ABI-Live: Filing Your First Individual Chapter 11? Understand the Issues and Confirm Creative Plans
When is an individual Chapter 11 a better fit for your client? Think through an individual Chapter 11 plan and spot critical issues that can lead to success. A panel of experienced individual Chapter 11 practitioners will guide you, step by step, through a successful individual Chapter 11 case, and discuss problematic issues and solutions you can implement in your individual Chapter 11. Topics include: · Creating a budget on your schedules · Calculating your plan · Working with the US Trustee’s office · Tax issues · Application of the absolute priority rule · “Deemed” voting · “Reasonable and necessary” expenses · Addressing secured mortgage debts in the plan
Is it in or Out? Exemption Issues Revisited
11 U.S.C. § 522(d)(12) exemptions IRAs, retirement accounts opened prior to filing; undisclosed assets: circumstances can debtors amend schedules to exempt undisclosed assets?