ABI Blog Exchange

How Bankruptcy Transformed One Pharmaceutical Company – For The Better

Biovest International, Inc. filed Chapter 11 bankruptcy in 2008 along with its parent company Accentia Pharmaceuticals. Burdened with debt topping $47 million, the company remained in bankruptcy for two years trying to restructure all of its debts

Bankruptcy Poll Divided on Anna Nicole Smith Ruling

Nicholas Kamm/AFP/Getty Images Years after her death, former Playboy Playmate Anna Nicole Smith can still arouse a debate. Respondents to a recent American Bankruptcy Institute poll were evenly split on whether the Supreme Court ruled correctly on a

Owners of The Georgian Building in Silver Spring, Maryland Reach Deal with U.S. Trustee & Lenders to Continue in Chapter 11

Here's One Way to Get a Quick Handle on Loan-Loss Coverage

There are no accounting, regulatory or industry guidelines for what constitutes an adequate allowance for credit losses. But there is a simple and common-sense ratio that's easy to calculate and explain.

California: Crystal Cathedral Not for Sale

"The Crystal Cathedral Ministries board has decided not to sell the campus of the landmark Orange County church, as the ministry works to emerge from bankruptcy proceedings. Potential buyers, including the Diocese of Orange, had offered up to $50

What is Behind Today's Stock Market Drop?

Stocks Plunge, Dow Closes Down 512

How Sole-Proprietors Can Survive Bankruptcy

If a sole-proprietor files bankruptcy, their business and personal assets are treated the same – the same goes for their debts. If the sole-proprietor files Chapter 7 bankruptcy, they can discharge their unsecured debts; but won’t be forced to close

Rumor-Beset Hollywood Mansion Files for Bankruptcy

Rumors of a pool-table-top murder within an uninhabited Hollywood Hills mansion’s billiards room: false. The one about aliens landing on the 22-acre property, giving them a clear view of the Los Angeles skyline and the whitewashed Hollywood sign

Post-Bankruptcy Survival: Debit Card Holds Could Cause Financial Problems

If you’re like most people, then you’re probably using your debit card for many everyday transactions such as shopping for groceries, paying a restaurant bill and putting gas in your car. But many more merchants are beginning to practice placing a

Bankruptcy Inn Alliance

From: Andrew R. Turner [mailto:ATurner@TurnerLaw.net] Sent: Thursday, August 04, 2011 9:19 AM To: Brett Curlee; Esq. Subject: New Bankruptcy Inn of Court Alliance Colleagues in the American Inns of Court Bankruptcy Community: As our new Inn

Judge Allows Braxton to Keep Grammys, Other Belongings

Getty Images Toni Braxton Toni Braxton’s creditors won’t get their hands on the songstress’s six Grammys, under a deal that won bankruptcy-court approval this week. Last month, Bankruptcy Beat blogged about a deal Braxton struck in her bankruptcy to

Record July Sales for Big Three Automakers

NACTT Annual Seminar This Weekend

NACTT 46th Annual NACTT Seminar August 3-6, 2011 Anaheim Marriott Anaheim, CA For information contact: NACTT at (800) 445-8629, or visit NACTT at www.nactt.com One Windsor Cove, Suite 305 Columbia, SC 29223

ABI Executive Director Samuel J. Gerdano: Economy Stuck in Neutral

Ninth Circuit BAP Requires Proof of Assignment of Note in Order for Lender to Have the Right to Foreclose on Deed of Trust

There are many cases throughout the country where borrowers, both in and out of bankruptcy, dispute the right of the mortgage holder to foreclose a deed of trust against the borrower’s home. Allegations abound that the “lender” seeking to foreclose

Third Round of Public Comments for Mortgage Disclosure Forms Announced by Consumer Financial Protection Bureau

by Troutman Sanders CFPB Team In what has become one of the CFPB's signature regulatory initiatives - "Know Before You Owe" - the CFPB announced on July 28, 2011 that it would be conducting its third round of public commenting and consumer testing on

Japan Moves to Weaken Yen

Receiver Battles Holder of Right of First Refusal and Wins…This Time

Picture this: a court-appointed receiver attempts to sell corporate assets consistent with the authority vested in him by the court. The holder of a right of first refusal on the property objects to the sale. Who should prevail in this tug-of-war

Who Will Go Bankrupt Next?