ABI Blog Exchange

Realtor Commissions: Time The Bankruptcy, Not The Settlement, To Keep The Money

Real estate agents and brokers may believe that they don’t truly earn their commissions until settlement, but that’s not the controlling law in Maryland and many other states. Maryland Real Property Article Section 14-105 states that in the absence

Recent Proxy Access Proposals by Chevedden and Steiner Survive SEC Challenge

The quieter summer months muted what may turn out to be an important turning point in the proxy access landscape: the SEC staff denial of no-action requests for proxy access proposals submitted by John Chevedden and Ken Steiner. Two of the most

Recent Proxy Access Proposals by Chevedden and Steiner Survive SEC Challenge

The quieter summer months muted what may turn out to be an important turning point in the proxy access landscape: the SEC staff denial of no-action requests for proxy access proposals submitted by John Chevedden and Ken Steiner. Two of the most

Recent Proxy Access Proposals by Chevedden and Steiner Survive SEC Challenge

The quieter summer months muted what may turn out to be an important turning point in the proxy access landscape: the SEC staff denial of no-action requests for proxy access proposals submitted by John Chevedden and Ken Steiner. Two of the most

Recent Proxy Access Proposals by Chevedden and Steiner Survive SEC Challenge

After bankruptcy: Changed my mind. Can I still give back the car?

I get a question like this a couple times a week. My name is Ben Chambers. You handled my bankruptcy about 8 months ago it went well–thank you very much. I just have a quick legal question. At the time I decided to keep a car my Kia Sorento 2005 and

Interpretations of Stern in the Western District of Michigan

This blog entry includes material originally prepared by the author for the 2012 FBA Bankruptcy Seminar. The U.S. Supreme Court’s decision in Stern v. Marshall, 131 S. Ct. 2594 (2011), immediately cast a shadow of uncertainty on bankruptcy courts’

The Bankruptcy Code

When it comes to bankruptcy, the primary source of law is the Bankruptcy Code (Title 11 of the United States Code). Title 11 of the United States Code provides a comprehensive overview of all the substantive laws dealing with bankruptcy. Title (11)

I’ve filed Bankruptcy Before, Can I file Again?

Yes, you can file bankruptcy multiple times. In fact, there is no limit to the number of times that you can file. However, if you have received a discharge in a previous case, a certain amount of time must pass before you can receive a discharge

Joint Tax Refund Held to be Debtor’s Sole Property Under Illinois Law

Before the Bankruptcy Court in the Ruhl case was a chapter 7 trustee’s motion for turnover of a tax refund. [1] The question for the Court was whether a debtor’s [...]

Betrayed by Politics: Millions of Seniors Facing Foreclosure

Since 1935, when the U.S. passed its first Social Security Act, protection of the elderly has been a national priority. By 2009, according to this Wikipedia article, the U.S. Social Security plan became the largest government program in the world and

Betrayed by Politics: Millions of Seniors Facing Foreclosure

Since 1935, when the U.S. passed its first Social Security Act, protection of the elderly has been a national priority. By 2009, according to this Wikipedia article, the U.S. Social Security plan became the largest government program in the world and

Proposed Settlement with Dewey Partners on Hold

Per The Am Law Daily: July 19, 2012 By Sara RandazzoCiting widely held concerns voiced by former Dewey & LeBoeuf partners, the bankrupt law firm's chief restructuring officer said in an email sent to partners Thursday that the deadline for agreeing

MF Global UK Wins Court Approval To Return Some Client Assets

Per www.globalinsolvency.com: Thu., July 19, 2012 MF Global's European administrator KPMG has won the backing of the British High Court to return 54 million pounds ($84 million) of client assets next month in an early victory for creditors seeking

Today in Bankruptcy – 7-20-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 20, 2012 Can Bankruptcy Solve Student Loan Woes? Judge approves settlement in Donnan bankruptcy California Bankruptcies Show Willingness

The Broke and the Beautiful: Anniversary Edition

Can you believe it’s been a year since The Broke and the Beautiful first graced the blogosphere? On this week’s edition, former baseball star turned financial guru Lenny Dykstra pleads guilty to bankruptcy fraud. Also, Young Buck (who coincidentally

Lenders Beware When Securing Debt With Assets of a Borrower's Subsidiaries

By Risa Lynn Wolf-Smith and Clarissa M. Raney A recent Eleventh Circuit Court of Appeals decision, TOUSA, sends a warning about the dangers of securing the debt of a borrower with assets of its subsidiary. The Court held that the TOUSA subsidiaries

Dewey: ‘Clawback’ Plan To Be Modified

EPA Time out! The deadline has been pushed back for a proposed “clawback” settlement that was offered to more than 700 former partners of the bankrupt law firm Dewey & LeBoeuf LLP. And the plan itself has been modified to reflect concerns raised by

Sources to Help You Find the Right Bankruptcy Attorney

Many debtors who seek bankruptcy protection often don’t know where to start when it comes to hiring a bankruptcy attorney. While it is important to know what to look for when hiring legal representation, some people may feel they have limited sources

Sovereign Friday Bits: Pari Passu Preview; DRC Wins in Jersey

The panel for Monday's Second Circuit hearing in NML v. Argentina is Judges Raggi, Pooler and Parker (follow link, click on name for official bio). Recall it was the eleventh-hour recusal of Judge Leval that pushed the hearing off a month. Judge