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Lending Money to a Friend, You Lose Both the Friend and the Money | Nelson Mullins Riley & Scarborough LLP

In the case of In re Ricky L. Moore (19-01228), the United States Bankruptcy Court for the Northern District of Iowa taught an important lesson in the context of Chapter 12 bankruptcy. ....

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Payments from Friendly Debtors in Bankruptcy

In re Ricky L. Moore, the United States Bankruptcy Court for the Northern District of Iowa taught an important lesson in the context of Chapter 12 bankruptcy cases: do not rely on repeated assurances of payment from a friendly debtor in lieu of filing your bankruptcy proof of claim. ....

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