By The Honorable William Houston Brown (Retired) Debtor’s objection to tax claim for being “too low” was rejected. Noting that the debtor could not benefit prior to distribution to creditors, in event trustee found assets for distribution, debtor’s objection to claim filed by tax creditor on basis that claim was “too low” was rejected. “The debtor comes last, not first,...
From the Editor – Property of Estate and Exemptions
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By The Honorable William Houston Brown (Retired)
Spendthrift trust was invalid under state law. Analyzing § 541(c)(2), the Chapter 7 debtor’s interest in a spendthrift trust was property of the estate and could be administered by the trustee. The provisions of the trust were found to be unenforceable as a violation of public policy under Michigan law. Kohut v. Lewiston Living Trust (In re Lewiston), B.R., 2015 WL 3894609 (Bankr. E.D. Mich. June 24, 2015).
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The Honorable William Houston Brown retired in 2006 as a United States Bankruptcy Judge . . .
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