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

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Bankruptcy Issue: Insurance Proceeds After An Accident.

There are many issues that can arise when you file a Chapter 13 bankruptcy case and insurance proceeds from a vehicular accident may be one such issue. Let’s presume the following facts: You are two years into a five year Chapter 13 Plan, you have

Insurance Redlining and Transparency

Insurance nerds like to point out that insurance coverage is a pre-requisite to a wide range of activities, from starting a business to practicing medicine to driving a car. In this sense, insurers often serve as gatekeepers to fundamental social

Los Angeles Dodgers Chapter 11 - Can They Get Kirk Gibson Admitted Pro Hac in Delaware?

The Chapter 11 filing of the Los Angeles Dodgers is a desperate move by Frank McCourt to try to maintain his ownership of the team. At least McCourt, whatever his shortcomings as a major league franchise owner, chose wisely in selecting bankruptcy

Final Rule on Living Wills to Come in the “Very Near Future”

Bankruptcy law often intersects with various other areas of law. One such intersection is the so-called “living wills” rule to be promulgated by the FDIC and the Federal Reserve under section 165(d) of the Dodd-Frank Act. On July 6, 2011, the FDIC’s

Century-Old Primer on Investing for Women Shows How Much, and How Little, Has Changed

A century ago, E. H. Rollins & Sons, then one of the foremost investment houses in the country, put out a book whose stated purpose was to educate women about investing. The title alone speaks volumes about an era when women had yet to gain the right

The Tax Man Cometh: IRS and MD, VA, DC State Tax Agents Increasing Exams and Collections

The evidence is coming in, and it makes absolutely perfect sense: The federal and state governments are ramping up tax examinations and collections to bring in more money. Just this morning in our tax and bankruptcy law firm: Five new cases, not

Seller of Recalled Candle Fuel Burns in Chapter 11

A home-décor distributor that made sold bottled burnable candle fuel has filed for Chapter 11 bankruptcy protection, facing dozens of lawsuits by burn victims. Georgia-based Napa Home & Garden Inc. sold a clear, slow-burning gel used to fill up

When It Quacks like a Duck and Walks like a Duck - Dressing up a Loan Participation

In Empresas Cablevision, S.A.B., de C.V. v. JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Inc., 680 F. Supp. 2d 625 (January 28, 2010), a case that came before the Southern District of New York, the court had to evaluate whether giving loan

NYT: Fewer Americans File for Bankruptcy as Debt Woes Ease

By TARA SIEGEL BERNARDAfter steadily climbing for several years, the number of Americans filing for bankruptcy is on the decline, though that is not necessarily an indicator of an improving economy.The number of bankruptcy filings in June was 120,623

The Daily Docket: Corus Bankshares Rises From the Ashes

After its liquidation proposal was rejected, Corus Bankshares Inc., an Illinois holding company that had its primary asset–its bank–stripped from it nearly two years ago, reversed course and is poised to pitch creditors on a plan to emerge from