Article Exchange

Second Circuit Upholds Madoff Trustee’s Use of “Net Equity” Method

UPDATE:  While Picard may have lost the battle in the District Court’s HSBC ruling, the Second Circuit Court of Appeals handed him a significant victory yesterday as it affirmed the bankruptcy court’s approval of the use of Picard’s “net equi

Why Escrow Accounts Matter in Chapter 13 Bankruptcy

Recent court rulings may have significant impact on how bankruptcy courts handle escrow debts in some

SIPA Trustee Lacks Standing to Assert Certain Claims Against Third Parties on Behalf of Defrauded Customers

The Madoff investment scandal was arguably the most widespread and financially devastating Ponzi scheme on record, with a fraud on customers estimated at $64 billion.  Shortly after the scheme’s discovery in 2008, the Securities Investor Prot

The Daily Docket: Centerbridge Blasts Lehman Plan

New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be.

How Can I Protect My Inheritance In Bankruptcy?

Filing Bankruptcy On Family Loans