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

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The Daily Docket: Ritz Camera Enters Bankruptcy

Camera retailer Ritz Camera & Image LLC filed its second Chapter 11 bankruptcy petition since 2009. Read the Daily Bankruptcy Review Small Cap article here. A federal judge approved a $40 million mortgage-backed securities settlement in a class

Rating Agencies Remain a Weak Link in the Financial System

Looking back on last summer provides some perspective. What's worse: a $2 billion nick to one bank's profits, or a massive computational error leading to the unprecedented downgrade of the world's most powerful economic force?

Summer Watch-List of Governance Developments

While proxy season has ended for most companies, there are a number of governance matters worth keeping an eye on during the summer months: SEC Rulemaking. The SEC website noting upcoming Dodd-Frank activity still indicates a number of actions slated

Summer Watch-List of Governance Developments

While proxy season has ended for most companies, there are a number of governance matters worth keeping an eye on during the summer months: SEC Rulemaking. The SEC website noting upcoming Dodd-Frank activity still indicates a number of actions slated

A Jail Cell For A Debtor Who Went Too Far

In 2005 the credit card companies finally aligned all the stars to get BAPCPA passed: the Bankruptcy Abuse Prevention and Consumer Protection Act. Although BAPCPA has been roundly – and soundly – condemned as mucking up a perfectly good bankruptcy

Summer Watch-List of Governance Developments

While proxy season has ended for most companies, there are a number of governance matters worth keeping an eye on during the summer months: SEC Rulemaking. The SEC website noting upcoming Dodd-Frank activity still indicates a number of actions slated

Summer Watch-List of Governance Developments

While proxy season has ended for most companies, there are a number of governance matters worth keeping an eye on during the summer months: SEC Rulemaking. The SEC website noting upcoming Dodd-Frank activity still indicates a number of actions slated

Inherited IRAs Are Now Exempt in Chapter 7 Bankruptcy in California

Individual Retirement Accounts have for many years been one the safest ways to protect savings for one’s future retirement from the claims of creditors, especially in Chapter 7 bankruptcy. Mind you, I’m not saying that once funds have been

The Coasean Republic

At times I've joked to my classes about the possibility of a Coasean Republic, a state I call "Coase-istan" (or perhaps Kosistan), in which the entire world operates via private ordering. In Coase-istan, government does, well, nothing except put

Elizabeth Warren and the Transparent Debtor

(Note: much of the facts in this blog are quoted from the Wikipedia article on Elizabeth Warren) I have long admired, and will probably always admire, Elizabeth Warren. Since before my career began in 1985 as an aspiring bankruptcy lawyer (I was in

United States Trustee successfully challenges venue in prepackaged Chapter 11 proceedings filed in the Southern District of New York

Last week the United States Bankruptcy Court for the Southern District of New York handed down a ruling granting the motion of the United States Trustee to transfer venue in prepackaged Chapter 11 proceedings. The ruling is very interesting because

United States Trustee successfully challenges venue in prepackaged Chapter 11 proceedings filed in the Southern District of New York

Last week the United States Bankruptcy Court for the Southern District of New York handed down a ruling granting the motion of the United States Trustee to transfer venue in prepackaged Chapter 11 proceedings. The ruling is very interesting because

Limits of a §363 sale order in the context of claims based on successor liability on account of injuries suffered by future claimants

Per http://www.dailydac.com/blog/: Bankruptcy 363 Sale Order May Not Shield Against Successor Liability Posted on June 23, 2012 by DailyDAC Good article in the current issue of New York Law Journal on the limits of a § 363 sale order in the context

Kinetic Partners, an award winning global professional services firm, offers solutions for investors in "Locked Up" or "Zombie" funds

A few days ago, we posted an article concerning remedies for investors in funds that have ceased honoring redemption requests. As discussed, in some instances investors may take action in court to compel distributions from such funds, referred to in

Air France To Cut 5,000 Jobs

Per www.globalinsolvency.com: Fri., June 22, 2012 Air France announced more than 5,000 job losses under a cost-cutting plan on Thursday, creating a political headache for new President Francois Hollande, Reuters reported. The cuts at the French flag

Arcapita Bank: Agenda On Certain Matters Scheduled for Hearing on June 26, 2012

On June 22, 2012, Arcapita filed a Notice of Agenda of Certain Matters Scheduled for the hearing in its Chapter 11 proceedings, to take place before the Bankruptcy Court on June 26, 2012. See http://www.gcginc.com/cases/arcapita/pdflib/272_11076.pdf

Ritz Camera Files Bankruptcy

Per Business Week: Ritz Camera Files Bankruptcy Second Time in Three Years By Steven Church on June 22, 2012 Tweet Facebook LinkedIn Google Plus 0 Comments Ritz Camera & Image LLC, which calls itself the largest U.S. chain of specialty camera shops

How to Value Personal Property on your Bankruptcy Schedules

It may work differently elsewhere, but in Massachusetts we aren’t interested in your clothing. However, here and elsewhere, anyone filing bankruptcy must value their personal property on their schedules, including their clothing, furniture, books and

David Shapiro Joins Capstone as Midwest Head of Restructuring

Congratulations to Capstone Advisory Group, LLC on its very savvy move in hiring our friend, David C. Shapiro, as Executive Director and Head of Restructuring for the Midwest Region. David is a well known commodity, having been a Senior Vice

Bankruptcy 363 Sale Order May Not Shield Against Successor Liability

Good article in the current issue of New York Law Journal on the limits of a § 363 sale order in the context of claims based on successor liability on account of injuries suffered by future claimants. The article examines the Southern District of New