Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

10-18: 1TMA New York NextGen/Young Professionals Present

TMA NY NextGen: “Building a Successful Career…Tips From the Titans” October 18, 2011 – 7:30 am – 10:30 am The Cornell Club of NYC 6 East 44th Street (between Madison & Fifth Avenues) Weil partner, Harvey Miller, will be a featured panelist for this

Stickney Bankruptcy Law & Finding The Right Attorney

Link Bankruptcy is something that can be learned over time as an attorney. However, you pretty much have to experience different types of cases, different types of trustees and different types of judges before you can really feel comfortable giving

Hazel Crest Bankruptcy Lawyer On Filing Requirements

Link As far as requirements that go along with filing bankruptcy, there is also a two hour financial management requirement, where a debtor must complete a two hour financial management class prior to the case being discharged, but it must be taken

Borders Stores to Stay Open…Overseas

Bloomberg News Pedestrians pass the Borders Group Inc. flagship store in Ann Arbor, Mich., which closed for good earlier this month. The liquidators of Borders Group Inc.’s stores are working hard to empty the failed bookseller’s florescent-lit

Lenders Beware: Delaware Supreme Court Holds Creditors of Insolvent LLC Lack Derivative Standing

The Delaware Supreme Court recently held that creditors lack standing to bring a derivative suit on behalf of an insolvent Delaware limited liability company (an “ LLC”) under the Delaware Limited Liability Company Act (the “ LLC Act”). CML V, LLC v

Scottish Maker of Toffee Bars Goes Into Administration

A maker of sweet treats for Scots may face a sour fate. Confectioner New McCowans Ltd., which makes Highland Toffee bars, Wham chew bars and Bonbons chewy candies, has gone into administration, according to the BBC. In the U.K., a company that goes

Park City Bankruptcy Attorney On Being Successful

Link One of the keys to being a successful bankruptcy attorney is providing exceptional advice to bankruptcy clients so that their case runs smoothly. To have a case run smoothly, a lot of – a lot of things have to line up in you and your attorney’s

Chuck Greenberg interested in Stars bid, lawyer tells court

"Former Texas Rangers CEO Chuck Greenberg is interested in bidding for the bankrupt Dallas Stars of the National Hockey League, a lawyer said in a Delaware court Monday, according to a Bloomberg news report. Greenberg is part of Texas Hockey...

Solyndra Execs To Plead 5th At House Hearing

"Two top executives at a bankrupt California solar energy company say they will invoke their Fifth Amendment rights and refuse to answer questions when they appear at a House hearing on Friday." Read more here.

Real Housewives Hubby Joe Giudice Withdraws Bankruptcy Filing

"It looks like Joe Giudice is going to deal with his debts, after all. At least, that's the impression he's giving. Nearly a year after Real Housewives of New Jersey reality star Teresa Giudice and her husband both filed for...

Ms. Ps and Qs: Prof. Nancy Rapoport

Ask Ms. Ps and Qs* By Nancy Rapoport, on September 11th, 2011 Beware the bankruptcy lawyer wanna-bes. My hubby, who's also a lawyer, recently forwarded me an email that began with these two rather optimistic lines: You May Not Have...

For-Profit College Student Loans Should Be Dischargeable In Bankruptcy

According to a report released by the U.S. Department of Education, nearly half of student loan defaults come from for-profit colleges. Many for-profit schools receive up to 80 percent of their revenue from student loans; but their dropout rates are

Falling SAT Scores & The Future of the Economy

The College Board announced this week that SAT scores among U.S. high school students dropped from last year. While the decrease may not seem significant (the average reading score fell three points, writing fell two points, and math dropped by one)

Sloppiness Does Not Equal Vexatiousness or Bad Faith

Dealing with mortgage servicers can be frustrating. Sometimes it is difficult or impossible to get a clean chain of title or a good accounting. In a new opinion by Judge Stacey Jernigan, the Court was faced with a request for fees incurred by a

Link, Like, Love Lexis®!

We're always looking for feedback from our community members. For instance: What do you like most about us? Think we need to do something different? Or do you like us just the way we are? Whatever the case may be...we want to hear from YOU! We know

A Debtor Must Obtain Relief from the Automatic Stay Before Seeking to Equitably Subordinate Another Debtor’s Secured Claims Against Its Estate

Weil secured a complete victory for Lehman Commercial Paper Inc. (“LCPI”) in the Ninth Circuit in a matter that has significant implications regarding the scope of an automatic stay imposed by section 362(a) of the Bankruptcy Code. Section 362(a)

Understanding The Bankruptcy Discharge

The bankruptcy discharge is the most powerful tool available to debtors. The bankruptcy discharge in essence is debt forgiveness and that forgiveness applies to mostly unsecured debts. Let’s take a closer look at how the bankruptcy discharge works

The Daily Docket: Judge Rejects Barnes Bay’s Chapter 11 Plan

A bankruptcy judge on Tuesday rejected Barnes Bay Development Ltd.’s Chapter 11 plan, wiping out the claims of dozens of wealthy individuals who plunked down money to buy vacation homes at its Caribbean luxury resort. Read the Daily Bankruptcy Review

10-25: TMA Annual Convention

Weil partner Ronit Berkovich will serve as a Moderator at the 2011 Turnaround Management Association’s Annual convention. October 25-27, 2011 San Diego, California-Hilton San Diego Bayfront The TMA Annual Convention provides three days of invaluable

Gary Retelny Talks to Us as the Newly Appointed President of ISS

MSCI, the parent company of ISS, recently announced that Gary Retelny, a member of MSCI’s Executive Committee and its Corporate Secretary, has been appointed President of ISS. As ISS is clearly an influential force in corporate governance