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

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High Stakes Drama in Texas Rangers Case Continues Unabated

The Chapter 11 case of Texas Rangers Baseball Partners (“TRB Partners”) has devolved into a slow motion train wreck. It appeared that order might finally emerge from chaos earlier this week when Judge Michael Lynn of the U.S. Bankruptcy Court for the

The Bankruptcy Solution to the Second Mortgage Problem

[See post to watch Flash video] Check Out These Related Posts: Understanding The Reason For The New York Foreclosure Problem

"...And Winning, Winning, Winning' "

As a solo practitioner I must acknowledge my work limitations; I cannot compete against the 40th floor Boston or other big-city law firms. In the Foreclosure Prevention work I have been doing, I have had to bring actions against players like HSBC

Kentucky Bankruptcy Filings Did Not Follow National Trend

While the filing of bankruptcies in the Western District of Kentucky remained strong, they do not evidence the surge that has been seen nationally. The American Bankruptcy Institute recently reported that bankruptcy filings for the first half of 2010

The “Alphabet Problem” For Dummies

Because I am a nerdy restructuring and bankruptcy attorney, I am on a fair number of email listervs with colleagues. One recurring item in our discussions is what legendary bankruptcy attorney Max Gardner calls the “ Alphabet Problem.” If you click

No Clear Exit Yet for Texas Rangers

The Chapter 11 case of Texas Rangers Baseball Partners (“TRB Partners”) continues to take fascinating turns, and is fast becoming a cautionary tale about the risks of using the bankruptcy process to achieve a quick result without the consent of all

Zombie Debt: What Is It And Why Does It Matter?

“Zombie Debt” is a term that people in my business use for debt that is not legally enforceable. The debt generally has been either paid, settled, or discharged in a bankruptcy. So how does it happen? There an industry of debt buyers who buy debt —

Improper HAMP Denials and Servicer Noncompliance - The GAO Report to Congress

On June 24, 2010, the U.S. Government Accountability Office ("GAO") released its report to the Congressional Committees entitled "Troubled Asset Relief Program - Further Actions Needed to Fully and Equitably Implement Foreclosure Mitigation Programs

Palm Beach County Mortgage Foreclosure Mediation

Palm Beach County Circuit Court Foreclosure Mediation The Circuit Court of the 15 th Judicial Circuit of Palm Beach County issued administrative order number 3.308-6/10 dated June 28, 2010, to take effect on July 12, 2010, providing for certain "Case

Third Circuit Decision Suggests Another Way For Trademark Licensees To Protect Against License Rejection In Bankruptcy

Trademark licensees have long faced the serious risk of losing all license rights to a trademark if the licensor files bankruptcy and rejects the trademark license as an executory contract. However, a recent decision from the U.S. Court of Appeals