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

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“Don’t Have a Cow, Man”: Court Rules that a Lender’s Perfected Security Interest in Cattle Does Not Lapse Where the Lender Fails to File a Postpetition UCC-1 Continuation Statement

In In re Wilkinson, the United States Bankruptcy Court for the Northern District of New York recently held that a lender’s postpetition failure to file a UCC-1 continuation statement does not render the underlying security interest unperfected so

Student Loans and Bankruptcy

Student loan debt has been part of an ongoing debate when it comes to the subject of getting them discharged. While the debt in most cases cannot be discharged, a bankruptcy filing may help you gain advantages in repaying what is owed. The only way

The Daily Docket: Judge Rules for Vitro Bondholders

A U.S. federal judge refused Wednesday to enforce Mexican glassmaker Vitro SAB’s controversial debt restructuring in a closely watched bankruptcy case that threatened to sever the cross-border business cooperation between the two nations’ legal

The Calls Have Started: Debt Collectors and Your Rights

We all know the feeling; that first call comes, and you know it’s the beginning of a long, frustrating ordeal. When you’re in debt, collection agencies can make life a little, and sometimes a lot, more stressful. In this situation, it can help to

The Dewey Bankruptcy: Pot Shots and Finger-Wagging

The Wall Street Journal reports that Dewey & LeBoeuf consumed $43 million between April 16, 2012 and its recent bankruptcy filing, according to J.P. Morgan Chase & Co., the lead agent in a bank syndicate that issued the firm a $100 million credit

Solar Millennium AG files Chapter 15 in Delaware

Insolvent and over-indebted Solar Millennium AG, the subject of German insolvency proceedings, filed a petition under Chapter 15 of the Bankruptcy Code last week. According to the Verified Petition filed with the Bankruptcy Court, Solar Millennium AG

Ex-Dewey Partner Bunsow Sues Former Leaders For Misrepresenting Firm's Finances

Per The Am Law Daily From the American Lawyer : " In a bombshell lawsuit filed Tuesday in California state court, former Dewey & LeBoeuf partner Henry Bunsow is accusing multiple Dewey leaders—including longtime chairman Steven Davis— of committing

Buyer Of Bankrupt Saab Aims At Electric Cars For China

Per http://globalinsolvency.com: Thu., June 14, 2012 A Chinese-born Swedish investor with Japanese support has agreed to buy bankrupt automaker Saab Automobile and plans to bring it back to life as a maker of electric cars, with an initial focus on

Goldman Sachs May Sell A Hedge Fund Division To State Street

Per Bloomberg: By Christine Harper and Ambereen Choudhury - Jun 11, 2012 6:26 AM ET Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, is in talks to sell its hedge-fund administration unit to State Street Corp. (STT), according

Introduction

Thanks for taking the time to check out a blog whose topic probably seems boring and depressing to a lot of people. My goal here is to show that bankruptcy can actually be very practical and interesting, and for many people it instills a sense of

Introduction

Thanks for taking the time to check out a blog whose topic probably seems boring and depressing to a lot of people. My goal here is to show that bankruptcy can actually be very practical and interesting, and for many people it instills a sense of

Sir Allen Stanford's maximum sentence could top Bernard Madoff's

Sir Allen Stanford, who was convicted earlier this year, could be sentenced by a Houston federal court to up to 230 years in prison and be held personally liable for $5.9 billion, according to the San Antonio Express. On paper, this would top Bernard

Today in Bankruptcy – 6-13-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 13, 2012. ResCap Offers Loan Investors $8.7 Billion Bankruptcy Claim Bankrupt Saab Purchased, Will Focus on Electric Cars Vitro’s Mexican

The Dewey Bankruptcy: Pot Shots and Finger-Wagging

By Jennifer Smith Getty Images After a week or so of motions, objections and behind-the-scenes wrangling, a hearing Wednesday afternoon in federal bankruptcy court will set the stage for the next phase in the wind-down of failed New York law firm

Why Ask Why?

Any parent who’s lived through the terrible 2′s knows the appeal, and the annoyance, of the question “why”. Life, to a two year old, is a series of interconnected questions. Why are things this way? Why? The centrality of that question to bankruptcy

Judge Puts Out Marijuana Grower’s Chapter 11 Case

Associated Press/Howard County Police Department A medical marijuana grower’s inert bankruptcy case has been kicked out of court by a Colorado judge. After 42 days of waiting for company executives at CGO Enterprises LLC to explain their

How Do I Answer a Debt Lawsuit?

Getting a summons and learning you are being sued can be overwhelming and confusing when you are unsure what your next course of action should be. You have the option of seeking legal assistance to help you resolve the matter. In answering the

Majority Support for a Proposal on Political Contributions

Being an election year, it’s no surprise that the most prolific type of shareholder proposal this season asked for disclosure and oversight of political contributions and lobbying expenses. ISS reports that over 100 such proposals were filed. The

Majority Support for a Proposal on Political Contributions

Being an election year, it’s no surprise that the most prolific type of shareholder proposal this season asked for disclosure and oversight of political contributions and lobbying expenses. ISS reports that over 100 such proposals were filed. The

Why Do Lenders Disdain Bankruptcy Court? 2 Cases Show “Why” and Offer Lessons

Two recent cases are good examples of “why” secured lenders, who hold liens on real property, correctly view bankruptcy court as a very, very, very bad place. One case has received a lot of attention, including an appeal of the decision and state