February 2008 Archives

new cases (cir 7, 8)

February 25, 2008, by
bankruptcy-court-seal.jpg

cir 7

HA 2003 Liquidating Trust v. Credit Suisse Sec. (USA) LLC, No. 06-3842 (February 20, 2008)

In a suit by a trust set up to collect money for a bankrupt company's creditors against an investment banker that advised the company during a disastrous deal, judgment for defendant is affirmed where the investment banker was not grossly negligent in issuing a fairness report approving of the deal since it relied on inaccurate numbers provided by the company, and was under no contractual duty to revise its report after technology stocks began an industry-wide downturn.

cir 8

Schaaf v. Residential Funding Corp., No. 06-3694 (February 22, 2008)

In an action brought by certain investors asserting violations of the Minnesota Consumer Fraud Act (MCFA) and claims of common law fraud and unjust enrichment, dismissal of plaintiffs' claims is affirmed where the investors failed to plead a sufficient causal nexus between their financial losses and the allegedly fraudulent actions of defendants.

new median income figures as of february

February 7, 2008, by

U.S. Trustee Program

Census Bureau Median Family Income By Family Size

(Cases Filed On and After February 1, 2008)

Median family income data for use in completing Bankruptcy Forms 22A and 22C.

FAMILY SIZE

STATE

1 EARNER

2 PEOPLE

3 PEOPLE

4 PEOPLE *

Alab

$36,192

$44,918

$51,103

$62,015

Alask

$45,012

$68,008

$72,382

$73,825

Arizon

$40,945

$53,153

$59,782

$66,903

Arkans

$32,534

$41,760

$48,943

$53,671

Califor

$46,814

$61,742

$66,611

$76,931

Colo

$44,203

$62,302

$66,731

$77,933

Conn

$55,410

$68,879

$78,973

$96,493

Del

$44,378

$55,646

$66,687

$80,552

Dist. Col.

$39,504

$67,790

$67,790

$73,609

Fla

$40,036

$50,636

$56,923

$66,876

Geor

$39,171

$51,425

$58,885

$68,611

Haw

$47,256

$60,223

$71,553

$86,878

Ida

$37,347

$48,211

$54,709

$59,720

Ill

$44,673

$56,545

$66,607

$77,634

Ind

$39,384

$51,056

$57,510

$69,718

Iowa

$37,759

$50,581

$59,331

$69,723

Kans

$38,594

$52,989

$58,075

$69,831

Kent

$37,097

$43,482

$52,106

$61,917

Louis

$34,342

$42,682

$52,231

$61,874

Maine

$38,090

$47,699

$59,883

$65,310

Maryl

$52,597

$68,075

$80,344

$96,695

Mass

$52,633

$63,039

$77,960

$91,892

Mich

$43,123

$51,878

$61,796

$74,658

Minn

$45,217

$60,377

$70,695

$83,797

Mississ

$30,424

$38,919

$43,587

$54,501

Misso

$37,747

$48,944

$56,478

$65,076

Mont

$38,968

$48,079

$53,595

$62,301

Nebr

$37,209

$52,690

$59,708

$70,880

Neva

$45,642

$57,860

$65,032

$67,977

New H

$51,512

$63,505

$72,736

$89,885

New J

$56,151

$64,821

$83,306

$97,131

New M

$35,691

$48,870

$48,870

$53,516

New Y

$44,587

$54,397

$64,673

$77,664

N Carol

$36,271

$49,259

$55,498

$63,169

N Dak

$36,735

$49,893

$61,305

$69,484

Ohio

$40,168

$49,708

$59,786

$70,532

Okla

$34,554

$46,222

$48,730

$56,598

Oreg

$42,460

$53,236

$59,686

$66,678

Penns

$43,166

$50,628

$63,491

$76,182

Rhode

$47,080

$59,763

$64,933

$80,416

S Carol

$35,185

$46,521

$52,992

$61,362

S Dakot

$32,854

$49,419

$61,884

$65,317

Tenn

$36,380

$46,039

$53,337

$61,856

Tex

$36,285

$51,355

$53,803

$61,511

Utah

$45,724

$51,583

$58,285

$65,397

Vt

$42,344

$53,622

$61,825

$69,817

Virg

$46,055

$61,115

$69,719

$80,646

Wash

$48,030

$60,252

$68,139

$77,280

W. Va

$37,164

$39,602

$50,440

$57,513

WIsc

$41,528

$54,297

$65,440

$74,560

Wyom

$35,941

$53,330

$60,289

$73,597

Add $6,900 for each individual in excess of 4

COMMONWEALTH

FAMILY SIZE

1 EARNER

2 PEOPLE

3 PEOPLE

4 PEOPLE *

GUAM

$34,783

$41,588

$47,392

$57,351

NORTHERN MARIANA ISLANDS

$23,357

$23,357

$27,175

$39,969

PUERTO RICO

$19,736

$19,736

$22,256

$26,128

VIRGIN ISLANDS

$27,597

$33,169

$35,364

$38,746

mid-city parking, arlow v FAY properties, in re sterling, in re linnear, in re polo builders

February 5, 2008, by

bankruptcy-court-seal.jpg


In re Mid City Parking, Inc., 04 B 45177

Arlow v. F.A.Y. Properties, Inc., 06 A 01812

Issued: Dec 27, 2007

Judge: Jacqueline P. Cox

See the opinion and download in PDF format here

====

In re Sterling Marquette and Tammy Lynn Wilson, 07 B 17012

Issued: January 29, 2008

Judge: Jack B. Schmetterer

See the opinion and download in PDF format here

====

In re Willie Lee Linnear, 07 B 19131

Issued: January 29, 2008

Judge: Jack B. Schmetterer

See the opinion and download in PDF format here

====

In re Polo Builders, Inc., et al., 04 B 23758

David Brown, Trustee v. Real Estate Resource Management, et al., 04 A 04032

Issued: January 24, 2008

Judge: Jack B. Schmetterer

See the opinion and download in PDF format here