Archive for March, 2010

Fraudulent intent in case of failure

Intention does not matter under the bankruptcy code. Under many
states’ laws a transfer to a relative for less than fair value creates
a rebuttable presumption of fraud. There is no such rebutting under
548, where the transfer for less than fair value while insolvent is
avoidable regardless of intent. The point is the transferee got [...]

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Giant Peacock Bass in Brazil

Are you a sportsman, a real man’s man? Do you love to fish? Boy, fishing is fun!

And I don’t mean just little fish, like sunfish and crappie from Texas lakes and reservoirs. I’m talking humongous, hook-straightening, rod-shattering, 20 pound monsters. I’m talking Peacock Bass!

They’re found in Brazil, near the Rio Negro Lodge. the Lodge is set way up in the Amazon rain forest, along a beautiful river. The fishing is insane.

But the lodge? It’s even better! It’s a five-star masterpiece owned by Phil Marsteller of Dallas, Texas. He spared no expense in putting the lodge together and no detail was overlooked.

There’s a gourmet restaurant, a mahogany cocktail lounge, two swimming pools, a world-class spa and 24-hour service. It’s exactly the kind of place you’d expect from a man as wealthy as Phil Marsteller. (Mr. Marsteller also owns two casual restaurants in Illinois, an office building in midtown Manhattan, a 6-thousand acre ranch/vineyard in Australia, a commercial fishery in Iceland, a drilling rig on Pluto, the Nina, the Pinta, the Santa Maria, and all the Gold in California. He’s rich with a capital “R”!)

So if you want the fishing experience of a lifetime, paired with luxury matching the finest accommodations in the world, head down to the Rio Negro Lodge.

Filing of bankruptcy, when he divorced in someone other than Oklahoma

Client has contacted me regarding the filing of a Chapter 13 bankruptcy case. He was married in Oklahoma City. He and his wife divorced in the Dominican Republic. He has a Dominican “certificate of divorce.” He was referred to me by another attorney who thought he was still married in the US and thus could do a joint case. He and his wife live apart, are both in Oklahoma and are on good terms. They want to save a house from foreclosure. Both need a bankruptcy filed here in OKC and finances are tight, thus the their inquiry regarding a joint bankruptcy case.

View full post on Oklahoma Bankruptcy News

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