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

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Severance Compensation is “Earned” on Termination for Section 507(a)(4) Priority

By: Eric Small St. John’s Law Student American Bankruptcy Institute Law Review Staff In a case of first impression, the Fourth Circuit, in Matson v. Alarcon, held that employees terminated pre-petition “earned” their entire severance compensation

Life After A Personal Bankruptcy: What You Can Expect

Filing for a personal bankruptcy can be a major life event. After all, for six to nine months, you’re expected to provide bankruptcy courts and lawyers with all of your financial documentation. You’re constantly worried about whether or not your

Some Bank Fees Are Immoral, Others Are Merely Annoying

Fees for closing an account within a few months of opening it shouldn't be lumped in with truly abusive industry practices.

All You Need to Know About CFPB Exam Is in the Manual

The very first section of the very first topic in the CFPB's Supervision and Examination Manual goes right to the heart of the matter: the compliance obligations and potential liabilities of the board of directors.

Vaccinations and the Free Exercise Clause of the First Amendment

A mother in Queens New York is suing to overturn the New York City School System’s policy of requiring vaccinations for all students. ( New York Daily News – February 8, 2012) This is not the usual Jenny McCarthy vaccinations cause autism claptrap

$25B Mortgage Settlement Is a Joke for Wall Street's Victims

Those $1,500-$2,500 checks being sent to foreclosed-upon borrowers wouldn't cover Jamie Dimon's travel expenses to Davos.

BCBG’s Off-the-Runway Struggles

By Rachel Feintzeig and Mara Lemos Stein Reuters A model walks the runway for BCBG Max Azria during New York Fashion Week on Feb. 9. Global designer and retailer BCBG Max Azria is learning that sometimes, less really is more. The company describes

Recommended Reading

For those following financial reform: Paul Volcker dismantles the only respectable (i.e., not obviously self interested) argument against the Volcker rule.

Attorney's Misrepresentation is not Dischargeable in Massachusetts Bankruptcy

What are dischargeable debts in Massachusetts bankruptcy? In a case recently decided by Federal Bankruptcy Court of Massachusetts, the issue of an attorney's deliberate misrepresentation was considered non-dischargeable. What happened? In the case

The $25 Billion Mortgage Settlement – Scam?

The settlement announced by the Attorney Generals with the mortgage service industry has generated big headlines and created false hope of help for underwater homeowners. $25 billion dollars sure seems like a lot of money. It’s a Scam When you hear

Judge Scrubs T-Boz’s Bankruptcy

Singer T-Boz may have won several Grammys as a member of the group TLC, but she didn’t win the favor of the judge who tossed her third bankruptcy case. Court papers show the move came at the request of the trustee overseeing the bankruptcy of T-Boz

Contumacious Case of Coercion or Merely Rude? Fifth Circuit Judges Debate the Meaning of Section 523(a)(6)

The case of a former corporate officer who demanded to be bought out for an alleged ownership interest and said some really nasty things resulted in a split decision with Fifth Circuit Judges Edith Jones and Catharina Haynes on opposite sides. Matter

Winter 2012 Edition Of Bankruptcy Resource Now Available

The Winter 2012 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has recently been released. The newsletter gives updates on current developments and trends in the

Winter 2012 Edition Of Bankruptcy Resource Now Available

The Winter 2012 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has recently been released. The newsletter gives updates on current developments and trends in the

Mortgage Settlement - Not For Everyone

Hooray! We have a Mortgage Settlement - $26B worth but who gets help and where does the rest of the money go? NO ONE KNOWS yet, and no one know who is covered and will get assistance of any kind! What we do know is that the 5 major servicers, Bank of

Mortgage Settlement - Not For Everyone

Hooray! We have a Mortgage Settlement - $26B worth but who gets help and where does the rest of the money go? NO ONE KNOWS yet, and no one know who is covered and will get assistance of any kind! What we do know is that the 5 major servicers, Bank of

Mortgage Settlement - Not For Everyone

Hooray! We have a Mortgage Settlement - $26B worth but who gets help and where does the rest of the money go? NO ONE KNOWS yet, and no one know who is covered and will get assistance of any kind! What we do know is that the 5 major servicers, Bank of

When Can I File Bankruptcy Again if I Filed in the Past?

Bankruptcy has helped many debtors resolve their financial problems but some consumers tend to think that once you file bankruptcy you can’t file again. The federal government has time restrictions in place to keep consumers from abusing benefits but

Avoiding Indalex: Canadian Pension Law and Insolvency Law Collide Again

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Steven Golick and Patrick Riesterer. Steven Golick is a partner in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP, and Patrick Riesterer is an

The Daily Docket: Missing MF Global Customer Money Totals $1.6B

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here. Power plant