Affirmed. The Eighth Circuit held that denial of the purchaser’s motion to reopen the bankruptcy case for the purpose of declaring a state court order void was not an abuse of discretion. ...
(1) A creditor may be justified in relying on a debtor’s representations even though “[the creditor] made an investigation” but may “not turn a blind eye where a ‘patent’ falsity could...
The BAP deferred to the bankruptcy court's fact-finding and affirmed the decision denying the 727 and 523 claims. In applying the standard of clear error, the BAP proceeded to review the elements...
Summarized by Adam Ballinger , Faegre Drinker Biddle & Reath LLP
15 years 1 month ago
Citation:
Case No. 10-6058 (B.A.P. 8th Cir. January 28, 2011)
Ruling:
The Bankruptcy Appellate Panel reversed and remanded the bankruptcy court's order which held that 11 U.S.C. § 502(h) alone prevented Standard from asserting an equitable recoupment defense. The...
Affirmed. Each point of error alleged by the debtor-appellant was rejected by the B.A.P. with a minimum of analysis or discussion—in each case, the appellant’s arguments were rejected as being...
The BAP affirmed the bankruptcy court's holding that the debt was not dischargeable under 523(a)(2)(A) and (B). After reiterating that clear error was the standard of review, the BAP first...
8th Circuit BAP, Case No. 10-6063, January 25, 2011
Ruling:
The 8th Circuit BAP rules that a Debtor's obligations for monthly maintenance payments and attorney's fees pursuant to a Missouri marriage dissolution proceeding are excepted from discharge...
Summarized by Scott Gautier , Faegre Drinker Biddle & Reath LLP
15 years 2 months ago
Citation:
No. 10-6021 (8th Cir. BAP Jan. 14, 2011)
Ruling:
Affirm decision of Bankruptcy Court avoiding security interest as a preferential transfer. BAP ruled that where a contract for the "purchase" of receivables provides for full recourse to the...