruptcy court’s initial entry of $375,000 in sanctions.

New filings continue overall downward trend...

Individual Chapter 7’s Down 9%, Individual Chapter 13’s Up 6%...