Bitcoins and Bankruptcy

By Phil Lamos, Chief Legal Counsel, Office of the Chapter 13 Trustee Craig Shopneck (Cleveland, OH)

In my almost 20 years at the Trustee’s office I’ve had to put a value on everything from a 1962 Ford Falcon to a song copyright to a collection of hermit crabs, and now there is something new to value: Bitcoin.

What is Bitcoin? Bitcoin is “virtual” currency, sometimes referred to as cryptocurrency. Bitcoin was founded in 2009 to provide a decentralized and anonymous method of making financial transactions. Bitcoin (and other less prevalent cryptocurrencies) are unique in . . .

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By Angela M. Scolforo, Staff Attorney to Herbert L. Beskin, Chapter 13 Trustee for the Western District of Virginia Since January 2019 alone there have been about 250 student loan discharge cases decided in the federal courts.1 One site reports that student loan debt in the United States totals $1.73 trillion, across 43.2 million borrowers, and the debt is growing6...

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Bitcoins and Bankruptcy

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Related Articles

Under the Radar: Evidence of Prohibited Vehicle-Title Loans Made in 23 States – A Study

Passing of Memphis’ Beloved Judge Kennedy

Today’s AI Stands to Create Work for Lawyers

Undersecured Short-Term Mortgages May be Crammed Down

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For Whom Does the Bell Toll?

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