A recording of this live update, presented on April 7, is now available.

During this extraordinary time and beyond, the IndyBar is committed to bringing you the information, tools and resources you need to stay informed, stay connected and succeed in the legal profession.

During this challenging time, the IndyBar is dedicated to making many of our services, resources and tools available to members online so that you can keep thriving in your practice, even from home!

In response to the recent outbreak of Coronavirus Disease (COVID-19) in the United States and particularly in the Southern District of Indiana, the Bankruptcy Court has made changes to its operations. 

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.

In a pair of decisions issued February 17, 2020, the Indiana Supreme Court ruled in favor of lenders in issuing guidance regarding the statutes of limitations applicable to a lender’s pursuit of a defaulted promissory note and a defaulted mortgage.

In Whirlpool Corp. v. Wells Fargo Bank, National Association, the United States Court of Appeals for the Seventh Circuit held that the current enactment of the United States Bankruptcy Code, specifically 11 U.S.C. §546(c), expressly subordinates a seller’s reclamation claim to the prior rights of a lienholder. This is good news for secured lenders.

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.

The IndyBar Legislative Committee is currently monitoring the following commercial and bankruptcy related legislation.