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

• 8 min read
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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

Federal Circuit Court Liberalizes Chapter 13 Stripping Of Unsecured Junior Mortgages

Because of substantial decline in Florida real estate values Chapter 13 bankruptcy is commonly used to strip off second and third mortgages from the debtor’s upside down primary residence. Junior mortgages are not stripped off the residence at start

6 min read

Massachusetts Bankruptcy Lawyer Updates on CFPB

We have provided numerous updates about the Consumer Financial Protection Bureau since its establishment as a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Act, usually referred to simply as Dodd-Frank, after the

6 min read

Understanding WaMu’s Bankruptcy Plan Rejection

Washington Mutual, Inc., the holding company for failed bank Washington Mutual, has faced some trouble having its reorganization plan accepted in bankruptcy court. The company filed for bankruptcy three years ago, but the court has twice rejected its

6 min read

Unmarried Couples and Bankruptcy

Couples who aren’t married, even those who have legally recognized civil unions, cannot file bankruptcy even if their debt was jointly incurred. Bankruptcies fall under federal jurisdiction and are not filed in the state in which you reside, so

6 min read

The British Virgin Islands: A Paradise to Tourists and Mutual Fund Investors Alike… with Blue Skies, Full Moon Parties… and Clawback-Free Zones

A decision from a British Virgin Islands court could potentially limit efforts to recover funds for defrauded customers of the now defunct Bernard L. Madoff Investment Securities Inc. (“BLMIS”) as well as for other BVI-domiciled funds. Irving Picard

6 min read