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

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Support Us on the Social Madness Corporate Challenge!

The Social Madness corporate challenge has kicked off, and LexisNexis is one of 60 Dayton-area companies selected to compete in this social media competition hosted by the Dayton Business Journal and its parent, American City Business Journals. The

The Daily Docket: Pemco Creditors Demand Payment

Creditors of Pemco World Air Services Inc. are demanding that the company’s majority owner, private equity firm Sun Capital Partners Inc., pay back two years’ worth of management fees. Read the DBR Small Cap article here. (Daily Bankruptcy Review and

Fixing Too Big to Fail: View from the Pews

Any rule that goes beyond the length of the Ten Commandments is unlikely to withstand the test of time or secure the fervent support of the 99 percent.

Alternatives to Bankruptcy

Many people go to extreme measure to avoid filing for bankruptcy. There are a number of alternatives that people may consider that can actually be worse in the long run than filing for bankruptcy. Below are a few examples. 1. Debt Consolidation

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

Alternatives to Bankruptcy

Many people go to extreme measure to avoid filing for bankruptcy.  There are a number of alternatives that people may consider that can actually be worse in the long run than filing for

Short Sale in Miami - The Chapter 13 Bankruptcy Way

A very hot topic in Miami is the "short sale". This usually involves a sale to another person with your mortgage company agreeing to satisfy its mortgage with a payment of less than the full amount due. A variation on the short sale is the "short

Miami, Palm Beach, Boca Raton, Broward, Plantation, and Miramar Bankruptcy Lawyer

Jordan E. Bublick is a Board Certified Consumer Bankruptcy lawyer (American Board of Certification). The law firm was established in 1985. Practice is limited to bankruptcy law.Jordan E. Bublick is a graduate of New York University School of Law (LL

Bankruptcy & the IRS

Filing for bankruptcy might be a solution to your tax problems. There are certain circumstances which allow for full or partial discharge of income taxes. In addition, in a chapter 13 you can pay the potion of the tax debt that cannot be discharged

Today in Bankruptcy – 5-31-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 30, 2012. Maryland Steelmaker RG Steel filed for Chapter 11 Bankruptcy Protection Stockton, California City Council Plans Vote on

Dewey & LeBoeuf Files For Chapter 11 Bankruptcy

NEW YORK - (Mealey's) The law firm of Dewey & LeBoeuf filed for Chapter 11 bankruptcy on May 28 in New York, listing between $100 million and $500 million in liabilities ( In re: Dewey & LeBoeuf, No. 12-12321, Chapter 11, S.D. N.Y. Bkcy.). ( Petition

Is it Literally Impossible to Pay Off a Title Loan?

I recently published a law review article entitled Grand Theft Auto Loans with Ozy Adams. It discusses title lending based upon data collected by the State of New Mexico. This article cover a tremendous amount of ground, but as these things tend to

A New Job for Risk Managers: Driving Profits

Many banks are now requiring risk managers to take into consideration how much capital is available for lending and what the return will be.

Understanding What Bankruptcy Can Do for You

Bankruptcy can help improve finances in a variety of ways, but while it is a powerful tool debtors can utilize, bankruptcy does have limitations on what debt can be discharged or eliminated. It’s important to review your options in bankruptcy

Another Brush-Maker Bites the Dust

Alphonso “A.K.” Harper and Alfred C. Fuller have a lot in common. At the turn of the century, when they were each 21 years old, the young men, one in Iowa and one in New England, started businesses selling custom brushes door-to-door. Harper

Mmm mmm (still) good! Five years later, the Third Circuit’s Decision in VFB LLC v. Campbell Soup Company Shows No Signs of Spoilage

In light of the Third Circuit’s recent decision on valuation, we here at the Weil Bankruptcy Blog thought that a brief reflection on the Third Circuit’s last definitive statement on valuation in the context of fraudulent transfer actions – VFB LLC v

Supreme Court Bids Adieu To Plans Denying Secured Creditors The Right To Credit Bid

On May 29, 2012, only a little more than a month after the April 23, 2012 oral argument in the case, the U.S. Supreme Court issued its decision in RadLAX Gateway Hotel, LLC, et al. v. Amalgamated Bank on the question of "credit bidding." You can get

Supreme Court Bids Adieu To Plans Denying Secured Creditors The Right To Credit Bid

On May 29, 2012, only a little more than a month after the April 23, 2012 oral argument in the case, the U.S. Supreme Court issued its decision in RadLAX Gateway Hotel, LLC, et al. v. Amalgamated Bank on the question of "credit bidding." You can get

Five Shortcuts To The Latest In Bankruptcy

Someone asked me the other day how I keep up on cases. I bit my tongue, since my usual sense about advance sheets and the like is that I’m horribly behind. (I’m so behind I’m talking about “advance sheets”, cases printed on paper!). Reading my email