Debtor's attorney as gatekeeper? (Photo by Marilyn Swanson) By: Donald L Swanson Over the years, I’ve heard lots of people say, “Bankruptcy abuse is a huge problem,” as a self-evident and undeniable proposition. But here’s the thing. Debtors who try to abuse the bankruptcy system rarely get away with it. That’s because there are too many... Continue Reading →
Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—INTRODUCTION
Abuse? (Photo by Marilyn Swanson) By: Donald L Swanson I recently heard politicians on all sides of the political divide agree on one thing as self-evident: that bankruptcy abuse by “fabulously wealthy corporations” is rampant; and Johnson & Johnson is a prime example of that abuse. Those partisans also agree on this point (again, as self-evident):... Continue Reading →
ABI’s Subchapter V Task Force Recommends Making The $7,500,000 Debt Cap Permanent
By: Donald L Swanson The American Bankruptcy Institute’s Subchapter V Task Force has issued its “Preliminary Report” on “Maintaining the $7,500,000 Debt Cap for Subchapter V Eligibility.” This article quotes from and summarizes the Report. Recommendation The Task Force recommends making permanent the $7,500,000 debt cap for Subchapter V eligibility, which is set to expire and... Continue Reading →
Supremes First Side With 144 Claimants Against >82,000 Other Claimants, But Then Vacate: A Good Sign? (Lujan Claimants v. Boy Scouts)
Scouting? (Photo by Marilyn Swanson) By: Donald L Swanson Congress, the federal appellate courts and the U.S. Supreme Court all need to recognize this historical reality: bankruptcy is an efficient and effective tool for resolving mass tort cases, as demonstrated by cases with huge-majority approval votes from tort victims. And all those institutions need to prevent... Continue Reading →
Special Masters Are Needed In Bankruptcy, Part 4: Inherent Authority Should Not Be Denied
Antonio Stradivari -- A Special Master (Photo by Marilyn Swanson) By: Donald L Swanson This is the fourth in a series of four articles on why Fed.R.Bankr.P. 9031, titled “Masters Not Authorized,” needs to be amended to authorize the utilization of special masters in complex bankruptcy cases. The focus of this fourth article is on how... Continue Reading →
Special Masters Are Needed In Bankruptcy, Part 3: Evolution Of Bankruptcy Referees And Courts Show Why Needed
Antonio Stradivari -- A Special Master (Photo by Marilyn Swanson) By: Donald L Swanson This is the third in a series of four articles on why Fed.R.Bankr.P. 9031, titled “Masters Not Authorized,” needs to be amended to authorize the utilization of special masters in complex bankruptcy cases. The focus of this third article is on how... Continue Reading →
Special Masters Are Needed In Bankruptcy, Part 2: But Are Prohibited By Bankruptcy Rule 9031—Without A Sound Reason & Some History
Antonio Stradivari -- A Special Master (Photo by Marilyn Swanson) By: Donald L Swanson This is the second in a series of four articles on why Fed.R.Bankr.P. 9031, titled “Masters Not Authorized,” needs to be amended to authorize the utilization of special masters in complex bankruptcy cases. The focus of this second article is on how... Continue Reading →
Special Masters Are Needed In Bankruptcy, Part 1: Use Of Special Masters In Federal District Courts Under Rule 53
Antonio Stradivari -- A Special Master (Photo by Marilyn Swanson) By: Donald L Swanson This is the first in a series of four articles on why Fed.R.Bankr.P. 9031, titled “Masters Not Authorized,” needs to be amended to authorize the utilization of special masters in complex bankruptcy cases. The focus of this first article is on how... Continue Reading →
“Special Masters” Are Needed In Bankruptcy: An Interview With Judge Kaplan
https://youtu.be/LeDRrRnSxP8?si=2WjQ-6DxDGj5y3Hy By Donald L. Swanson Hon. Michael B. Kaplan is Chief Bankruptcy Judge for the U.S. Bankruptcy Court in New Jersey. Beginning with his appointment as Bankruptcy Judge in 2006, and throughout his judicial career, Judge Kaplan has presided over many complex bankruptcy cases—both large and small. Because of that experience, Judge Kaplan sees a need... Continue Reading →
Can Contempt For Violating Discharge Injunctions Be Pursed In A Class Action? (Bruce v. Citigroup)
Showing contempt? (Photo by Marilyn Swanson) By: Donald L Swanson Can the contempt remedy for a creditor’s violations of the discharge injunction in multiple bankruptcy cases throughout the land be imposed in a class action lawsuit? The answer from the First Circuit Court of Appeals is, “No” (see this linked opinion); and On January 8, 2023,... Continue Reading →