ABI Blog Exchange

How to File Bankruptcy for Credit Card Debt

How to File Bankruptcy for Credit Card Debt Investor Times has a helpful article about how to file bankruptcy to discharge credit card debt. The article can be found at https://investortimes.com/how-to-file-bankruptcy-for-credit-card-debt/ Jim

What Happens at a Bankruptcy Hearing

Filing for bankruptcy tends to sound like an intimidating and shameful process. In reality, bankruptcy petitioners are often surprised to find how simple and even easy the process can be under the right conditions. While filing for bankruptcy has its

What is the Timeline for a Chapter 13 Consumer Bankruptcy Case in Pennsylvania

Filing for bankruptcy is nobody’s idea of a good time, but it is often a necessary solution to serious debt problems. Chapter 13 bankruptcy is one potential option, and the timeline for filing might vary based on your circumstances. Chapter 13

Applying Tax Refunds To Next Year’s Taxes Results In Denial Of Discharge (Miller v. Wylie)

By: Donald L Swanson Taxpayers can elect to have their tax refunds applied to pay their next year’s taxes. But a taxpayer in (or about to be in ) bankruptcy had better beware—doing such a thing might (or might not) result in a discharge denial

Fifth Circuit Hold that Courts May Bypass Equitable Mootness to Rule on the Merits of Appeal

Fifth Circuit Hold that Courts May Bypass Equitable Mootness to Rule on the Merits of Appeal

Weekly News – June 16

An uptier by any other name still hurts! We say it again… LMEs bad Mallinkrodt against the ropes Find it on Reorg here HUGE claim in Samson tossed Exclusive Content Find it on Reorg here Judge Shannon on an “open market” 3M appeals directly to 7th

June 16, 2023 Bankruptcy Quiz

Here’s this week’s Bankruptcy Quiz. This quiz will test your knowledge of bankruptcy deadlines and notice requirements. Click the image to take the quiz and enjoy! Click here for prior quizzes. If you enjoyed this post and would like to be the first

Supreme Court Finds Bankruptcy Code Abrogates Tribal Sovereign Immunity

The U.S. Supreme Court ruled on Thursday that because Indian tribes are indisputably governments, the Bankruptcy Code unmistakably abrogates their sovereign immunity to bankruptcy court proceedings. In an 8-1 decision, the Court found that when

Envision’s Bankruptcy Provides Insight Into All That is Ailing The Healthcare Industry

The increase in bankruptcy filings that restructuring professionals have been expecting is now arriving. With rising inflation, increased interest rates, tightening credit markets, labor shortages and supply chain disruptions, we are starting to see

Court Dismisses Chicago Hotel Bankruptcy Case for Lack of Authority to File

In re Chicago South Loop Hotel Owner, LLC, No. 23-02595 (Bankr. N.D.Ill. May 24, 2023) On May 24, 2023, the U.S. Bankruptcy Court for the Northern District of Illinois filed a memorandum opinion dismissing the chapter 11 case of Chicago South Loop

Who Is A “Party in Interest”: Broad v. Narrow Construction (Truck v. Kaiser at U.S. Supreme Court)

By: Donald L Swanson When a federal court approves a [bankruptcy] plan allowing someone to put its hands into another person’s pockets, the person with the pockets is entitled to be fully heard and to have legitimate objections addressed.[Fn. 1] Pop

How To Navigate Chapter 7 Bankruptcy in Chicago

Imagine getting stuck in a financial storm. Debt is swirling around you, creditors are knocking at your door, and it feels like there’s no way out. Then, you catch a glimmer of something in the distance. Could it be a lifeline? You’ve heard of

The Puzzle of Diaspora Bonds: A Case Study of Israel's Program

Many countries have attempted to tap their diasporas by issuing bonds. This has particularly been the case in times of dire need (wars, pandemics, international sanctions, financial crises, and more). Ukraine is the most recent to have attempted to

Court Declines to Award Punitive Damages for Mortgagee’s Violation of Rule 3002.1

In re Dewitt, No. 11-36341 (Bankr. S.D.Ohio May 19, 2023) On May 19, 2023, the U.S. Bankruptcy Court for the Southern District of Ohio entered a decision on a motion for summary judgment that provides a comprehensive analysis of Rule 3002.1 of the

Disclosure and Vote Swamping Revisted – Has the Position Changed following the Mizen CVA Appeal?

In two recent blog posts we discussed the challenge made to the Company Voluntary Arrangement (CVA) of Mizen Build/Design Ltd (the “ Company”) by Peabody Construction Limited (“ Peabody”) and the finding of (i) a material irregularity based on

Bob Gold & Associates: Recognized as a Trailblazing PR Firm in Telecommunications, Media, and Technology

In a world where change is the only constant, the public relations industry is no exception. Recent years have seen a seismic shift in the PR landscape, largely spurred by rapid technological advancements, evolving media platforms, and innovative

The Tapering Concessions Approach To Negotiating (A Study)

By: Donald L Swanson “ What’s the Best Way to Give Ground in Negotiations?” is the report of a study on negotiating strategies. [Fn.1] What follows is a summary of that report. Overview In negotiating, a key challenge is to decide how much to change

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

AP News is reporting that billions of COVID19 relief was stolen or wasted. Should we be surprised? The story can be found at https://apnews.com/article/pandemic-fraud-waste-billions-small-business… Jim Shenwick

Weekly News – June 9

Serta plan confirmed surprise… surprise… surprise… Serta definition of “open market purchase” comes under fire And, promptly appealed… Find it on Reorg here Our take: There was competition — the hallmark of a “market”. But why did the Court limit the