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Raymond J. Obuchowski was elected President by the Board of Directors.

CONGRATULATIONS!!! Raymond J. Obuchowski was elected President by the Board of Directors of the National Association of Bankruptcy Trustees (NABT) at its annual meeting in Amelia Island, Florida on August 18, 2018. NABT is the association whose membership consists of Chapter 7 trustees throughout the United States. He has been an active member of the Board since 2009, and a Trustee member since 1987. He will serve as President through August 2019. Ray became a member of the ABC in 1992, Certified Business and Consumer Bankruptcy.

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Amusements Off the Bench: The Hobbies of Judge Clarkson

By J. Scott Bovitz, Bovitz & Spitzer

I have been interviewing bankruptcy judges about their hobbies. Don’t laugh. I know what you are thinking. “Bovitz, you could interview every one of the 352 authorized bankruptcy judges about their hobbies ... and not find enough material for one Chapter 8 Humor column.” However, you would be mistaken.

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Bankruptcy Code Definition: Financial Institution

The Bankruptcy Code defines the term “financial institution” as meaning:

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Bankruptcy Code Definition: Bankruptcy Insider

The concept of insider is defined in 11 U.S.C. § 101(a)(31).

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Bankruptcy Code Definition: Disinterested Person

The Bankruptcy Code defines a “disinterested person” to mean a person that: (a) is not a creditor, an equity security holder, or an insider; (b) is not and was not, within 2 years before the date of the filing of the petition, a director, officer, or employee of the debtor; and (c) does not have an interest materially adverse to the interest of the estate or any class of creditors or equity security holders by reason of any direct or indirect relationship to, connection with, or interest in, the debtor, or for any other reason.  11 U.S.C. Section 101(14)

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