Bankruptcy Deskbook provides lawyers with practical assistance on how to achieve fair remedies while avoiding legal problems for clients in bankruptcy proceedings. This treatise covers the demands on Chapter 7 debtors, rules for Chapter 11 small business debtor, requirements for Chapter 13 individual debtors, compliance burdens placed on attorneys, while also keeping readers up-to-date on legal developments through the analysis of recent Supreme Court, court of appeals, and bankruptcy court decisions. It also provides step-by-step guidance through the bankruptcy laws, clarifying the purpose, features, mechanics, advantages, and drawbacks of Chapters 7, 11, 12, and 13 in the era of BAPCPA.

The new release includes updates to the following chapters:

• Chapter 6 discusses how the Eighth Circuit has followed the Second Circuit’s Post-Merit holding that an entity may immunize a transaction from attack by a trustee by employing a financial institution as its agent in connection with a leveraged buyout, an approach which has been criticized.
• Chapter 7 mentions the split of authority over whether Social Security benefits withheld by the IRS and credited against the debtor’s tax liability retain their exempt status when refunded.
• Chapter 9 breaks down the Supreme Court’s recent interpretation of section 523(a)(2)(A) to mean that nondischargeability “turns on how the money was obtained, not who committed fraud to obtain it.” As a result, where a debtor is held liable for a fraud committed by another— such as a partner or agent—the debt will be nondischargeable despite the debtor’s lack of deceit.

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PLI PLUS subscribers can access this title through their subscription.