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Articles 1 - 11 of 11
Full-Text Articles in Law
Bankruptcy & The Underwater Home: A Case For Real Property Redemption, David Sheinfeld
Bankruptcy & The Underwater Home: A Case For Real Property Redemption, David Sheinfeld
Michigan Business & Entrepreneurial Law Review
Chapter 7 of the U.S. Bankruptcy Code exists to satisfy the claims of creditors and preserve an economic “fresh start” for the debtor after bankruptcy. In exchange for surrendering her property to the trustee to have it monetized (i.e., sold), the debtor receives a discharge of her debts and an injunction against future creditor in personam actions to recover them. However, the in personam injunction is insufficient to protect consumer debtors who are in default on mortgages encumbering underwater homes because the creditor’s in rem rights remain; after the conclusion of the case, the creditor can continue foreclosure proceedings, which …
Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson
Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson
Loyola of Los Angeles International and Comparative Law Review
No abstract provided.
The Limited Duties Of Lawyers To Protect The Funds And Property Of Nonclients, Vincent R. Johnson
The Limited Duties Of Lawyers To Protect The Funds And Property Of Nonclients, Vincent R. Johnson
St. Mary's Journal on Legal Malpractice & Ethics
Issues arise daily in law practice about the duties owed by lawyers to nonclients with respect to funds or property entrusted to them. In resolving those issues, care must be exercised when interpreting state versions of Model Rule 1.15, the American Bar Association’s pattern ethics rule on safekeeping of funds and property. Otherwise, a lawyer’s duties to third persons may too readily encroach on the performance of obligations owed to clients, as well as on the legitimate interests of lawyers themselves.
As numerous authorities have recognized, lawyers are obliged to protect the property interests of third persons only if they …
Does Anyone Have “Actual Knowledge” Of What Effects The Cape Town Treaty Has Had On The Application Of Philko Aviation, Inc. V. Shacket?, Kaitlyn E. Schrick
Does Anyone Have “Actual Knowledge” Of What Effects The Cape Town Treaty Has Had On The Application Of Philko Aviation, Inc. V. Shacket?, Kaitlyn E. Schrick
Oklahoma Law Review
No abstract provided.
Bankruptcy--Stay Of Bankruptcy Proceedings Denied To Creditor Seeking Lien On Exempt Property--Harris V. Hoffman, Michigan Law Review
Bankruptcy--Stay Of Bankruptcy Proceedings Denied To Creditor Seeking Lien On Exempt Property--Harris V. Hoffman, Michigan Law Review
Michigan Law Review
The appellants, husband and wife, executed a promissory note to the appellee-bank. Thereafter, they purchased real property which they occupied as a homestead. Acting pursuant to an Iowa statute which subjects a homestead to debts contracted before the homestead was acquired, the bank commenced a suit on the note in state court, but this proceeding was stayed when appellants filed a voluntary petition in bankruptcy. After the trustee in bankruptcy set the homestead apart as property exempt under Iowa law, the bank sought a stay of discharge in bankruptcy for a reasonable period of time so that it could obtain …
Sales--Bulk Sales Act--Lessor Not Creditor As To Future Rent, W. W. A.
Sales--Bulk Sales Act--Lessor Not Creditor As To Future Rent, W. W. A.
West Virginia Law Review
No abstract provided.
Tenancy By The Entireties And Creditors Rights In Maryland, Bridgewater M. Arnold
Tenancy By The Entireties And Creditors Rights In Maryland, Bridgewater M. Arnold
Maryland Law Review
No abstract provided.
Executors And Administrators-Priority Of Payment Of United States Claims, E. M. Deal S.Ed.
Executors And Administrators-Priority Of Payment Of United States Claims, E. M. Deal S.Ed.
Michigan Law Review
When decedent died in 1940, his personal estate was consumed by the widow's exemption and expenses of administration, leaving only a one-sixth interest in certain real estate formerly owned by his deceased father. Proceedings to partition this property resulted in a sum of $2,306.17 payable to decedent's widow, subject to the payment of his debts. The executors of one Davidson who had obtained a $24,588.00 judgment against decedent in 1933 claimed the entire fund as did the United States under tax liens entered in 1940 and 1941 of $2,202.89 and $8,904.67. The government based its claim on section 3466 of …
Effect Of Performance Of Parol Trust Of Land Upon Creditors Of Trustee - Jacobs V. Schwartz, Et.Al.
Effect Of Performance Of Parol Trust Of Land Upon Creditors Of Trustee - Jacobs V. Schwartz, Et.Al.
Maryland Law Review
No abstract provided.
The Right Of Subsequent Creditors To Set Aside A Fraudulent Conveyance, M. E. L., E. W. E.
The Right Of Subsequent Creditors To Set Aside A Fraudulent Conveyance, M. E. L., E. W. E.
West Virginia Law Review
No abstract provided.
Reformation Of Instruments-Mistake Of Facts Underlying Intention
Reformation Of Instruments-Mistake Of Facts Underlying Intention
Michigan Law Review
A debtor determined to mortgage all his property for the benefit of several creditors. His son, commissioned to draw the instrument, was informed that a note to the plaintiff, indorsed by the debtor, would be taken care of by the party primarily liable. So he intentionally omitted the plaintiff's note from the mortgage executed to the other creditors. The note was never paid. After foreclosure of the mortgage, leaving no surplus, the plaintiff sought reformation of the mortgage so as to be included as mortgagee, claiming that the debtor's intention to secure all bank creditors was not executed through mistake …