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

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What Will Be the Consequences of the Third Circuit’s Decision to Impose 1114 Process on all Chapter 11 Debtors?

Contributed by Sunny Singh On July 13, 2010, in one of the most significant and controversial decisions regarding retiree medical benefits in chapter 11, the Third Circuit held – contrary to the majority of lower courts that have considered the issue

Thornburg Mortgage Case Highlights Risks Presented by Potential Conflicts

Contributed by Michael F. Walsh The chapter 11 case of Thornburg Mortgage, Inc. has generated substantial litigation against former officers and directors of the debtors, as well as the debtors’ corporate counsel. The case is a useful reminder of

Fall 2010 Edition Of Bankruptcy Resource Now Available

The Fall 2010 edition of the Absolute Priority newsletter, published by the Cooley LLP Bankruptcy & Restructuring group, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the bankruptcy

Fall 2010 Edition Of Bankruptcy Resource Now Available

The Fall 2010 edition of the Absolute Priority newsletter, published by the Cooley LLP Bankruptcy & Restructuring group, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the bankruptcy

The Coming Baby Boomer Retirement Crisis? Avoid Early Withdrawal Traps.

Between 1946 and 1964, more than 76 million American children were born. The first of these “Baby Boomers” begin to reach the historic retirement age of 65 in 2011. By 2030 all boomers will be over 65 and will represent an estimated 20 percent of the

Recent Guidance in the Southern District of New York on Professional Fee Applications

Contributed by Conray C. Tseng In a recent decision in the chapter 11 case of In re CCT Communications, Inc., Judge Bernstein of the U.S. Bankruptcy Court for the Southern District of New York ruled on the allowance of certain fees and expenses

Recent Guidance in the Southern District of New York on Professional Fee Applications

Contributed by Conray C. Tseng In a recent decision in the chapter 11 case of In re CCT Communications, Inc., Judge Bernstein of the U.S. Bankruptcy Court for the Southern District of New York ruled on the allowance of certain fees and expenses

Reverse Mortgages - The What's and Why's

Reverse Mortgage - a mortgage that goes backwards? In a real sense YES! Instead of building equity by paying back what you owe, a lender determines how much equity you have in your home and gives you cash for a part of that equity. BUT each month

Can Bankruptcy Save Octomom?

Nadya Suleman, the the California woman who had eight babies via fertility treatments, is reportedly in danger of losing her home to foreclosure and filing for bankruptcy. This, in spite of her statement (which she made after giving birth in January


Supreme Court To Decide Whether To Review Seventh Circuit Decision Holding That Bankruptcy Does Not Discharge Environmental Clean-Up Liability Under The Resource Conservation And Recovery Act

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. 2009) affirmed a district