ABI Blog Exchange
In a decision that may create a significant roadblock for companies saddled with environmental clean-up liability to continue as a going concern, the Seventh Circuit in U.S. v. Apex Oil Company, Inc., 579 F.3d 734 (7th Cir.
Contributed by Debra A. Dandeneau.
Contributed by Debra A. Dandeneau.
On October 29, 2009, Teresa Giudice and her husband, Giuseppe (“Joe”), filed a bankruptcy case under chapter 7 of the Bankruptcy Code. They claim to have nearly $11 million in debts with approximately $2.25 million in assets. Few
One of the problems with practitioners who lower the bar is that they put pressure on other attorneys who want to run an honest practice.
Connaught PLC's administration illustrated the risk to private sector business of public spending cuts (Connaught collapse blamed on government spending cuts).
The impending administration of the FTSE 250 social housing company, Connaught PLC, is widely reported today.
The local and national news has picked up on the Chapter 7 Bankruptcy filing of American Shingle & Siding, Inc. The case was filed on September 2, 2010, as Chapter 7 Case No.
Not often do a bankruptcy judge and a bankruptcy lawyer collaborate on a book. So, how did this book come together?
HMRC is currently 'considering the release of statistics for Time to Pay (TTP)'.
The recent statistics on bankruptcy filings indicate that no recovery is taking hold. The three major reasons people file for bankruptcy are: job loss, divorce, and medical bills.
The Texas Rangers Chapter 11 case is finally winding down, following several weeks of nearly non-stop legal wrangling and high stakes drama. Rangers Baseball Exp
The California Court of Appeal recently rejected the argument that directors and officers owe fiduciary duties to the company's creditors when the company is in the so-called "zone of insolvency," or is even clearly insolvent. In Berg &
Rubin & Lan v Eurofinance involved a "novel, though we believe inevitable and desirable, development of the common law" (according to Lord Justice Ward).