Showing posts with label bankruptcy court. Show all posts
Barry Mukamal Update!

Face it, you guys can't go more than a few hours without thinking about Barry Mukamal.
I know I can't.
Sometimes it's almost like a weird kismet, I can be walking down the street or having lunch at the Bankers Club, not planning at all to think about Barry, when suddenly -- BOOM -- there he is!
True story -- one time I even thought of Barry while I was windsurfing.
What the hail is it about this guy?
Well, even the 11th Circuit has Barry on its mind, as it entered a pretty interesting order affirming The Power of Barry.
The question before the Court was whether a debtor's efforts to consolidate debt among credit cards constituted a "preferential transfer" or merely bank-to-bank transfers among creditors.
Even though there was not much at stake, Barry as trustee was not about to let that money escape:
The decisions of the Bankruptcy Court and District Court are affirmed. TheAllow me to translate all that bankruptcy gobblygook: You Don't Mess With The Mukamal.
transfer of credit card funds to pay Egidi’s debt owed to MBNA now BOA, which
occurred within 90 days of the bankruptcy petition, was a preference subject to
avoidance by the trustee under 11 U.S.C. § 547(b) and were not subject to
earmarking. The trustee was entitled to judgment in his favor in the amount of the
transfer, $16,065.00.
VIP Followers
Info recommended by:
Webpages of law
Popular entries
-
500 Coke employees lost their health insurance the day after they went on strike. The union has sued under ERISA , claiming the action wa...
-
The average cost of family health insurance coverage rose 3% to $13,770 in 2010, while at the same time the employee's share of the c...
-
Two weeks ago, a Florida man was arrested for logging on to his Facebook account and requesting that his estranged wife list him as a "...
-
Well kids I plan to scoot out of here shortly, to begin my long solemn weekend regimen of prayer , reflection , and expanding my abdomen , s...
-
(BY HUGO) Linda Gyulai reports in the Montreal Gazette here that the City of Montreal and Génieau have begun arbitration to settle the com...
-
There are four house bills that propose changes to the current custody statute. However, H.1306 and H.2684 are practically the same, though...
-
According to a New York Times article , the New York State legislature recently approved legislation that would allow No-Fault divorces in N...
-
(BY HUGO) A report from MARSH Canada, A Review of Water-Related Opportunities and Threats , outlines insurance issues in the sector to ensur...
-
There are two ways to ask this question: Can I start dating while my divorce case is pending? and Should I start dating while my divorce cas...
-
UPDATE: There is pending legislation for major changes to the alimony statute in Massachusetts. The Alimony Reform Act of 2011 was filed on...