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Consumer creditors were dealt a favorable hand on the issue of lien "revival" or "revesting" in a recent decision authored by Judge Eugene R. Wedoff in In re Booth. 1 The issue presented in Booth is the effect of dismissal of a chapter 13 c…
ABI's Consumer Bankruptcy Committee is co-chaired by Hon. Dennis R. Dow, Hon. Thomas F. Waldron, Dennis J. LeVine and Thomas J. Yerbich. Judge Dow was appointed a Bankruptcy Judge for the Western District of Missouri Circuit Court of Appeal…
It comes as no surprise that there has been a sense, mostly among members of Congress, that debtors who choose chapter 13 are more dedicated to repaying their creditors than those who choose chapter 7. Before enactment of the Bankruptcy Abu…