It is with sadness that we announce the death of retired U.S. Bankruptcy Judge, James J. Barta, Sr. on Tuesday, November 7, 2023. Judge Barta served as a Bankruptcy Referee in the Eastern District of Missouri beginning in 1978, then a Bankruptcy Judge from 1986 through 2006, including three stints as Chief Judge. Before serving with the Court, Judge Barta...
Another Arrow in the Quiver of the “Less Than Honest Debtor”?
Print This Article
Link to Post:
By Thomas D. DeCarlo, Staff Attorney, Office of David Wm. Ruskin, Chapter 13 Standing Trustee, Eastern District of Michigan (Detroit)
Any attorney who has practiced in the bankruptcy arena for any length of time has encountered the concept of “converting” non-exempt assets into exempt assets. The concept is fairly clear – a person owns an asset for which there is no allowable exemption. The person, usually after meeting with bankruptcy counsel, sells or liquidates the asset, and uses the proceeds to purchase a different, fully exemptible asset. The person then files bankruptcy, claims the asset as exempt, and . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
Representing Elderly Clients in Bankruptcy – Part 3 of 3
Critical Case Comment – Pre-Confirmation Payments
From the Editor – Avoidance
Creditors’ Rights and Debtors’ Protections at the Intersection of Consumer Bankruptcy and UCC Article 9 – Part 3
Form 1099G – How to Fight Back Against Scams
Notice of Error Regarding Misinformation Given During Phone Call to Mortgage Servicer
The PUMP Act
Critical Case Comment – Time is of the Essence
The Hanging Paragraph – Hanging on Every Word Part 2 of 4
Passing of James J. Barta, Sr.