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Ground-Breaking Decision Re: Equitable Distribution Claims Window
The US Court of Appeals for the Third Circuit broke new ground holding for the first time that a debtor’s spouse has an unsecured claim for equitable distribution as long as a complaint for divorce is pending when the bankruptcy case is filed. Erin Kennedy successfully argued for the allowance of the claim.
NJ Affordable Homes Corp. Ponzi Scheme: Trustee Recovery Efforts Continue
Bankruptcy Judge Donald H. Steckroth has issued a 108-page decision upholding substantially all claims asserted in almost 600 proceedings commenced by Charles M. Forman, trustee in the case of NJ Affordable Homes Corp., a massive real estate Ponzi scheme perpetrated by Wayne Puff and others.
Founders’ Son Buys Entertainment Publications Out Of Bankruptcy
Entertainment Publications, the 50-year-old company that publishes a ubiquitous coupon book sold mostly through fundraisers in more than 150 cities, filed for Chapter 7 bankruptcy liquidation March 12, 2013. Charles Forman was appointed as bankruptcy trustee, authorized by the U.S. Bankruptcy Court in Delaware on March 25 to operate the company until a sale is […]
Charles M. Forman: The Master Of Disaster
This profile piece from The Bergen Record delves into the role Charles M. Forman plays as a bankruptcy trustee: Part SWAT Team Chief, Part CEO.
