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

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Supply of Electricity May Constitute Sale of Goods Enabling Electric Supplier to A 503(b)(9) Administrative Expense Claim

In In re Erving Industries, Inc. et al., the Court held that the supply of electricity constituted the sale of goods so that the electric supplier was entitled to assert a 503(b)(9) administrative expense claim. The Court’s opinion is very well

Supply of Electricity May Constitute Sale of Goods Enabling Electric Supplier to A 503(b)(9) Administrative Expense Claim

In In re Erving Industries, Inc. et al., the Court held that the supply of electricity constituted the sale of goods so that the electric supplier was entitled to assert a 503(b)(9) administrative expense claim. The Court’s opinion is very well

Supply of Electricity May Constitute Sale of Goods Enabling Electric Supplier to A 503(b)(9) Administrative Expense Claim

In In re Erving Industries, Inc. et al., the Court held that the supply of electricity constituted the sale of goods so that the electric supplier was entitled to assert a 503(b)(9) administrative expense claim. The Court’s opinion is very well

Goldman Sachs Charged With Fraud

An interesting development related to the mortgage default crisis occurred today when Goldman Sachs was sued by the SEC for fraud. An Article from Reuters reports that the lawsuit arises out of a collateralized debt obligation ("CDO") transaction

March Bankruptcy Filings Rise in Both the Western and Eastern Districts of Kentucky

The image above represents bankruptcy filings in the Western District of Kentucky from January 1, 2010 through March 31, 2010. Monthly totals increased by 190 in the Western District during March. The image above represents bankruptcy filings in the


Top 10 Best Practices For Lenders On Problem Loans

Since the start of the financial crisis, the number of problem loans has increased as real estate values declined, credit markets tightened, and various companies struggled to survive and stay in business during this recession. For lenders who made

Kentucky's Revenue Receipts Increase 2.2%

A Monthly Tax Report from Kentucky's State Budget Director demonstrates that Kentucky's revenue receipts increased 2.2% in March. The primary driver of the boost in revenue was Kentucky's Road Fund, which had an increase of 9.1%. The increase in Road

Consumer Credit Declines

The graph above demonstrates the monthly change in outstanding consumer credit. A Business Insider Article reports that outstanding consumer credit has recently undergone a significant decline. The decrease in available consumer credit directly

A Fast Bankruptcy Estate Asset is the Kentucky Derby Favorite

A Wall Street Journal Article reports that the horse Eskendereya is currently considered the favorite to win the Kentucky Derby. The horse is owned by Zayat Stables, LLC, which filed a voluntary petition for relief under Chapter 11 on February 3

Private Sector Jobs Breakthrough, but Bankruptcy Filings also Increase in March

Click the image above to see a graph demonstrating the monthly change in nonfarm payroll jobs from January 2008 through March 2010. The graph was generated from data released today in a Bureau of Labor Report. Nonfarm payroll employment increased by