ABI Blog Exchange

Bankruptcy Filings Drop for 13th Consecutive Month

On a year-over-year basis, the U.S. bankruptcy filing rate dropped for the 13th consecutive month in November. According to statistics from Epiq Systems, Inc., the November daily bankruptcy filing rate was 4,923, a decline of 12.5% from one year ago

Bankruptcy Filing Made Simple- A Bankruptcy Guide for Every State

I have written a series of filing for bankruptcy guides. Right now, they are exclusively on Amazon for Kindle. While the Road Out of Debt works your way out of debt through different means and places bankruptcy as a backstop, I thought a simple guide

Start-Ups Bring Needed Disruption to Banking

Nonbank start-ups are shaking things up by doing what banks don't, but partnerships with financial institutions are often necessary to deliver the broad range of new services to a national customer base.

Glass Lewis Talks About Say-on-Pay and Updates to Voting Policies

During its 2012 North American Proxy Season review, proxy advisory services firm Glass Lewis looked back to the 2011 proxy season and also gave insights as to what we can expect from them in 2012. Highlights included: Contact Ning Chiu.

Glass Lewis Talks About Say-on-Pay and Updates to Voting Policies

During its 2012 North American Proxy Season review, proxy advisory services firm Glass Lewis looked back to the 2011 proxy season and also gave insights as to what we can expect from them in 2012. Highlights included: Contact Ning Chiu.

Redemption In Chapter 7 Bankruptcy

In Chapter 7 bankruptcy a debtor may have an opportunity to redeem some personal property. Redemption is not reaffirmation; but is similar in that the debtor gets to keep secured property in bankruptcy. Let’s take a closer look at redemption in

Retiring Debt May Now Be the Only Way to Raise Capital

Expect more debt exchanges and cash tender offers in the coming months. The strategy is rational and the alternatives for generating equity are limited at best.

New Debate Published in the Texas Law Review

Dear Mr. Hayes: You may be interested in a new debate published today in the Texas Law Review and its online companion publication, See Also, concerning whether Chapter 13 is merely a "pretend solution" warranting wholesale reform. Professor

The Cost Of Chapter 13 Bankruptcy

When filing for Chapter 13 bankruptcy, most debtors are concerned about how much it will cost them. Below is a breakdown of what Chapter 13 bankruptcy can cost a debtor: Monthly Creditor Payments The monthly payments required to pay off debt is the

Massachusetts Foreclosures, Credit Scores, and Bankruptcy

As a Massachusetts bankruptcy lawyer, clients, or potential clients, who are facing the prospect of foreclosure, often consult us. They want to know their rights and what options they have. Usually they want to keep their home. And they can often do

The Euro Stops ... Where, Exactly?

If every sovereign using the euro is going to be treated as too big or too indispensable or too pampered to fail, then why should they ever pay?

Montana Blogger Tagged for Big Defamation Damages in Suit by Trustee

A Montana blogger has learned that First Amendment freedoms do not extend to saying that a bankruptcy trustee is "guilty of Fraud, Deceit on the Government, Illegal Activity, Money Laundering, Defamation, Harassment" among other things. In Obsidian

We get a chapter 11 case!

The Supreme Court has granted cert. in RadLAX Gateway Hotel, LLC, a case involving the right to credit bid when a sale is done as part of a chapter 11 plan. The Code clearly allows credit bidding in 363 sales, but the courts had split on the issue in

Glass Lewis Talks About Say-on-Pay and Updates to Voting Policies

During its 2012 North American Proxy Season review, proxy advisory services firm Glass Lewis looked back to the 2011 proxy season and also gave insights as to what we can expect from them in 2012. Highlights included: Say-on-Pay. Glass Lewis

Glass Lewis Talks About Say-on-Pay and Updates to Voting Policies

During its 2012 North American Proxy Season review, proxy advisory services firm Glass Lewis looked back to the 2011 proxy season and also gave insights as to what we can expect from them in 2012. Highlights included: Contact Ning Chiu.

Bankruptcy Rights: Allowable Post-Filing Communication From Creditors

Generally speaking, creditors do not have the right to contact a debtor after they have filed bankruptcy. Once the creditor has received notice of a debtor’s bankruptcy filing they are barred from contacting the debtor or attempting to collect on any

Receivers Beware: The “Cost” of Pursuing Assets in Ontario

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

The Daily Docket: Lee Enterprises Enters Bankruptcy

Newspaper publisher Lee Enterprises Inc. filed for Chapter 11 bankruptcy protection Monday in a bid to refinance nearly $984 million in debt that’s due to mature in the spring. Read the Daily Bankruptcy Review article here. The U.S. Department of

As Expected, Lee Enterprises Files Prepackaged Chapter 11 Cases in Delaware Sunday Night

6 reasons to go back to work after you retire

The benefits of working can outweigh the benefits of retirement in countless ways. We offer six.