Fixing Broke: Consumer Bankruptcy Diary
Unlock the surprising courtroom strategy that could reshape how attorney fees are paid in Chapter 13 cases—and why the City of Chicago was throwing everything at it. This episode dives into the gripping legal battle surrounding the case of Faulkner versus the City of Chicago, where a seemingly tiny amendment to bankruptcy law ignited a firestorm of debate about the rights of unsecured creditors, attorney fees, and the future of Chapter 13 filings. Join former Chapter 13 trustee Jody Bledsoe and renowned bankruptcy appellate lawyer Mike Miller as they unravel the complex arguments that made this case a landmark. You'll discover how a few strategic legal moves and misunderstandings about bankruptcy statutes could threaten the survival of Chapter 13 as we know it. Mike shares behind-the-scenes insights into how the case was fought, the influence of amicus briefs from NACPA and NACT, and the court’s decision that might limit the City’s power in future debtor cases.
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