US Bankruptcy Court WDMO Docket Feed

Lyne v. Creditors - Chapter 13 Confirmation Denied, TBE Property

The United States Bankruptcy Court for the Western District of Missouri denied confirmation of the Chapter 13 plan filed by debtors Nathaniel Spencer Lyne and Hallee Nicole Lyne in Case No. 25-60046, holding that the plan fails the best interest of creditors test under 11 U.S.C. § 1325(a)(4). The trustee avoided a purchase-money security interest in the debtors' 2024 Toyota Sienna (valued at approximately $39,000) as a preferential transfer under § 547, and the court ruled that because the Lynes cannot claim the tenancy by the entirety exemption in the vehicle under § 522(g), the roughly $39,000 in freed equity must be made available to their individual unsecured creditors (owed approximately $100,000). The court granted the trustee's motion to deny confirmation, rejecting the debtors' argument that individual unsecured creditors have no claim to TBE property.

Bankruptcy Court Dismisses JLK Construction Claims Against MCA Defendants

The United States Bankruptcy Court for the Western District of Missouri dismissed all ten counts of JLK Construction LLC's second amended adversary complaint against Alva Advance LLC, Jared Leff, SKD Holdings LLC, Boost Capital Group LLC, and Zac Bena. Counts one through four and ten were dismissed with prejudice as futile, while the court granted JLK leave to amend counts five through nine. The dispute centers on merchant cash advance transactions that JLK alleges were disguised loans with effective annual interest rates between 413% and 846%.