All of us at McGlinchey hope that all communities in the path of Hurricane Milton remain safe. McGlinchey’s Tampa office will be closed on Wednesday, October 9, and Thursday, October 10. To ensure safety for all, our Fort Lauderdale and Jacksonville offices will be working remotely. Learn more.
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McGlinchey Stafford is pleased to announce that New Orleans Office Managing Attorney Magdalen Blessey Bickford has been honored with the 2024 “Women of the Year” Award from New Orleans CityBusiness, in recognition of her business success and dedication to the community.
In this episode of our series of deep dives into consumer financial services, we’re going to discuss bank partnership programs in a different way.
The issue in MacKenzie, a Chapter 7 bankruptcy, was how to allocate the proceeds from the sale of the debtor’s real estate between the Internal Revenue Service (IRS), which had filed a valid lien against the real estate for taxes, interest, and penalties, and the Bankruptcy Estate. The sale proceeds were sufficient to satisfy the taxes, a portion of the interest, but none of the penalties. The bankruptcy court allocated the proceeds on a pro rata basis between the IRS and the Bankruptcy Estate. The District Court affirmed, but the Ninth Circuit reversed and remanded, finding that pro rata allocation of the sales proceeds is inconsistent with the Code.
Recognized among the top few national firms in education finance, McGlinchey attorneys represent companies in all segments of the private education lending industry.
“McGlinchey Stafford has an exceptional team that partners with clients to address the most sophisticated and challenging problems at an incredible value.”
McGlinchey attorneys are joined by Phil Goldfeder, CEO of the American Fintech Council (AFC), for a podcast on the regulatory landscape of bank partnerships.
This signature event offers three fast-paced days of engaging programming addressing important topics affecting the consumer financial services industry.
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