ABI Blog Exchange

WSJ: Cisco Slashing 6,500 Jobs

Shadow System Will Flourish as Banks Are Constricted

The considerable blanket of new regulations for banks will be a boost for the shadow system, which remains free to increase leverage.

Borders Bankruptcy Affects Boston Consumers

Down the street from the Boston Bankruptcy Court is the giant Borders Books bookstore at the historical intersection of Washington Street and School Street. This is two blocks from our Boston bankruptcy law office. Borders Group, http://www.borders

Distressed Investors Dusting Up for Restructuring Bout

After spending a long time twiddling their thumbs, it’s time for some action for distressed investors. Or at least that’s one way to read a crowd of about 60 that gathered for a morning discussion about distressed investing Tuesday at the New York

Fifth Circuit Court of Appeals Rejects Debtor’s Request to Assume Real Estate Sale Contract

The Fifth Circuit Court of Appeals has reaffirmed a debtor’s obligation under sec. 365 to assume a contract in whole or not at all, and reiterating the prohibition against a bankruptcy court’s attempts to re-write portions of an executor contract. In

WaMu Faces Shareholder Challenges To Bankruptcy Plan

Washington Mutual, Inc. (WaMu) is facing shareholder challenges to their proposed bankruptcy plan. The shareholders, who will get nothing if the bankruptcy plan is approved, argue that the debt reorganization plan is tainted by the hedge funds’

A Change in Your Financial Situation Does NOT Entitle you to Change the Terms of a Contract

Recently, I have had an influx of potential clients who believe that because their financial situation has taken a turn for the worse, their creditors are required to change the terms of the contract regarding the debt that person owes. There is no

Post-Bankruptcy Survival: Don’t Allow Elder Care To Financially Ruin You

Many senior citizens file bankruptcy after accumulating so much medical debt that it was ruining them financially. But how can a senior citizen prevent future medical debt from ruining the financial fresh start given by bankruptcy? Let’s take a look

Landlords Object To Borders Proposed Bankruptcy Sale

A group of Borders Group landlords have banded together to object to the proposed Chapter 11 bankruptcy sale of Borders to Direct Brands. The landlords argue that the timing of the proposed sale and the lack of disclosures leave them with too little

Retirement Plans and Bankruptcy

When I am meeting with clients, I get a lot of questions about retirement plans. Often, I see clients who have very little equity in property, and even less cash, but they may have $25,000 or $30,000 in an IRA or a 401(k). How does having several