I spent the lunch hour today down at the Tulsa County Bar Center attending the bi-monthly meeting of the TCBA Bankruptcy Section.
After a tasty box lunch from The Crusty Croissant, Paul Thomas, trial attorney with the Office of the U.S. Trustee and an admitted poetry aficionado, opened the meeting by reading one of his favorite poems.
Then the balance of the meeting was led by Chapter 7 panel trustee Sid Swinson who happened to be my bankruptcy professor way back when in law school. Sid spoke regarding some of the problem issues that he sees regularly in Chapter 7 petitions, schedules and statements of financial affairs. For example:
- not listing an anticipated income tax refund on Schedule B,
- not disclosing the location of a debtor’s assets that are not located at the debtor’s residence,
- not providing enough detailed information concerning a debtor’s ownership interest in an LLC, and
- using Oklahoma exemptions when the debtor hasn’t lived in Oklahoma for at least 730 days
As always, the meeting was very informative as well as an opportunity to socialize with fellow bankruptcy practicioners and court staff. I’m already looking forward to January’s meeting.
