ABI Blog Exchange

Chapter 7 Trustees Attacking Debtors' Right To Stay Put In Their Upside Down Homestead Property

The Florida Supreme Court’s expanded debtor’s $4,000 wildcard exemption earlier this year giving debtors substantially more exemptions to apply to their cars and personal property. Any debtor who does not need to use their homestead exemption can

Former Billionaire Files Chapter 7 Bankruptcy

We’ve all heard stories about lottery winners ending up in bankruptcy court, so it’s interesting to hear a twist on the usual saga. According to Time magazine, Patricia Kluge (known in a former life as “the richest divorcée in history”) has filed for

Eleventh Circuit Does Not Hesitate to Disallow Procrastination

Ben Franklin once said, “you may delay, but the Eleventh Circuit will not,” or it might have been, “you may delay, but time will not.” Whatever the quote was, two creditors in Winn-Dixie’s recent chapter 11 proceedings, IRT Partners and Equity One

Read the 11th Circuit's Opinion Affirming the Denial of a Motion to Amend Bankruptcy Claims Post-Confirmation from the Winn-Dixie Stores Bankruptcy Cases

WSJ Interview of Economist John Taylor: We Are In a Balance Sheet Recession

NYU's Edward Altman Discusses His Z-Metrics Formula for Assessing the Financial Health of Countries

Is Chapter 13 Becoming The New Debtor’s Prison?

Before I begin my rant on Chapter 13 and the way I see things turning against some debtors ( not all debtors), I would like to start by saying that I honestly believe that Consumer Bankruptcy is Financial Planning for the Future. Also, I still

A Shock to the Core: The Supreme Court Pries Jurisdiction Away from the Bankruptcy Courts on Counterclaims to Proofs of Claim, and Possibly More

On Thursday, the Supreme Court in a 5-4 decision ruled in Stern v. Marshall [1] that the congressional grant of jurisdiction to bankruptcy courts to issue final judgments on counterclaims to proofs of claim was unconstitutional. For the litigants

Read the Seventh Circuit's Opinion Affirming the Bankruptcy Court's Denial of River Road Hotel Partners' Proposed Bid Procedures

Bair Led by Listening

I have come to know Sheila Bair as a pragmatic regulator who is passionate not only about protecting consumers, but also about ensuring the ongoing success of the community banking system.