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Wrong Wesley Steen?

Wesley W. Steen

Judge

Texas Bankruptcy Law

Direct Phone: (713) ***-****direct phone

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Texas Bankruptcy Law

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Background Information

Employment History

Judges

Bankruptcy Code


Judge

American Bankruptcy Institute


Judge

U.S. Court of Appeals


Judicial Intern

the United States Bankruptcy Court


Affiliations

Virtual Paper Inc

Board Member


Web References(83 Total References)


americanbankruptcyins.v1.myvirtualpaper.com

† Hon. Wesley W. Steen
Chairman 2006-07 Hon. Wesley W. Steen


www.bankruptcyinformation.com [cached]

Hon. Wesley Steen
6202 U.S. Courthouse 515 Rusk Ave. Houston, TX 77002 (713)250-5779


www.bankruptcylitigationblog.com [cached]

Houston also is home to one of the hottest bankruptcy districts, whose judges include Judge Marvin Isgur, whose opinions have stirred much controversy on severalfronts, and Chief Judge Wesley Steen, who last year completed his term as the first sitting judge to serve as President of the American Bankruptcy Institute.
Much personal gratitude is due Judge Steen for his recommendation of this blog as a resource to incoming judicial clerks, and for the establishment of the ABI Bankruptcy Blog Exchange under his watch, which includes this blog at the top of the list. Judge Steen, for his part, also has his own fiery sauce for lawyers, as reported last year by the WSJ Law Blog's founder, Peter Lattman. Despite the lack of response or opposition, Judge Steen found himself in a quandary since " deposit of unclaimed funds into the registry of the court is only available under Bankruptcy Code § 347(a) and only for unclaimed funds in chapters 7, 12, and 13. Conversely, unclaimed funds in a chapter 11, he noted, is governed by Bankruptcy Code § 347(b), which requires that the funds revert to the debtor or to the entity acquiring the assets of the debtor under a plan. Judge Steen, however, saw no justice in letting the unclaimed funds escheat to the cheats, and so wouldn't let the money go back to the debtor and its principals. Literal application of § 347(b), however, would have resulted here in an "infinite circular loop" that would "be broken only when the administrative expenses of continuing the loop extinguished the funds in the trust. Judge Steen thus broke the loop and ordered that the funds be deposited into the Court's registry to escheat to the United States and further disposition under 28 USC § 2041 et seq. The problem faced by Judge Steen and the liquidating trustee is not new, with liquidating trustees and disbursing agents long trying to creatively distribute unclaimed funds. It'd be hard to fault Judge Steen for funding such a worthy cause!


www.oakllp.com [cached]

Before beginning his law practice, Chris served as a judicial intern to the Honorable Wesley W. Steen of the United States Bankruptcy Court the Southern District of Texas.
Judicial Intern to the Honorable Wesley W. Steen of the United States Bankruptcy Court the Southern District of Texas, 1999 Sheinfeld, Maley & Kay, P.C., 1999 - 2000 Akin Gump Strauss Hauer & Feld LLP, 2000 - 2003


www.commercialbar.com [cached]

Wesley W. Steen, Judge


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