ABI Blog Exchange
Summary
"JOLIET — A federal bankruptcy judge soon could be looking for new chambers as Will County eyes his courtroom. The space where the U.S. Bankruptcy Court holds its calls in Joliet is actually owned by Will County. It’s found on...
"Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy protection Monday after securing key creditors' support for a plan to slash the company's $440 million debt load. Early papers filed in the U.S.
The Real Estate Settlement Procedures Act commonly known as RESPA, and passed into law in 1974, was designed to protect mortgage co
One question that many potential bankruptcy filers have is how the bankruptcy court handles inherited money and money that bankruptcy filers expect to receive in the months af
Where is Waldo" isn't just for kids.
The following recently appeared in the "legal" section of the "jobs" area of craigslist for Northern Virginia:
Last month, the Chapter 7 trustee (the "Trustee") in the Viashow bankruptcy filed avoidance actions against several creditors of the bankruptcy estate. One avoidance action in particular seeks to recover damages allegedly sustained
How to mess up a bankruptcy exemption. I happened upon a Florida bankruptcy case decided in 2010 wherein a court held that a debtor’s self-directed IRA was not exempt. The debtor’s had a securities account that clearly was titled as...
An opinion from San Antonio Bankruptcy Judge Leif Clark examines when a claim against a non-debtor can violate the automatic stay. The short answer is: when the creditor says he is doing it to collect from the debtor.
In most bankruptcy cases, at the 341 hearing, the bankruptcy trustee will ask the debtor, "How did you get into this situation?" Our Boston bankruptcy clients are instructed to answer hone
The U.S. Supreme Court set forth bankruptcy rule changes that are designed to prevent the presentation of claims for which there is little or no substantiation.
Delaware Court Upholds 150-Day Advance Notice Requirement in Proxy Statement
The Delaware Chancery Court recently rejected a challenge to an advance notice requirement for shareholder proposals that appeared in the Companys proxy statement, not in its bylaws, and that imposed a deadline of more than 150 days before the meeti
Delaware Court Upholds 150-Day Advance Notice Requirement in Proxy Statement
The Delaware Chancery Court recently rejected a challenge to an advance notice requirement for shareholder proposals that appeared in the Companys proxy statement, not in its bylaws, and that imposed a deadline of more than 150 days before the meeti