Bankruptcy trustee objects to Kodak bonus plan
By Daily Record Staff
POSTED: April 24, 2012
Tags: bankruptcy trustee, bonus plan, Kodak
The U.S. trustee has objected to Kodak’s plan to pay $13.5 million in bonuses to persuade certain employees to stay with the company as it reorganizes under bankruptcy protection. The trustee is an arm of the Justice Department charged with monitoring corporate bankruptcy cases. In a U.S. Bankruptcy Court filing Monday, the trustee says Kodak [...]
Bankruptcy Trustee: Smith v. Silverman 
By Daily Record Staff
POSTED: May 23, 2011
Tags: bankruptcy trustee, Fiduciary Obligation, u.s. court of appeals for the second circuit
U.S. Court of Appeals for the Second Circuit Bankruptcy Trustee Fiduciary Obligation Smith v. Silverman 10-1565-bk(L) Judges Winter, Walker and Cabranes Background: The appellant debtor sought to reopen his Chapter 7 bankruptcy case for the purpose of pursuing an adversary proceeding against Kenneth P. Silverman who was the trustee for the debtor’s estate, and Liberty [...]
Debtors may gain from ‘Schwab’ ruling
By Correy E. Stephenson
POSTED: June 25, 2010
Tags: bankruptcy trustee, Chapter 7, debtors, SCOTUS
A U.S. Supreme Court decision that went against a debtor earlier this month actually may prove to be a boon for future consumer debtors.
SCOTUS: Trustee can seek undervalued assets
By Dolan Media Newswires
POSTED: June 18, 2010
Tags: bankruptcy trustee, Chapter 7, personal property, SCOTUS
A bankruptcy trustee could seek to recover the amount by which a debtor undervalued personal property when she declared it exempt in her Chapter 7 case, the U.S. Supreme Court has ruled in a 6-3 decision.
