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

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Who's on the Hook for Europe's Losses, and for How Much?

Banks and governments have not been required to account for the way in which, when important firms fall deeper into distress, implicit and explicit taxpayer guarantees absorb much of the markdowns that would otherwise have to occur.

Collecting a Small Claims Judgment

Congratulations! You’ve won your small claims case, but now it’s time to collect that judgment, which can be an even bigger battle. The courts typically are done once they issue a judgment, which means you’ve got to figure out how to collect. A local

Curt Schilling's Video-Game Company Files for Bankruptcy

Per the American Bankruptcy Institute's Newsroom: June 8, 2012 The video-game company founded by former Boston Red Sox pitcher Curt Schilling filed for bankruptcy after firing employees in Rhode Island, where it operated with help from $75 million in

The Daily Docket: Schilling’s 38 Studios Enters Bankruptcy

Former Boston Red Sox pitcher Curt Schilling’s videogame company, 38 Studios LLC, filed for Chapter 7 bankruptcy liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal. A former International Monetary Fund economist said

A Dollar Today Is Worth More Than a Dollar Tomorrow and Other Lessons on “Indubitable Equivalence”

In our recent entry on the Supreme Court’s RadLAX decision, we described the (failed) attempt by certain debtors to “cram down” their plan, which proposed to sell assets free and clear of secured creditors’ liens, on certain of their secured lenders

NY Times Column Criticizing Madoff Trustee Flawed on Many Levels

A recent New York Times article by Andrew Ross Sorkin severely and unfairly criticizes Irving Picard, the trustee for the Bernard L. Madoff Ponzi scheme. It states, "Mr. Picard has had much more success collecting money for himself and a dozen law

How to Prepare for a Euro Crash

If one or more countries exit the euro, operations and technology departments of global investment managers will be faced with fundamental changes to core processing systems.

Completing a Bankruptcy Petition

When filing for bankruptcy a petition must be filed. If the debtor has an attorney the attorney generally fills out the petition based on information provided by the client. The attorney will then meet with the client to have the individual(s) review

Completing a Bankruptcy Petition

When filing for bankruptcy a petition must be filed.  If the debtor has an attorney the attorney generally fills out the petition based on information provided by the client.  The attorney will then meet with the client to have the individual(s)

A Review of the Court Ruling Denying Delay of Chesapeake's Annual Meeting

A lot has already been written about the controversy surrounding Chesapeake's governance and its annual meeting taking place today, but since it is unusual for shareholders to litigate in order to delay an annual meeting with routine ballot items

A Review of the Court Ruling Denying Delay of Chesapeake's Annual Meeting

A lot has already been written about the controversy surrounding Chesapeake's governance and its annual meeting taking place today, but since it is unusual for shareholders to litigate in order to delay an annual meeting with routine ballot items

Stopping a Wage Garnishment by Filing Bankruptcy in San Jose

Every individual who files personal bankruptcy, whether Chapter 7 or Chapter 13, gets immediate protection from the collection efforts of his creditors. This immediate protection is the Automatic Stay provided in section 362 of the Bankruptcy Code

IndyMac Bank Denies Mortgage Modification Over Stupid Mistake

Written by Craig D. Robins, Esq. One of the most frustrating aspects of trying to seek a modification is dealing with the mortgagee. They will often ask for documents and then lose them numerous times. The representatives are less then helpful. The

A Review of the Court Ruling Denying Delay of Chesapeake's Annual Meeting

A lot has already been written about the controversy surrounding Chesapeake's governance and its annual meeting taking place today, but since it is unusual for shareholders to litigate in order to delay an annual meeting with routine ballot items

A Review of the Court Ruling Denying Delay of Chesapeake's Annual Meeting

A lot has already been written about the controversy surrounding Chesapeake's governance and its annual meeting taking place today, but since it is unusual for shareholders to litigate in order to delay an annual meeting with routine ballot items

Bankruptcy And Education

Knowledge is Power. Bankruptcy and education should walk hand in hand but many times they do not, unfortunately. I have spent a very long day today meeting new clients, educating other clients on their discharge and preparing for a lecture I have in

Financial Innovators Can Find Inspiration in Bay Area

I urge travelers to San Francisco to take a tour and visit some of the many startups, disruptors and success stories in the area.

Today in Bankruptcy – 6-7-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 7, 2012. Tribune Co. Edges Closer to Bankruptcy Court Exit Solar Panel Maker Konarka Technologies Files for Bankruptcy Chinese and

So Long, Peter Nero?

Associated Press/Philadelphia Inquirer Peter Nero in April 2011 The Philadelphia Orchestra Association is in the final stages of its Chapter 11 case after hashing out a new labor deal and coming to a lease agreement with the Kimmel Center. So far

Morris James Bankruptcy Partners Miller, Fallon and Kunz Recognized as Leaders in Their Field by 2012 Chambers USA

The publishers of Chambers USA: America’s Leading Lawyers for Business (“Chambers”) today launched the 2012 Client’s Guide. Morris James partners, Stephen M. Miller, Brett D. Fallon and Carl (“Chuck”) N. Kunz, III, have again been recognized by