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

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Real Housewives Star Danielle Staub Files Chapter 7 Bankruptcy

Danielle Staub filed for Chapter 7 bankruptcy protection in late May, according to reports from The Record newspaper. Staub is a former cast member of the reality series “Real Housewives of New Jersey.” Court documents filed in Newark show Staub has

Bar Date Notice Sent to Improper Address Still Reasonably Calculated to Apprise Creditor of Proof of Claim Deadline

In re Freedom Communications Holding, Inc. et al. , Case No. 09-13046 (BLS) (May 31, 2012) (J. Shannon) The claim of Katherine Gibson, an ex-employee of the debtor, was deemed tardily-filed that required classification as a subordinate claim under

Company Founded by Former Baseball Pitcher Curt Schilling Files for Bankruptcy

WILMINGTON, Del. - (Mealey's) The video game company founded by former Major League Baseball pitcher Curt Schilling filed for Chapter 7 bankruptcy on June 7 in the U.S. Bankruptcy Court for the District of Delaware, listing $ 150 million in debt

Make Banks Responsible for Their Own Problems

The Basel III capital requirements must be applied consistently across borders. It'll do a lot more to deter reckless risk-taking than micromanaging banks through measures like the Volcker Rule.

Will Lindsay Lohan File Bankruptcy? What About the Crash and Lies?

Written by Craig D. Robins, Esq. Lindsay has been getting into one mess after another and the drama continues this week for the young actress following her crash this past Friday on the Pacific Coast Highway. One can’t help but wonder what

Today in Bankruptcy – 6-11-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 11, 2012. Bankrupt Roomstore retailer selling assets The Daily Docket: Tribune Creditors Look at Post-Bankruptcy Litigation PBG files for

Right

Blackstone on Chase, via Bloomberg: “Occasional losses are inevitable,” said Blackstone Group LP’s Stephen A. Schwarzman, 65, CEO of the largest private- equity firm. “Publicly excoriating JPMorgan serves no purpose except to reduce people’s

Workers Say World Trade Steel Supplier’s Survival on the Line

Associated Press Steel from Wheeling Corrugated has been used to rebuild the World Trade Center site. Employees of a West Virginia steel company whose products have been used in such feats of engineering as the Hoover Dam and the rebuilding of Ground

Making Banks Boring

Bloomberg has an editorial arguing that making banks boring won't prevent a crisis; only increasing bank capital will do so. To the extent that its big point is that banks will suffer during an economic downturn and the only protection against that

U.S. Department of Justice is trying to "make the opaque world of bankruptcies more transparent and make law firms more accountable."

Per a New York Times editorial published over the weekend: EDITORIAL The Trouble With Bankruptcy Lawyers Published: June 9, 2012 Bankruptcy lawyers moved to the top tier of corporate practice in 1978 when a federal statute allowed them to be paid top

Medical Debt: How Creditors are Invading Hospital Rooms

Being in debt is always a vulnerable feeling. It’s as if your life belongs to someone else, and peace of mind becomes a luxury in those circumstances. Debt collectors seem to follow you everywhere. But there’s one place that feels sacred. No one

What You Should Consider during the Divorce Settlement Process

Some couples get so tempted to just sign the divorce settlement in a hurry just to get the process over with. Even when things look good they may not always be fair and for some, they find out after the divorce has been finalized. When making

Debt Settlements Are Uaually a Bad Option For the Client

We understand debt problems very well, and we know how to fix them.Our firm has become a Los Angeles icon, famous for providing a safe harbor to people in debt trouble for more than 30 years. Each partner at Bayer, Wishman & Leotta has been doing

Ex-NFL Running Back Jamal Lewis Files For Bankruptcy

Former NFL running back Jamal Lewis, a vital part of the 2001 Super Bowl Champion Ravens, has filed for Chapter 11 bankruptcy, according to the Baltimore Sun. Lewis was the 5 th overall pick in the 2000 draft and is the Baltimore Ravens all-time

It’s Not Whether You Win or Lose – Texas Bankruptcy Court Holds that Professionals Provide a “Material Benefit to the Estate” Even Where Their Efforts Were Ultimately Unsuccessful

The United States Bankruptcy Court for the Southern District of Texas has provided bankruptcy lawyers with additional guidance on whether they can be paid in situations where their efforts don’t result a win for the debtor’s estate. In light of the

Chinese Carmaker Youngman Ups Bid For Saab

Per http://globalinsolvency.com: Mon., June 11, 2012 Chinese auto firm Zhejiang Youngman Lotus Automobile has made an improved 5 billion crown ($700 million) bid for bankrupt carmaker Saab, Swedish media reported on Friday, Reuters reported. Daily

The Daily Docket: Tribune Creditors Look at Post-Bankruptcy Litigation

As Tribune Co. closes in on confirmation of its Chapter 11 plan, attention has turned to the big-ticket litigation over the failed leveraged buyout that drove the media company to bankruptcy more than three years ago. Read the Daily Bankruptcy Review

Credit Default Swaps: Market or Mud Pit?

True markets are transparent, competitive, regulated and fair. None of these adjectives accurately describes the CDS business.

Maintaining Your Foreclosure Home

For a homeowner who is facing a foreclosure, it does not come to a surprise that they may end up residing in their home for months or even years before ever even receiving their first eviction notice. Although they may know that it is coming, in the

Chapter 7 Bankruptcy Debtors Face Eviction From Upside Down Homestead As Investors Circle Above

As the real estate market begins its recovery some real estate investors are showing an interest in acquiring houses involved in bankruptcy. One of my clients filed a joint Chapter 7 bankruptcy and indicated he would surrender his interest in...