Entrepreneurs in Bankruptcy Deserve Respectful Treatment, Not Punishment (In re Romero)

By: Donald L Swanson Many people live the American Dream. They’ve started a business and are succeeding. They’re what makes the U.S. economy work. But bad things can—and do—happen to them: things like product obsolescence, economic downturn, health problems, a costly mistake, bad luck. Such things can destroy their Dream and can destroy the entrepreneurs themselves.... Continue Reading →

Fraudulent Transfers: U.S. Supreme Court Lets an Injustice Stand (Henry v. Weiss)

By: Donald L. Swanson The case is Henry & Buresh v. Weiss (Supreme Court Case No. 17-1210). The U.S. Supreme Court denied certiorari on May 29, 2018. This denial allows an injustice to stand, which is a travesty. I’ll try to explain. Facts Michael Bello was sole shareholder, director, and president of Walldesign, Inc. Over a... Continue Reading →

Crime & Punishment & Bankruptcy at U.S. Supreme Court (Lagos v. United States)

By: Donald L. Swanson It’s not every day that the U.S. Supreme Court makes a pronouncement on criminal law in the context of a bankruptcy case. But that’s what happened on Tuesday (May 29, 2018) in the Supreme Court’s Lagos v. United States opinion (Case No. 16-1519). Bankruptcy Facts On February 2, 2010, a trucking enterprise, USA... Continue Reading →

U.S. Supreme Court Upholds Arbitration–Again! What’s the Effect on Bankruptcy? (Epic Systems v. Lewis)

By: Donald L. Swanson Last week, the U.S. Supreme Court made its latest pronouncement upholding arbitration: Epic Systems Corp. v. Lewis, U.S. Supreme Court Case No. 16-285 (issued May 21, 2018). The pronouncement follows a long line of precedents upholding and enforcing arbitration agreements, founded on the Federal Arbitration Act. This article explores the Epic Systems v. Lewis decision... Continue Reading →

Resolving One “Actual Fraud” Nondischargeability Problem But Creating Another: U.S. Supreme Court in Husky International v. Ritz

By Donald L. Swanson Have you ever solved one problem but created another in the process?  That's, of course, not very helpful. But that’s exactly what the U.S. Supreme Court did a couple years ago in Husky International Electronics, Inc. v. Ritz, 136 S.Ct. 1581 (2016).  And ramifications continue, to this day, in a three-way split... Continue Reading →

Sports Gambling and U.S. Constitution: The Ball is Back in Congress’s Court (Murphy v. NCAA)

By: Donald L. Swanson Football fan: “You just cost me $1,000.” Coach Tom Osborne: “I didn’t make the bet.” Steven M. Sipple, Lincoln Journal Star, May 15, 2018. Question: Can Congress command a state’s lawmakers to outlaw sports gambling? Answer: The U.S. Supreme Court says: "No," Congress has no such authority under the U.S. Constitution; but Congress... Continue Reading →

“Undue Hardship” Discharge — The Top Priority for Student Loan Solutions

By:  Donald L. Swanson The student loan crisis and potential legislation to solve it are in the news these days.  Lots of ideas are bandied about on what legislation might look like. Top Priority There is a top priority for such legislation that dwarfs all others.  The number one priority, bar none (and it’s not... Continue Reading →

Oral Arguments in Appling Case: Writing Requirement for Nondischargeability

By: Donald L. Swanson In our uncommonly vicious and partisan political culture, it’s refreshing to hear oral arguments at the U.S. Supreme Court on a non-partisan and apolitical issue.  Here’s one: --Oral arguments held on April 17, 2018, in the bankruptcy case of Lamar, Archer & Cofrin, LLP v. Appling, Case No. 16-1215 [here’s the transcript] .... Continue Reading →

No Quorum on U.S. Supreme Court?! And § 546(e) Issues Heading Back to Courts Below? (Deutsche Bank v. McCormick)

By: Donald L. Swanson On April 3, 2018, Justices Kennedy and Thomas issue this Statement for the U.S. Supreme Court in Deutsche Bank v. McCormick, Case No. 16-317 [photo of entire Statement is above]: “consideration of the petition for certiorari will be deferred . . . given the possibility that there might not be a quorum... Continue Reading →

Prosecution of Presidents for Political Revenge: A Bankrupt System

By: Donald L. Swanson “Any judicial process brought about as the direct consequence of . . . a political struggle is political.” “Score-settling, blood-letting, revenge and political calculation played a crucial role in these and many other post-war trials and purges.” Tony Judt, Postwar: A History of Europe Since 1945, at 49 (Penguin Press 2005). One... Continue Reading →

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