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New Ruling Lowers Standard for Discharging Student Loans in Bankruptcy

Authors: Stephen Selbst and Gabrielle Fromer In In re Rosenberg, Judge Cecelia Morris of the United States Bankruptcy Court for the Southern District of New York permitted the debtor to discharge his student loan debt i ...

Protection for Lenders: Bankruptcy Stays Stop the Clock Under CPLR § 204(a)

Authors: Stephen Selbst and Daniel A. Field In Lubonty v. U.S. Bank Nat’l Ass’n, the New York Court of Appeals ruled on whether a lender’s foreclosure action became untimely when the borrower filed for bankru ...

HMRC to be preferential creditor in corporate insolvency

Author: Katie James The 2018 Autumn Budget introduced a multitude of changes in respect of HMRC, from amendments to the "personal company" tests for Entrepreneurs' Relief to the extension of Stamp Duty Land Tax fir ...

Passive Investor, Beware!

Author: Stephen B. Selbst Passive investors in small businesses often take a seat on the board of directors as a way to keep an eye on their investments. But the recent decision in In re Mundo Latino Market, Inc., shows ...

Are You Caught in the Storm?: What Bankruptcy Trustees Need to Know About Hurricane Claims

On the heels of last year’s Hurricane Irma, everyone is mindful about the upcoming 2018 hurricane season. Last year, Hurricane Irma hit Florida and left about 65% of the state without power. In the months following the ...

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