Bankruptcy: A Chapter 7 Overview
A Bankruptcy & Insolvency Section CLE Webinar
Friday, July 31st, 2020
Noon - 1:00 pm CDT
(1 hour of General credit)
The panelists will present a short overview of the workings of Chapter 7 with some practice tips. Discussions will then include a plethora of issues to include Section 363 sales, filing claims for priority claimants, exemption issues such as health savings accounts and homestead issues within 730 days of moving, tax considerations, 2004 exams, 341 hearings, the 5th Amendment, mesh and tort cases, and tax intercepts. Additionally, a short discussion will cover the Trustee’s assumption of risk on litigation that can possibly recover money for the estate and reduce priority claims which benefits creditors and debtors.
A graduate of Washburn University (B.A., summa cum laude, 1983) and Washburn University School of Law (Juris Doctorate, cum laude, 1987), Patricia is a partner with Stevens & Brand, L.L.P., practicing in the areas of debtor and creditors’ rights, commercial law and litigation, and bankruptcy matters.
Over the last 33 years, Patricia has regularly and continuously represented all types of creditors in bankruptcies, and has served as Chapter 7 Trustee since 2004. In addition to invaluable benefits of serving as an elbow law clerk to a United States Bankruptcy Judge, Patricia has a multitude of parties in numerous bankruptcy cases, and has served: asspecial counsel in the TWA case to assist in collecting preference payments; as one of the Debtors’ counsel for the Chapter 11 case of Dickinson Theatres, Inc.; as lead counsel for the unsecured creditors committee in The Farmers Cooperative Association case, the largest farm cooperative case filed in Kansas; as lead counsel for the unsecured creditors committee and later for the trustee in Hertzler Halstead Hospital case (which resulted in the criminal conviction of the former CEO for bankruptcy fraud); and as counsel for the Trustee in Thousand Adventures, Inc., Miller Grain Company, and III, Inc. cases each involving hundreds of thousands of dollars in claims against third parties.
Patricia is a member of the Kansas Bar Association and is currently serving as Secretary of the KBA Bankruptcy & Insolvency Section. Patricia is also a member of the United States District Court Bench-Bar Committee, Topeka Bar Association, Topeka Area Bankruptcy Council, Kansas City Bankruptcy Bar Association (President, 1996-2003), the Kansas Women Attorneys Association, the National Association of Bankruptcy Trustees, the American Bankruptcy Institute, and the Missouri Bar. Patricia served on the Bankruptcy and Insolvency Committee of the Kansas City Metropolitan Bar Association from 1996 to 2004. Patricia also served as a Member of the Local Rules Committee for the United States Bankruptcy Court for the District of Kansas. In 2010, Patricia served as an adjunct professor at Washburn School of Law teaching a course on debtor creditor relations. Patricia is listed in The Best Lawyers in America and was named the Best Lawyers' 2018 Topeka Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law "Lawyer of the Year". Patricia is frequent speaker at continuing legal education presentations, most recently presenting at the National Association of Bankruptcy Trustees’ annual conference in Denver and the Kansas Electric Cooperatives’ conference in Topeka.
A native of Arapahoe, Nebraska, Darcy Williamson earned her Bachelor of Science degree in Business Administration at the University of Nebraska-Lincoln in 1979, while playing for the Cornhusker women’s basketball team. She obtained her Juris Doctorate from Washburn University School of Law in 1982. Since graduation, she has practiced law in Topeka, Kansas as a sole practitioner, limiting her practice in recent years to bankruptcy and insolvency law, representing debtors, creditors and trustees.
Since 1985, Darcy has also served as a private member of the Chapter 7 Trustee Panel for the District of Kansas. She has been a member of the National Association of Bankruptcy Trustees (NABT) since 1988. Since 2013, she has served as a NABT board member and has served as the Chair or Co-Chair of the spring seminars or annual conventions since that time. She also chairs the Tax Committee.
For the past 33 years, she has served as an Adjunct Professor at Washburn University, teaching Bankruptcy and Collections in the paralegal program. She has also authored Bankruptcy and Collections, A Paralegal Perspective in association with the National Federation of Paralegals association.Darcy is a member of the Kansas Bar Association, and previously served as past President of the Insolvency Section of the KBA. She is a member of the Topeka Bar Association, the Wichita Bar Association. Darcy helped author the trustee section of the Kansas Bankruptcy Handbook, Third Edition and Fourth Edition, 2009 & 2017. She has spoken locally and nationally at various bankruptcy seminars.