Here, the Chapter 13 debtors moved to hold Idaho Central Credit Union in contempt for allegedly violating the Bankruptcy Court’s automatic stay after the credit union froze members’ funds on deposit. Debtors also sought sanctions against the credit union for the alleged violation. The credit union responded by contending it did not violate the automatic […]
Archive for October, 2009
We Celebrate International Credit Union Day with New Search Features
Introducing our New Features and Search Options for the Credit Union Legal Newsletter • Search features are all FREE! • Search our legal articles by Topic • Search our legal articles by Key Words • Read our legal articles all for FREE! Use the Search Box on the top right-hand corner of any page on […]
Bankruptcy Discharge Denied – Transfer of Assets
In this case, the debtor transferred his interest in his real estate to another individual within one year prior to filing for bankruptcy. Here, the debtor owned real estate that was listed for sale at the price of $389,000. The Bankruptcy Code requires a debtor to file with the Court any transfers of property made […]
Chapter 13 Confirmation Denied – Zero Percent to Unsecured Creditors
In this case, the debtor filed a Chapter 13 Bankruptcy proposing to repay his student loans in full, but also proposing to repay zero percent to other unsecured creditors. The debtor owed about $5,250.00 on unsecured student loans. He also had $19,415.00 in other unsecured loans. In this case, debtor’s student loans would not have […]