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If any class of creditors under a chapter 11 plan is "impaired," the Bankruptcy Code provides that the plan can be confirmed by the bankruptcy court only if at least one impaired class...
If any class of creditors under a chapter 11 plan is "impaired," the Bankruptcy Code provides that the plan can be confirmed by the bankruptcy court only if at least one impaired class...
‘Very difficult’ to prevail under statute A federal Bankruptcy Court judge has ruled that a Chapter 7 debtor with $200,000 in student debt — and no realistic ability to repay any significant portion under her present circumstances — was not entitled to an undue hardship discharge under §523(a)(8) of the U.S. Bankruptcy Code. The debtor,
A U.S. Bankruptcy Court judge in Massachusetts has found that a judgment debt owed by a contractor to two workers in their state Wage Act case can be discharged. Plaintiffs Julio Simoes and Eduardo Pereira, who performed construction work for debtor Nicholas A. Sivieri III, brought successful misclassification and overtime claims against the debtor in ...
On February 25, 2022, Judge Christopher J. Panos of the U.S. Bankruptcy Court for the District of Massachusetts granted in part and denied in part an assignee lender’s motion to dismiss...