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

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Temporary Bankruptcy Judgeships Reauthorized

This month, Congress finally passed the Temporary Bankruptcy Judgeship Extension Act of 2011 (H.R. 1021 and S. 1821) (the “Extension Act”) and on May 25, 2012, President Obama signed the Extension Act into law. The law will go into effect on November

Temporary Bankruptcy Judgeships Reauthorized

This month, Congress finally passed the Temporary Bankruptcy Judgeship Extension Act of 2011 (H.R. 1021 and S. 1821) (the “Extension Act”) and on May 25, 2012, President Obama signed the Extension Act into law. The law will go into effect on November

Temporary Bankruptcy Judgeships Reauthorized

This month, Congress finally passed the Temporary Bankruptcy Judgeship Extension Act of 2011 (H.R. 1021 and S. 1821) (the “Extension Act”) and on May 25, 2012, President Obama signed the Extension Act into law. The law will go into effect on November

The Daily Docket: Justice Dept. Takes Aim at Bankruptcy Fees

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review story here

Fed’s New “Market Risk” Rule on Regulatory Capital for Banks Expected Soon: how will it impact liquidity for commercial real estate?

Answer: badly. The Federal Reserve’s new rule on regulatory capital requirements for banks will be announced in the next couple of days. It probably will mean less money for commercial real estate. The scope of this new rule will help the banks (by


11th Circuit: Bankruptcy Court Has No Jurisdiction To Determine Whether Debt Was Discharged In Case Litigated In A Bankruptcy Court In Another District

Alderwood Group, Inc., et al v. Garcia, et al., No. 10-14726 (11th Cir. May 30, 2012) ( click here for .pdf of opinion). The Creditor/Plaintiffs asserted class action tort claims in 2008 against the Debtor/Defendants in Florida state court for

Arcapita Bank: precedent?

It seems Shari'ah compliant structures have been before a U.S. bankruptcy court at least once before Arcapita filed its chapter 11 proceedings. See http://www.compasscayman.com/journal/2010/01/06/The-untested-waters-of-…

Why Owing More May Help You In Bankruptcy

This may seem counter-intuitive, but owing more on your home mortgage can actually be a godsend in wither a Chapter 7 or Chapter 13 bankruptcy. In a Chapter 7 bankruptcy, the Chapter 7 trustee is an individual appointed by the U.S. Trustee to

Learn How to Select a Good & Competent Chapter 13 Attorney in California

Selecting a good and competent chapter 13 California bankruptcy attorney is not always easy. You have to find someone you trust, yet that attorney must also be competent at what he or she does. One characteristic without the other will not take you

Massachusetts Personal Bankruptcies Down

While the statistics from the United States Bankruptcy Courts are encouraging, it is not completely clear if the number of personal bankruptcies are down because there is less financial distress, or, because the folks that have not filed, but need to

Today in Bankruptcy – 6-4-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 4, 2012. Vitro Confronts Bondholders In Bid To Enforce Bankruptcy Plan The Daily Docket: Justice Department Presses Attorneys to Justify

Question to Readers on the Occasion of the One Year Anniversary of The Center of Main Interest (The COMI)

Today marks the one year anniversary of The Center of Main Interest (The COMI). Thanks to thousands of readers all over the World for contributing to the success of the mission of The COMI, which is to heighten transparency in the cross-border

Question to Readers on the Occasion of the One Year Anniversary of The Center of Main Interest (The COMI)

Today marks the one year anniversary of The Center of Main Interest (The COMI). Thanks to thousands of readers all over the World for contributing to the success of the mission of The COMI, which is to heighten transparency in the cross-border

Filing For Bankruptcy Again? Watch Out For These Pitfalls!

If you’re back in debt after a bankruptcy, you’re not alone. With millions of people having gone through the bankruptcy system in the past decade or so, it’s inevitable that at least some will find themselves back in tough times. Add to that the

Dewey Bankruptcy Docket Report: Next Up, Stephen DiCarmine

By Jennifer Smith Reuters Now that Dewey & LeBoeuf LLP has landed in bankruptcy court, the team winding down the firm’s estate is busy scouring for money to pay off some $315 million of debt–and the parade of creditors who say they are owed money by

Bank Branches' Role Shrinks as Their Target Market Expands

When customers needed to access a branch weekly, the difference between being 5 minutes away and 20 minutes away from them was indeed a big deal. It is becoming less important by the day.

Director Elections in Focus

It is an unusual annual meeting where Justin Timberlake acts as the Master of Ceremonies and Taylor Swift, Celine Dion, Lionel Ritchie and others perform for over 14,000, mostly employees, in attendance. But the focus at Wal-Mart’s meeting was

Director Elections in Focus

It is an unusual annual meeting where Justin Timberlake acts as the Master of Ceremonies and Taylor Swift, Celine Dion, Lionel Ritchie and others perform for over 14,000, mostly employees, in attendance. But the focus at Wal-Mart’s meeting was

Dimon's Seat on the NY Fed Board: Too Connected to Regulate

A significant reason Chase can't be regulated effectively is that its size, amplified by Jamie's loud voice, puts it above and beyond the reach of regulators.

Colorado Farm Connected to Listeria Outbreak Files for Bankruptcy Protection

Jensen Farms of Holly, Colorado known for being linked to the listeria outbreak in 2011 that killed more than 30 people, filed for Chapter 11 bankruptcy in Denver. The farm filed for protection after receiving several wrongful death lawsuits