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

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Deal Closes Book on Dodgers’ ‘Next 50’ Project

Associated Press Dodger Stadium Believe it or not, there was a time when the Los Angeles Dodgers organization thought it could sell fans the idea that coming to Dodger Stadium for the next 50 years could be as great as the first 50. The 2009 season

Big-Bank CEOs Go a Bridge Too Far by Offering Legal Opinions

There's a difference between projecting confidence and ignoring risk. In their public handicapping of mortgage litigation, bank executives have done the latter.

How Can I File Bankruptcy if I am Unemployed?

Being in a tough financial situation can make decision making a challenging process. Unemployment often doesn’t make things any better. While many who are unemployed think it is impossible to file bankruptcy, depending on your situation it may make

Filing Bankruptcy After Taking a Cash Advance — Beware

Wr itten by Craig D. Robins, Esq. Most of my Chapter 7 bankruptcy clients have rather large amounts of credit card debt. This comes from making purchases, incurring services charges and interest, and taking cash advances. Almost all credit card debts

MBIA v. Countrywide Ruling

There's been a lot of media coverage of the recent ruling of the NY Supreme Court (that's the trial court, not the final Court of Appeals) in MBIA v. Countrywide, a suit by the monoline bond insurer against Countrywide for fraud, negligent

In or Out of Mortgage Trouble? A Study of Bankrupt Homeowners

This is a newly published paper in the American Bankruptcy Law Journal that I was lucky to work on with Daniel McCue and Eric Belsky at the Joint Center for Housing Studies at Harvard University. Using previously unexamined data in the 2007 Consumer

Bankruptcy Fundamentals: Discharge After Prior Bankruptcy Filings

Recently, I had cause to go back to re-visit some of the provisions in the Bankruptcy Code relating to when a discharge is entered. Since this is the start of a New Year, perhaps a review of some basics is in order. For a chapter 7 case, the operable

Coach Am Group Holdings Corp. Files for Chapter 11 Protection

On January 3, 2012, Coach Am Group Holdings Corp. and various affiliates (collectively, the “Debtors”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists assets between $0 to $50,000 and

On January 3, 2012, Coach Am Group Holdings Corp. and Various Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Coach Am Group Holdings Corp. Files for Chapter 11 Protection. The petition lists assets between $0 to $50,000 and liabilities between $1 million to $10 million. Chief Judge Kevin Gross has been assigned the cases, in which motions to have the cases

On January 3, 2012, Coach Am Group Holdings Corp. and Various Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Coach Am Group Holdings Corp. Files for Chapter 11 Protection. The petition lists assets between $0 to $50,000 and liabilities between $1 million to $10 million. Chief Judge Kevin Gross has been assigned the cases, in which motions to have the cases

Best of the Rest

Every year, I read more cases than I have time to blog about. Here are some cases that I meant to write about but didn't have the time. My inability to get to these cases is demonstrated by the fact that I am concluding my year-end clean-up on

Single-Asset Entities Beware: Bankruptcy Court Dismisses Chapter 11 Petition Filed By Single Asset Limited Liability Company

Although not granted frequently in chapter 11 cases, a motion to dismiss a chapter 11 petition is not to be taken lightly. JER/Jameson Mezz Borrower II, LLC (Mezz II) learned this lesson all too well when its chapter 11 petition was dismissed with

Freeh Files New MF Global Creditors List

Associated Press Louis Freeh Louis Freeh, the former Federal Bureau of Investigation director overseeing MF Global Holdings Ltd., has filed an updated list of the holding company’s top 50 unsecured creditors. Freeh was named trustee of the holding

Massachusetts Chapter 13 Bankruptcy Update

After practicing bankruptcy in Boston for over 25 years, we often get asked questions about Chapter 13 bankruptcy. We focus mostly on Boston Chapter 7 bankruptcy cases. One important advantage of the Massachusetts Chapter 13 bankruptcy is that it

Bankruptcy Courts Turn to Online Chats to Guide Users

A new trend in the Southwest suggests that the country’s bankruptcy courts are finally taking advantage of technology that many other industries have already adopted: online chat forums. Sources note that bankruptcy courts in Arizona, New Mexico and

The CFPB Gets a Director

The CFPB is finally getting a Director, which enables it to exercise its full range of powers. It's good to see this Administration show some backbone. Better late than never, I guess, and Rich Cordray is a great pick. While this is a step forward, I

The Daily Docket: Lehman Exec Blasts Possible Zell Stake In Archstone

A Sam Zell acquisition of a stake in the Archstone apartment company would create a “contentious partnership” that would “inevitably impair the value of Archstone,” a Lehman Brothers Holdings Inc. real-estate executive said in court papers last week

New Maryland Rules Require More Proof in Debt Collection Cases

When a debt collection company or buyer shows up in District Court, they are usually just going by a person’s name, last known address and Social Security number to obtain a judgment against that person. Reacting to a flood...

Advantages and Disadvantages of a Prenuptial Agreement in Divorce

In the United States a premarital agreement, also known as a prenuptial agreement, is an agreement made between each spouse before marriage. While most property and assets acquired before marriage are protected by such agreement in divorce, it may or

Trident Microsystems, Inc. Files for Chapter 11 Protection

On January 4, 2012, Trident Microsystems, Inc. and Trident Microsystems (Far East) Ltd. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists assets between $100 million and $500 million and