Bankruptcy Law Section

The Bankruptcy Law Section focuses on issues involving bankruptcy law. The section’s executive committee develops projects for its members ranging from legislative proposals to their annual two-day Bankruptcy Forum and associated social events.

Chair
Miller Martin PLLC
832 Georgia Ave # 1200
Chattanooga, TN 37402-2289
(423)785-8383
Vice-Chair
Tennessee Attorney General's...
Po Box 20207
Nashville, TN 37202-4015
(615)741-1935
Immediate Past Chair
Wilson & Assoc PLLC
5050 Poplar Ave., Suite 115
Memphis, TN 38157
(901)578-9914
Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219
(615)383-7421

HAVEN Act is Law, New Forms in Effect

On Aug. 26, 2019, the president signed into law the Honoring American Veterans in Extreme Need Act of 2019 (the HAVEN Act) Public Law No. 116-52. The HAVEN Act amended 11 U.S.C. § 101(10A) to exclude from the definition of Current Monthly Income certain payments made under title 10, 37 or 38 of the United States Code in connection with a disability, combat-related injury or disability, or death of a member of the uniformed services.
 
At its Sept. 26, 2019 meeting, the Advisory Committee on Bankruptcy Rules made minor conforming amendments to lines 9 and 10 of Official Forms 122A-1, 122B, and 122C-1 to address the HAVEN Act.
 
Here are the new forms, effective Oct. 1:

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Free Webinar - Ag Bankruptcy Spotlight: Chapter 12 Considerations and Basics

The National Agricultural Law Center is hosting a free webinar on Oct. 16 from 11 a.m. - noon CDT, discussing Chapter 12 Bankruptcy. Renee Williams, the Chapter 12 Standing Trustee for the Eastern & Western Districts of Arkansas, will be the featured presenter. Participation is limited to the first 100 registrants.

Here are the details:

Title: Ag Bankruptcy Spotlight: Chapter 12 Considerations and Basics

Description: Lower commodity prices, extreme weather, and ongoing trade tensions in world markets have contributed to widespread financial strain throughout American agriculture.  The American Farm Bureau Federation recently reported that “the delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high” and that Chapter 12 bankruptcies increased the previous year in all but one region of the country.  Recently, the Bankruptcy Code was amended to ease eligibility requirements for family farmers considering filing for Chapter 12 bankruptcy. This webinar will provide a basic introduction to Chapter 12. It will discuss eligibility requirements, advantages of filing a Chapter 12 over other types of bankruptcy, and uses of a plan to make changes in the farming operation.

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