Ten months prior to filing her petition under Chapter 7, Dae…

Ten months prior to filing her petition under Chapter 7, Daenerys sold one of her dragons to Tyrion Lannister for $500,000 because she needed the money to buy some ships. Daenerys had no fraudulent intent and actually believed that $500,000 was a fair price. In fact, the fair market value of the dragon at the time of the sale was $1,000,000.  Tyrion had no other connection or relationship with Daenerys.  But, Tyrion was acting in bad faith: he knew what the dragon was worth, he knew that Daenerys was insolvent and in a desperate financial condition, and he knew that he was taking advantage of her. At all relevant times, Daenerys was insolvent. Which of the following statements is the most accurate?

Yuliana owes $100,000 in debt related to her recent divorce….

Yuliana owes $100,000 in debt related to her recent divorce.  She is unable to make any payments on this debt due to her low paying job.  She consults a bankruptcy attorney who advises her that a Chapter 13 bankruptcy is best for her and that she can discharge those debts through her bankruptcy.  Yuli’s Chapter 13 plan is confirmed providing to repay 20% of the divorce debt and she begins making payments.  Six months later, Yuli loses her job and can no long make her plan payments.  She is forced to convert to a Chapter 7.  What effect does the conversion have on her debt from her divorce?

Mufflin Dunder, LLC (MD, LLC) sold a large number of golden…

Mufflin Dunder, LLC (MD, LLC) sold a large number of golden tickets to its clients redeemable for free paper. Before any of them could be redeemed, however, MD, LLC filed a Chapter 11 petition. MD, LLC proposed a plan that treated the golden tickets as unsecured claims. Will the plan be confirmed?