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 Mutual Insurance Company, who was [...]
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.
