ABI Blog Exchange

Statistics Show Decrease in Small Business Bankruptcies

The latest numbers from Equifax, a credit rating organization based in Atlanta, Georgia, show that small business bankruptcy filings decreased in the first quarter of 2011 compared to the same period in 2010. Down 15 percent from last year, the first

The Only Things Certain in Life: Death, Taxes, and…the Finality of Foreclosure Sales?

The United States Bankruptcy Court for the Northern District of Texas, in Whittle Dev., Inc. v. Branch Banking & Trust Co. (In re Whittle Dev., Inc.), recently held that a trustee or debtor in possession can avoid a prepetition foreclosure sale of a

The Daily Docket: Lehman Plan Clears Hurdle

A judge Tuesday said creditors can vote on Lehman Brothers Holdings Inc.’s historic $65 billion creditor payback plan, nearly three years after the investment bank filed for Chapter 11 protection in the largest bankruptcy case ever. Read the Daily

Deb Shops (DSI Holdings,Inc.) Finds No Other Bidders, Cancels Auction

Nevada AG: Securitization Fail

The Nevada AG is looking to reopen the 2008 AG settlement with BoA: the AG alleges rampant and immediate non-compliance with the settlement. The NYT coverage missed what is arguably the bigger story: the Nevada AG came out and alleged a

Qualteq Bankruptcy Update: First Day Orders Entered, Creditors' Committee Appointed

Bankruptcy Court Sets Schedule for Consideration of Motion to Remove Waste2Energy's Management

Start charging to re-establish credit

By paying off your credit cards, you must restart your credit for lenders to OK a new loan.

How to get federal disaster assistance

When a natural disaster hits, make sure you get the help you need.

8 tax breaks that cost Treasury trillions

As Congress tries to reduce the deficit, your favorite tax breaks may be on the chopping block.

Putting foreign taxes to domestic use

If you paid foreign taxes, you have a choice as how to use them to cut your U.S. tax bill.

Invest in mutual fund on long-term goals?

Some investments build value too slowly to meet long-term goals, but not mutual funds.

Bedbug insurance helps businesses sleep tight

Looking for home bedbug insurance? It's hard to find, but at least your hotel is covered.

What's on sale in September?

As summer ends, Labor Day sales begin. Here are six bargains you'll find this month.

6 questions about Medicare Advantage plans

Not sure if a Medicare Advantage plan is right for you or which plan to choose? Consider these tips.

The best industries for paid internships

Some industries are swimming in paid internships. Find out which ones before you start your search.

Cures for the Layoff Hangover

The manner in which a bank deals with its employees in the aftermath of a layoff can be just as important as the manner in which the layoff itself was conducted.

Will You Lose Your Jewelry if You File Chapter 7?

Usually, when I meet with a prospective bankruptcy client, the first question I get is “how long will it take me to recover after filing bankruptcy” and the second question I get is “will I have to give up my personal items like furniture and jewelry

Motion To Dismiss Granted For Failing To Adequately Plead Causes Of Action

In re: DBSI, Inc., Case No. 08-12687 (PJW); Zazzali v. Wavetronix LLC, et al., Adv. Case No. 10-55963 (March 4, 2011) (J.Walsh) The trustees of the DBSI Estate Trust and the DBSI Litigation Trust (collectively, the Trustees) filed counts, set forth

Motion to Dismiss Granted as to Preferential Transfer Claims, Fraudulent Transfer Claims, Aiding and Abetting Claims Against Individual Director, Disallowance of Claims, and Claims for Recharacterization and Disgorgement

Burtch v. Huston ( In re USDigital, Inc.), Case No. 09-10374 (CSS), Adv. Pro. No. 09-50469 (CSS) (January 5, 2011) (J. Sontchi) On March 26, 2007 (the “Petition Date”), USDigital filed a voluntary Chapter 7 petition, subsequent to which Jeoffrey L