No Photo Available

Last Update

2016-11-24T00:00:00.000Z

This profile was last updated on .

Is this you? Claim your profile.

Wrong Wesley Steen?

Hon. Wesley W. Steen

Direct Phone: (713) ***-****       

Get ZoomInfo Grow

+ Get 10 Free Contacts a Month

Please agree to the terms and conditions

I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Grow 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.

Company Description

Texas bankruptcy law provides information on exemptions, local courts, and general information on the bankruptcy laws. ... more

Find other employees at this company (16)

Background Information

Employment History

Judges

Bankruptcy Code

S.D. Texas

Judge

American Bankruptcy Institute

Judge

U.S. Courts

Judicial Intern

the United States Bankruptcy Court

Affiliations

Board Member
Virtual Paper Inc

Web References (159 Total References)


Texas Bankruptcy Court directory - Beaumont, Lufkin, Sherman, TylerAlbilene, Amarillo, Dallas, Fort Worth, Lubbock, San Angelo, Wichita FallsBrownsville, Corpus Christi, Houston, McAllen, Laredo, VictoriaAustin, El Paso, Midland, San Antonio, Waco Texas B

www.texasbankruptcylaw.com [cached]

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


Hon. Wesley W. ...

americanbankruptcyins.v1.myvirtualpaper.com [cached]

Hon. Wesley W. Steen Chairman

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


Texas Bankruptcy Court Information

www.bankruptcyinformation.com [cached]

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


Texas Southern District Bankruptcy Court

www.bankruptcyinformation.com [cached]

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


Bankruptcy Litigation Blog: Houston's Chief Judge Wesley Steen Refuses to Let Unclaimed Funds Escheat to the Cheats

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!

Similar Profiles

Other People with this Name

Other people with the name Steen

Conner Steen
GDH Consulting Inc

Ted Steen
imagefirst

Petter Steen

Art Phyllis Steen
Car Talk

Vanessa van der Steen
Bedankt

City Directory Icon

Browse ZoomInfo's Business Contact Directory by City

People Directory Icon

Browse ZoomInfo's
Business People Directory

Company Directory Icon

Browse ZoomInfo's
Advanced Company Directory