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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Angry Baseball Fan Letters Infiltrate Bankruptcy Court Docket

The bankruptcy judge overseeing the Los Angeles Dodgers bankruptcy case has ordered the removal of four angry fan letters which were placed in the court’s official list of documents. Judge Kevin Gross of Delaware’s bankruptcy court on Friday ordered

Should You “Cram-Down” Your Car Note In Bankruptcy?

This recession has brought to the surface a lot of discussion about “cram-downs,” but most Americans have no idea what that is. Well, when applied to your vehicle, a cram-down is basically when you reduce the car loan to the value of the car. For

What To Expect In A Business Chapter 7 Bankruptcy

When a business decides that they can no longer pay their debts and must file bankruptcy, the process is different than if they were an individual. Here’s what you need to know: Once you decide to place your business in Chapter 7 bankruptcy, you are

Weil Bankrupty Blog Wants Your Opinion

In the nine months that have passed since we started our Blog, we have covered a wide range of topics. From landmark Supreme Court and circuit-level cases to a bankruptcy version of the Sweet Sixteen, we have aimed to keep our blog timely

The Daily Docket: Borders Fate To Be Decided This Weekend

The Wall Street Journal reports the fate of Borders Group Inc. hangs in the balance this weekend, with a Sunday deadline looming for the bookstore chain to either find a buyer or face liquidation. Bondholders who fought for months to toss more than a

Can my Chapter 7 trustee kick me out of my Florida home?

Cash or Keys? Not if you hire an experienced bankruptcy lawyer. As I previously reported, we have a problem in the state of Florida with a few rogue bankruptcy trustees using unsavory tactics to shakedown Chapter 7 debtors. Specifically, in the State

Restructure the Loan Into Payment Tranches (Instead of Using an A\B Note Structure)?

Over the last couple of years (wow . . . years - this has been one deep and long ditch), there has been a lot of talk about recapitalizing deals by bringing new investors or owners into commercial real estate deal that are underwater, or in the ditch