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ABI Blog Exchange

Discover the latest articles and insights from our community

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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

• 8 min read
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The Broke and the Beautiful: Nevin Shapiro Edition

This week on The Broke and the Beautiful, former University of Miami booster Nevin Shapiro’s bankruptcy trustee is racking up the recoveries. Also, rapper Young Buck might face bankruptcy liquidation, and B.B. King’s Blues Club is still grappling

6 min read

What to Do When You Decide to File for Bankruptcy

Filing for bankruptcy is a big decision in your life, for some it is the best option for getting out from under debt, for other people it’s not a good decision as they could pay off their bills with some financial counseling. For people who are still

6 min read


New Change To Required Language For Foreclosure Notices Under California Civil Code § 2924c

Effective as of January 1, 2011, the language prescribed for all notices of default recorded pursuant to Section 2924 et seq. of the California Civil Code has changed. Despite the fact that this change became effective as of the beginning of this

6 min read

American Airlines & The Long-Term Financial Benefits of Bankruptcy

The current financial situation of American Airlines serves as a lesson on how filing for bankruptcy can lead to long-term financial strength – and, perhaps more importantly for the airline, how avoiding bankruptcy can sometimes cause long-term

6 min read

Seventh Circuit Rejects Philadelphia Newspapers Credit Bid Decision, Creating a Circuit

Kevin O'Malley The Seventh Circuit recently held that a secured creditor has the right to credit bid its claim in a sale of assets being conducted pursuant to a plan proposed under chapter 11 of the Bankruptcy Code. The decision creates a split of

6 min read

What Information Should You Bring to a Bankruptcy Consultation

Before you come in to visit an Allmand Law attorney for a bankruptcy meeting there is some information you need to bring along to help get an accurate picture of your financial situation. Gathering this information beforehand can make the initial

6 min read