January 7, 2013

Barry A. Chatz and Kevin H. Morse write article for Thomson Reuters on consumer bankruptcy

Barry A. Chatz

Barry A. Chatz

Kevin H. Morse

Kevin H. Morse

Arnstein & Lehr Chicago Partner Barry A. Chatz and Associate Kevin H. Morse have coauthored another article for Thomson Reuters News & Insight, published on the Bankruptcy Law page on December 17. The article, titled “A step inside consumer bankruptcy,” examines issues affecting the administration of consumer bankruptcy cases and how the law is being applied in the consumer Chapter 7 and 13 contexts. Mr. Chatz and Mr. Morse comment on three issues: the retrieval of a debtor’s towed vehicle without having to pay the towing fee or for the bankruptcy filing; difficulties faced by Chapter 7 trustees and secured creditors when determining the value of property, who rely on a debtor’s schedules or imperfect internet sources; and the effect of the decrease used car price on the car financing market and on the lender’s ability to recover on its loan.

To read the article in full, please click here.