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

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Sanctions for Attempting to File a Piece of Paper?

The PACER and CM/ECF programs have revolutionized the practice of bankruptcy law. Thanks to PACER, I can download a document filed in almost any district in the country for the low price of $.08 per page (soon to go up to $.10 but still cheap)

6 min read

Putting the “Limited Liability” into “Limited Liability Company”: Delaware Supreme Court Affirms Limited Scope of Derivative Standing to Pursue Claims on Behalf of LLCs

We previously wrote about a decision in CML V, LLC v. Bax et al., 6 A.3d 238 (Del. Ch. 2010) (“JetDirect”), pursuant to which the Delaware Court of Chancery found that the plain language of the Delaware Limited Liability Company Act denies derivative

6 min read

Should You Terminate a Chapter 13 Bankruptcy?

A Chapter 13 bankruptcy is a court ordered repayment plan that helps filers establish plans that they can manage so they can stay on top of their debts and in some cases keep their homes and other priority items. A traditional Chapter 13 bankruptcy

6 min read

The Daily Docket: Trump Bids $170 Million For Doral

Donald Trump’s real estate company has signed an agreement to pay $170 million for the Doral Golf Resort and Spa out of bankruptcy. Read The Wall Street Journal story here. The state of New Jersey is renewing its lawsuit against Ernst & Young LLP

6 min read

Illinois Bankruptcy Attorney On When And How To Contact Your Chapter 13

Link The answer is you typically will not have to contact the Chapter 13, expect on rare occasions. For example, all the correspondence that we have with the Chapter 13 trustee is going to come through our office. We are going to file the petition

6 min read

Am I A Bad Person If I File for Bankruptcy?

Almost all of my clients hate to schedule their first appointment with me. It’s not because I’m a bad guy, or that I treat my clients poorly–just the opposite. My clients are shown respect and understanding, and a ready ear to hear their problems. So

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