ABI Blog Exchange

Lockport Bankruptcy Lawyer Discusses Secured And Unsecured Debts

Link Chapter 7 is for people with little or no assets and a lot of unsecured debt. Unsecured debts are medical bills, personal loans, credit cards, things where there is nothing that can be taken back. The money is either gone on the credit card or

HearUSA Receives Competing Bid From an Affiliate of Siemens for Substantially All of its Assets

Harrisburg, Pa., Votes Against State-Sponsored Plan to Sell Assets

Stocks End Lower on Debt Deadlock

BlackBerry Maker RIM Lays Off 2,000 Employees, COO Retires

Three Bankruptcy Traps for Small Businesses

Perhaps you’re self-employed. Or maybe you own a small corporation or LLC. Times are hard. Time to see a bankruptcy attorney. You might be surprised to realize that these two items are considered assets: accounts receivable and unbilled work in

Foreclosure Fraud Firings

Every time I think I've seen it all in the foreclosure fraud space, something new comes along and amazes me. This time it's not the banks or their vendors, but an AG. David Dayen at FireDogLake has a disturbing story that the Florida AG fired two

Unfiled Tax Returns in Chapter 13

Tax returns can be a trap for the unwary in Chapter 13 bankruptcy. Often, bankruptcy debtors do not have their tax returns squared away and filed before filing for bankruptcy. When non-tax creditors are pursuing you, and you need quick relief, often

Proxy Access Strikedown Could Impact Other Dodd Frank Rulemaking Across Many Agencies

The DC Circuit's vacating of the SEC's proxy access rule has wider applications for the possible challenge of regulations under the Dodd Frank Act on the grounds that they fail to analyze the economic impact. Even though we all know that the DC

Proxy Access Strikedown Could Impact Other Dodd Frank Rulemaking Across Many Agencies

The DC Circuit's vacating of the SEC's proxy access rule has wider applications for the possible challenge of regulations under the Dodd Frank Act on the grounds that they fail to analyze the economic impact. Even though we all know that the DC

A U.S. Default? Bankruptcy Experts Say No

EPA President Barack Obama reporting progress in debt talks on July 19 Take two bankruptcy attorneys, one investment banker and a distressed-debt investor and you should end up with a pretty good body of expertise for reading the warning signs of

Channahon Bankruptcy Attorney Describes The In-Take Questionnaire

Link Everyone who comes in for a bankruptcy, whether it is 7 or 13, they are going to fill out a bankruptcy questionnaire to the best of their ability. They can usually stop after page 9 because the remaining pages are just debts. And if they are

Ancillary Recognition Orders – To “Probe” the Legitimate Expectations of Creditors

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Steven Golick, Sachin Kanabar and Jake Leibner. Steven Golick is a partner in the Insolvency and Restructuring Group of Osler Hoskin & Harcourt LLP, Sachin Kanabar is an

The Daily Docket: McCourt Whiffs on Dodgers Bankruptcy Loan

A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from a New York

Dodgers’ Chapter 11 Bankruptcy Round Two

Once again Dodgers’ owner Frank McCourt and MLB Commissioner Bud Selig battled it out in bankruptcy court this week. Both sides argued against the other controlling the finances of the baseball team while in Chapter 11 bankruptcy. Right now McCourt’s

Congressman Hinojosa's Bankruptcy Plan Appears to Violate Bankruptcy Code, Including BACPA Provisions He Voted For

Congressman Ruben Hinojosa was one of many representatives who voted for the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. As a chapter 11 debtor, he will now be tested to see whether must follow the same rules he voted for, as

Post-Bankruptcy Survival: Avoiding The Pit Falls Of Credit Card Balance Transfers

So you’re out of bankruptcy for a few years now and you’re ready to take your credit restoration efforts to another level. You already have a few low-credit, high interest rate credit cards; but you just qualified for new credit card with low

Breach Of Fiduciary Duty Makes Debts Nondischargeable In Bankruptcy

In the Chapter 7 bankruptcy of a debtor who served as the President and CEO of a company, the bankruptcy court ruled that the debtor could not discharge debt incurred after recklessly taking out loans from the company. The details of the bankruptcy

Proxy Access Strikedown Could Impact Other Dodd Frank Rulemaking Across Many Agencies

The DC Circuit's vacating of the SEC's proxy access rule has wider applications for the possible challenge of regulations under the Dodd Frank Act on the grounds that they fail to analyze the economic impact. Even though we all know that the DC

Proxy Access Strikedown Could Impact Other Dodd Frank Rulemaking Across Many Agencies

The DC Circuit's vacating of the SEC's proxy access rule has wider applications for the possible challenge of regulations under the Dodd Frank Act on the grounds that they fail to analyze the economic impact. Even though we all know that the DC