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

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Allied Systems Holdings Files Another Chapter 11 Petition...One Week After Prior Chapter 11 Ends.

Allied Holdings, Inc. and related entities , based in Decatur, Georgia, filed Chapter 11 petitions in the Northern District of Georgia on July 31, 2005 (Ch. 11 Case No. 05-12515). Their Joint Plan of Reorganization was confirmed on May 18, 2007. The

Election Results Will Be Guaranteed Sweep for Dimon

In a presidential campaign focused on who destroyed the most jobs and caused the most misery, why would both candidates take time out to praise Jamie?

Rolling Meadows Bankruptcy Attorney On The Role Of The Attorney

Your Rolling Meadows bankruptcy attorney for Chapter 13 is going to help you from start to finish in your bankruptcy case. The most important thing that attorney is going to do is devise a plan and prepare the documentation and advise you on what you

Joliet Bankruptcy Attorney Claims That Debtor Can Discontinue With Chapter 13

According to Joliet bankruptcy attorney David Siegel, Chapter 13 is a voluntary case. In that regard, the debtor has decided to file the bankruptcy case on their own. The creditors have not forced them into a Chapter 13. Because Chapter 13 is a

Bankruptcy: Avoid the Fights!

Bankruptcy is not an adversary process between the debtor and the trustee. It should be more of a cooperative arrangement. After all, the debtor needs the trustee to administer (or abandon) assets and to keep the creditors out of the way; and the

UK Wants Safeguards If Euro Zone Forges Bank Union

Per http://globalinsolvency.com: Britain will demand safeguards to protect its financial sector if the euro zone forms a banking union, its finance minister said on Thursday, placing another obstacle in front of the European Central Bank's efforts to

Arcapita Bank: Access to Information

A Stipulation and Agreed Order between Arcapita and its Official Committee of Unsecured Creditors, approved by the Bankruptcy Court last week, sets up procedures creditors can use to access information related to Arcapita's Chapter 11 cases

MF Global: Where Proceedings Are And Where They Are Going

Not long after MF Global collapsed, it became clear that a US/UK brawl would break out concerning whether MF Global's U.S. customers could establish entitlement to $700 million in funds in MF Global UK's administration. That brawl in playing out in

Chapter 11 Fees Go Mainstream

The NY Times has an editorial this morning on the UST's proposed fee guidlines.

Most of us

Most of us have interviewed for jobs: as the interviewee, you come prepared to answer questions and make a pitch why you’re right for the job. Pressure’s on the interviewee, to make the right impression, to get the important facts into the

No stalking horse for Kodak IP

We read with interest today an article that stated Kodak has been unable to find a stalking horse for the auction of its IP portfolio. According to the article, Kodak’s 1,100 patents are worth $2.6 billion. This is not the first setback Kodak has had

Life Estates and Remainder Interests Are Exempt in Bankruptcy Cases

United States District Court, In Case of First Impression, Permits Homestead Exemption to be Used to Protect Future Interests in Real Estate Used as a Home Written by Craig D. Robins, Esq. Many senior citizens, as part of an elder-law planning

Massachusetts Bankruptcy - What Not To Do!

In a case that came down from the Bankruptcy Court recently, Judge Hoffman's decision should be a reminder to all Massachusetts bankruptcy petitioners that, first and foremost, you must be 100% honest on your Massachusetts bankruptcy petition and

Today in Bankruptcy – 6-8-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 8, 2012. Ex-Pitcher Schilling’s Video-Game Company Files for Bankruptcy Houston Small Business Bankruptcies On The Rise Apple Moves to

The Broke and the Beautiful: Danielle Staub Edition

This week on The Broke and the Beautiful, “Real Housewife of New Jersey” Danielle Staub isn’t lighting up the TV screens but is instead starring in her own Chapter 7 case. Also, former Boston Red Sox pitcher Curt Schilling’s videogame company may

Massive Nassau County Mortgage Fraud Drives Victims Into Bankruptcy

Written by Craig D. Robins, Esq. Victim of Identity Theft Uses Chapter 7 Bankruptcy to Put Financial Mess Behind Him We recently filed a Chapter 7 bankruptcy case for an individual who was victimized in the largest mortgage fraud and ID theft scheme


Canonized Credit-Bidding: The Supreme Court Unanimously Affirms Secured Creditor's Right to Credit-Bid at Free and Clear Sale in Plan

On May 29, 2012, the Supreme Court ruled 8-0 that a debtor could not confirm a plan over a secured creditor’s objection if the plan provided for the sale of the secured creditor’s collateral free and clear of liens, but did not provide the secured

As 'Fraudclosure' Continues, County Clerks Take Up Cudgel

"I wouldn't want to be buying a foreclosure, then have the title examiner find that a robo-signer had participated in the process," says Massachusetts' register of deeds.

Company of Former Red Sox Pitcher Curt Schilling Files Bankruptcy

A video company owned by former Boston Red Sox pitcher Curt Schilling filed for Chapter 7 bankruptcy protection this week. Schilling’s company 38 Studios obtained a loan guarantee from the state of Rhode Island in 2010; at the time it may seemed like

Swiss private bank Lombard Odier asserts that it did not recommend Madoff-related investments to customers

Genevalunch.com has been following the reaction of Swiss banks to the latest wave of lawsuits filed by the Madoff Trustee. Lombard Odier, for one, asserts that it did not recommend to its customers investments directly with Bernard L. Madoff