The Case of the Naked Client

Arielle B. Adler Selected as Clerk of the Bankruptcy Appellate Panel

This is a GREAT resource everyone should read! “Sometimes the trustee’s office must deal with a difficult debtor. . . . All trustees know — or should know — that skilled debtors’ lawyers are our best allies.”

Bankruptcy terminology, so familiar to lawyers, stymies clients. Even common English words seem to flummox our clients. We are a pair, divided by our common language. Check out Attorney Moran’s Words at War and then add your own to be shared next week.

This series focuses on four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019.1 One bill, the Small Business Reorganization Act of 2019 (SBRA),2 appears in its entirety in Appendix B to this series and was summarized in Part I,3 along with the other bills signed on the same day. SBRA deals on its face with a non-consumer topic, but as we have seen, it will be of interest to Chapter 12 and 13 trustees, who may be asked to serve as small business Chapter 11 trustees.

MFA isn’t just an inconvenience - it’s your digital seatbelt, and in a world of escalating cyber threats, failing to use it is like refusing to buckle up on the freeway.

“Several recent bankruptcy cases have considered the circumstances under which funds held in, derived from, or contributed to a retirement account may be exempt from the bankruptcy estate.”