ABI Blog Exchange

ShengdaTech, Inc. (SDTH.PK) Files for Chapter 11 Bankruptcy Protection in Nevada, Special Committee of Board Removes Officers

South Holland Bankruptcy Lawyer Illustrates Two Misconceptions About Filing

Link There is a misconception out there that if you file for bankruptcy, the whole world is going to know about it. In reality, no one is going to know about it other than you, the trustee, and the people that you owe money to. Technically, the fact

Decision in Everything But Water, LLC Requires Preference Claimants to Identify Transferees Specifically in Granting Motion to Dismiss

Summary In an 11 page decision signed June 30, 2011, Judge Walrath of the Delaware Bankruptcy Court granted a motion to dismiss, holding that a preference complaint must clearly identify the alleged preference transferee. Judge Walrath’s opinion is

Employer Can Refuse To Hire Bankruptcy Debtors

I have previously written posts on the subject of bankruptcy and employment. How bankruptcy can effect your employment depends upon whether you are concerned about a current employer or employment. The bankruptcy code clearly prohibits your present

Hospitals Get Poor Diagnosis at Roundtable

Stephanie Wickouski, Bryan Cave There have been marquee retail bankruptices in recent months while housing-related businesses continue to stagger, but panelists at this year’s DBR Roundtable focused on a less-prominent distressed industry—health care

The Broke and the Beautiful: Sports Edition

This week on The Broke and the Beautiful, sports news abounds. The estate of the late crooner Frank Sinatra wants a voice in the Los Angeles Dodgers’ future, the Texas Rangers’ former owner faces a lawsuit, and the New York Mets’ owners may need to

New Judge for Southern District of Texas – David R. Jones

A big welcome to the Southern District of Texas Bankruptcy Court’s newest Judge, David R. Jones! David will take the bench officially October 1, 2011. David is a partner in the creditors’ rights, bankruptcy and restructuring group of Porter Hedges

HUD Responds to American Banker Article on FHA Enforcement

Helen R. Kanovsky, General Counsel for the Department of Housing and Urban Development, takes issue with the way the FHA was portrayed in a recent article.

85th Annual Conference of Bankruptcy Judges

Chris Lopez will be a Panelist at the 85th Annual National Conference of Bankruptcy Judges October 12-15, 2011 Tampa, Florida Everything You Prefer to Avoid: What You Really Should Know About Transfers, Preferences and Avoidance Actions Program

Post-Bankruptcy Administrator Accuses Former Texas Ranger Owner Of Thievery

Texas Ranger’s post- bankruptcy administrator Alan Jacobs has accused former Rangers owner Tom Hicks of outright stealing from the bankruptcy estate and is now suing him for millions. …the team’s post-bankruptcy administrator, who says the wealthy

New York City Bar Blasts Proposed Venue Legislation

Several weeks ago we told you about the new venue legislation (H.R. 2533) proposed by Representatives Smith and Conyers in Congress. As predicted, it did not take long for the restructuring community to start criticizing the proposed legislation

Harvey Miller Featured on CNBC’s “Squawk Box”

Weil, Gotshal & Manges partner Harvey Miller was a featured guest on yesterday’s CNBC’s “Squawk Box” to discuss the current state of the economy and potential regulatory prescriptions for averting a repeat of the 2008 financial crisis.

Calumet Park Bankruptcy Attorney Separates Himself From The Others

Link A qualified bankruptcy attorney is going to know the different timelines and the different deadlines, the different procedures and the different processes to make sure the debtor is going to find success through their case. For example, I

Why Hire A Skilled Orland Park Bankruptcy Lawyer?

Link Let’s talk about why someone would want to choose an attorney who can help with a chapter 7 bankruptcy case as opposed to trying to file the case themselves. About 10 years ago, you were able to file a chapter 7 bankruptcy case with forms that

Hazel Crest Bankruptcy Lawyer & Filing Scenarios

Link Another scenario is when someone has lost his or her home to foreclosure. They were unable to pay their current mortgage payment, and it went into foreclosure. Eventually, they lost it to a Sheriff’s sale. In many counties throughout the state

The Daily Docket: NewPage May Enter Bankruptcy

NewPage Corp., a struggling Midwestern paper maker controlled by Cerberus Capital Management LP, warned in a regulatory filing that it may have to file for bankruptcy protection if it’s unable refinance its crushing debt load. Read the Daily

Paying The Minimum On Credit Cards is Not Enough To Avoid Bankruptcy

If you can only afford to pay the minimum payment required on your credit cards, you probably need to file bankruptcy. Minimum payments are designed so that the debtor making the payment will pay the maximum amount of interest on their debt and pay

Don’t Presume High Income Bankruptcy Filers Abuse The System

As unemployment remains above 9 percent and many American families find themselves falling out of the middle-class, some people who don’t understand the bankruptcy system are promoting the idea that high income debtors in bankruptcy are abusing the

Overemphasis on Coaching Kills Sales at Bank Branches

While coaching is important, it would appear that "leading by example" is significantly more important.

How to pick an independent auto mechanic

Don't wreck your wallet and your ride. An independent mechanic may be the road to take.