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

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Waukegan Bankruptcy Lawyer’s Advice Pertaining To Chapter 13 Cases

A Chapter 13 debtor does not have to stay in the jurisdiction in which the case was filed according to Waukegan bankruptcy lawyer David Siegel. Thus, the case can continue provided the debtor complies with all of the elements of the Bankruptcy Code

Ft. Lauderdale Broward Chapter 7 and Chapter 13 Bankruptcy Lawyer

Bankruptcy Attorney Jordan E. Bublick practices Chapter 7 and Chapter 13 bankruptcy law in Ft. Lauderdale and all of Broward County, Florida. Jordan E. Bublick has been a member of the Florida Bar since 1983. Chapter 7 bankruptcy is generally used by

Chapter 11 Once Again Safe for Undersecured Lenders - Supreme Court Affirms Right to Credit Bid in RadLax

The blogosphere is buzzing about the recent United States Supreme Court ruling in RadLax. Here's a concise summary of the ruling and its implications, courtesy of Kelley Drye & Warren LLP: Chapter 11 Once Again Safe for Undersecured Lenders - Supreme

Claims Trafficking in the Madoff Liquidation

An interesting piece in Reuters this week observes, among other things: W hile claims trading is always a bet on the value of the bankrupt estate, trading in Madoff claims has become almost a pure bet on what the trustee, lawyer Irving Picard, can

Today in Bankruptcy – 6-1-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 1, 2012. RG Steel will Continue to Meet Environmental Compliance Requirements Despite Bankruptcy Dallas Based #Reddy Ice Holdings Inc

The Broke and the Beautiful: Heavy Hitters Edition

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury

Chapter 11 Once Again Safe for Undersecured Lenders - Supreme Court Affirms Right to Credit Bid in RadLax

By Ben Feder The U.S. Supreme Court today in Radlax Gateway Hotel, LLC, et al. v. Amalgamated Bank unanimously upheld the right of secured creditors to credit bid their debt upon a sale of their collateral pursuant to a nonconsensual chapter 11 plan

San Gabriel Valley Homeowners & Chapter 13 Bankruptcy – It May Be Your Best Chance For Financial Relief

If you are a San Gabriel Valley Homeowner in Southern California, Chapter 13 Bankruptcy may be an alternative you want to consider, particularly where you have 2 or more mortgage payments & your home is underwater in California. It is important to

Chamber of Commerce Asks the SEC to Review Glass Lewis

The U.S. Chamber of Commerce recently sent a letter to the SEC asking the regulator to "monitor the activities" of Glass Lewis, questioning whether the proxy advisory firm's recent vote recommendations for the 2012 Canadian Pacific Railway meeting

Chamber of Commerce Asks the SEC to Review Glass Lewis

The U.S. Chamber of Commerce recently sent a letter to the SEC asking the regulator to "monitor the activities" of Glass Lewis, questioning whether the proxy advisory firm's recent vote recommendations for the 2012 Canadian Pacific Railway meeting

Plans for Utah Resort Go Up in Flames

People in glass houses shouldn’t live near firing ranges. Unfortunately, developers trying to build the Deer Island Resort along Salt Lake City’s mountain-encrusted perimeter learned that lesson the hard way. Part of the 500-acre mountaintop where

Dodd-Frank's Say on Pay Rules Pose Triple Threat to Directors

Incensed shareholders and lawsuits triggered by failed say on pay votes aren't the half of it. Just wait until the expected M&A wave unleashes 'say on golden parachute' litigation.

Nasdaq Proposes to Expand Independence Exception for Non-Executive Family Members

The Nasdaq Stock Market has proposed to broaden the exception (in Rules 5605(c)(2)(B), 5605(d)(3) and 5605(e)(3)) that allows one non-independent director to serve on a company’s audit, compensation or nomination committee under “exceptional and

Nasdaq Proposes to Expand Independence Exception for Non-Executive Family Members

The Nasdaq Stock Market has proposed to broaden the exception (in Rules 5605(c)(2)(B), 5605(d)(3) and 5605(e)(3)) that allows one non-independent director to serve on a company’s audit, compensation or nomination committee under “exceptional and

Former NASCAR Driver Jeremy Mayfield’s Wife Files Bankruptcy

Shana Mayfield, wife of former NASCAR driver Jeremy Mayfield, filed for Chapter 7 bankruptcy protection according to reports from The Charlotte Observer. The petition filing comes after their home was foreclosed in late April. Shana claims to have

Bankruptcy as a “Safety Valve” for the U.S. Economy

I recently read an academic working paper from three professors that provided quite a bit of support for things I (and my bankruptcy-practicing colleagues) have long suspected. It’s one of those papers that are probably initially of interest only to

Chamber of Commerce Asks the SEC to Review Glass Lewis

The U.S. Chamber of Commerce recently sent a letter to the SEC asking the regulator to "monitor the activities" of Glass Lewis, questioning whether the proxy advisory firm's recent vote recommendations for the 2012 Canadian Pacific Railway meeting

Chamber of Commerce Asks the SEC to Review Glass Lewis

The U.S. Chamber of Commerce recently sent a letter to the SEC asking the regulator to "monitor the activities" of Glass Lewis, questioning whether the proxy advisory firm's recent vote recommendations for the 2012 Canadian Pacific Railway meeting

One Chapter 11 is Not Always Enough

“ If at first you don’t succeed, try, try again.” W.C. Fields Sometimes we all need a fresh start . . . or two . . . . Luckily for Deed and Note Traders LLC (DNT) the Bankruptcy Code does not prohibit serial good faith chapter 11 filings. In fact, as

Preparing for Bankruptcy: What You Should Do Before Filing

After getting a better understanding of your financial troubles and have considered alternatives, you’ve decided the best solution for your situation is to file bankruptcy. The process is an important step that can help you get the new financial