Category Archives: Bankruptcy

50 Cent

Will 50 Cent Lose Bitcoin Millions to Bankruptcy Creditors?

Recently, rapper 50 Cent (Curtis Jackson) found about 700 Bitcoins between his virtual couch cushions worth some $7.7 million as of January 24, 2018. These were some of the proceeds…

Seeking New Solos!

Community Law Practice Incubator Start Your Own Practice − Serve the Community Are you or someone you know interested in starting a solo practice? Apply now to participate in the…

Chapter 7 Bankruptcy Trustee Must Obtain Court Approval Before Paying Taxes

In In re Cloobeck, 14 C.D.O.S. 5982, No. 23-15432 (9th Cir. June 12, 2015), the United States Court of Appeals for the Ninth Circuit ruled that a chapter 7 bankruptcy…

Welcoming Gregg Ficks, Incoming Commercial Law and Bankruptcy Section Chair

The Bar Association of San Francisco is excited to welcome its 2015 Commercial Law and Bankruptcy Section Chair, Gregg Ficks. Gregg is a partner at Coblentz, Patch, Duffy & Bass,…

BASF Joins Los Angeles County Bar Association in Amicus Brief Regarding Heller Ehrman Bankruptcy

In late February, BASF, along with the Los Angeles County Bar Association (LACBA), filed an amicus brief in a case before the Ninth Circuit Court of Appeals, which received widespread…

If You Are A Spendthrift (Trust), Go To Hawaii

A valid spendthrift trust is entitled to certain protections in bankruptcy, especially in Hawaii. In In re Zukerkorn, 500 B.R. 598 (9th Cir. BAP 2013), the Bankruptcy Appellate Panel of…

Lien Priorities Altered When One Creditor Breaches Fiduciary Duties to Another

In Feresi v. Livery, 2014 LEXIS 1138 (Cal.App. 2d Dist. Dec. 15, 2014), a California court held that equitable principles control over the Uniform Commercial Code’s priority scheme when a creditor…

Legal Ethics Corner: Ethical Issues in Accepting Credit Card Payments

As anyone who has paid for vegetables at the farmers’ market on a merchant’s smartphone knows, the use of credit cards as a form of payment has become a universal…

Discharging Student Loans

A recent opinion, namely In re Hedlund, 718 F.3d 848 (9th Cir. 2013), may make it easier to discharge student loans. In Hedlund, the debtor borrowed approximately $85,000 for college…

Can Bitcoin be Used as Collateral to Secure a Loan?

Problems arise when a lender attempts to accept Bitcoin as collateral to secure a loan.  More problems arise when Bitcoin makes up a portion of the lender’s collateral without the…