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

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Bed Bath & Beyond filed for Chapter 11 Bankruptcy Protection

Bed Bath & Beyond ("BBB") filed for Chapter 11 Bankruptcy Protection. Individuals & businesses who are owed money by BBB should organized their business records & file a Proof of Claim when notified by the Bankruptcy Court. Also & importantly, If a

Weekly News – April 21

BBBY on the chopping block 2022’s liability management exercise becomes 2023’s BK Redlight…. Greenlight… Exclusionary tactics exposed Find it on Reorg here We will continue your fight! Our take: LoPucki was criticized by some (not us…) as a lone wolf

CFO website is reporting that Chapter 11 Bankruptcy Filings Climbed 79% in March

The article can be found at https://www.cfo.com/credit-capital/bankruptcy/2023/04/chapter-11-bankru…

Johnson & Johnson’s Second Bankruptcy: New And Improved

By: Donald L Swanson Johnson & Johnson filed bankruptcy back in 2021 ( In re LTL Management, Case No. 21-30589, New Jersey Bankruptcy Court). That bankruptcy is now dismissed—on order of the U.S. Third Circuit Court of Appeals. So, Johnson & Johnson

Government Student Loan Insanity

Yes. Slavery of Student Loans Certifiably insane. The purported government goal in opening the floodgates of student loan financing was improving the lives of the borrowers. At least the borrowers who were attending school. The result? Impoverishing

Preferences & Chapter 7 Bankruptcy Filings

PLEASE NOTE THAT EFFECTIVE IMMEDIATELY, PLEASE USE 917 363 3391 TO CONTACT JIM SHENWICK, ESQ. ----------------- The New York Post recently had an article about a New York bankruptcy trustee who has ordered dozens of former sales reps at Worth

Paying Your Mortgage with Money Order is a Bad Idea

Paying Your Mortgage with Money Orders is a Bad Idea Handing somebody a money order to buy a car or something–that’s sometimes safer than cash. But mailing a money order to pay your mortgage–that’s almost always a bad idea. Let me tell you about

Paying Your Mortgage with Money Order is a Bad Idea

Paying Your Mortgage with Money Orders is a Bad Idea Handing somebody a money order to buy a car or something–that’s sometimes safer than cash. But mailing a money order to pay your mortgage–that’s almost always a bad idea. Let me tell you about

Can you get a small business loan after bankruptcy?

Bankrate has a very interesting and informative article about whether a small business can get a small business loan after bankruptcy? The article states that getting a small business loan after going through bankruptcy is possible, but it can be a

Innocent Debtor Unable to Discharge Debt Due to Partner’s Fraudulent Conduct

SUPREME COURT RULES THAT INNOCENT DEBTOR CANNOT DISCHARGE A PARTICULAR DEBT DUE TO FRAUDULENT CONDUCT OF A PARTNER The “honest debtor” did not have a good day before the US Supreme Court in Bartenwerfer v. Buckley, 143 S. Ct. 665, 214 L. Ed. 434

Conceit-Of-The-Present: In Science, Construction, Mediation and Bankruptcy

By: Donald L Swanson Conceit-of-the-present is this: thinking that people of today are smarter, more sophisticated and better than people of the past. There is, of course, some truth in that conceit for today: (i) improved hygiene and medicine, for

It’s the principle of the thing”: HMRC fights back against UK Restructuring Plans

‘If, at first, you don’t succeed, then try and try again’ is a fitting description for HMRC’s recent approach to restructuring plans, with its opposition of plans proposed by The Great Annual Savings Company (GAS) and Nasmyth Group Limited (Naysmyth)

Bankruptcy Liquidation Exemptions in New Jersey

When entering into liquidation bankruptcy, debtors might fear losing certain assets. While that is understandable, you can protect some assets using state or federal bankruptcy liquidation exemptions in New Jersey. New Jersey does not have a

Weekly News – April 14

Theater advertiser files for BK Cha Ching! FTX rolling in the dough FTX Interim Report Find it on Reorg here Well said! CRE in the news…. CMBS spreads have widened in recent weeks Morgan Stanley on CRE stress Goldman on CRE stress Tell us what you

Fear you’re going to lose your house? Debunking the top 10 bankruptcy myths

You’re drowning in debt, and you’ve been struggling to keep your head above water for months. Every time the phone rings, you feel a knot in your stomach, wondering if it’s another creditor demanding payment. And forget about bankruptcy. There’s no

SEC’s Proposed Conflicts of Interest Rule May Impede Hedging

Critics are warning that the SEC’s recently proposed rule (the “Proposed Rule”) prohibiting conflicts of interest in asset-backed securities (ABS) transactions may impede the ability of financial institutions, broker-dealers and others to enter into

How Do You Know When Your Chapter 13 Bankruptcy is Over?

A Chapter 13 bankruptcy case is a court-supervised repayment plan. Filing Chapter 13 does not necessarily mean that you repay all your debts. Some creditors might receive a percentage of the money you owe them instead of the total amount. Finishing

Avoiding Debt Obligations As Fraudulent Transfers? (Kartzman v. Latoc)

By: Donald L Swanson “The trustee may avoid . . . any obligation . . . incurred by the debtor, that was made or incurred“ with actual fraudulent intent or as constructive fraud. –From § 548 of Bankruptcy Code (emphasis added). Similar language is

What is the Bankruptcy Means Test and How Does it Work

Bankruptcy offers a way for people struggling with debt to eliminate some or all of the debt and get a fresh start. Unless the majority of your debt is business or tax debt, in order to be eligible to file a Chapter 7 Bankruptcy you must pass the

LTL 2.0: The Largest Fraudulent Transfer in History

Today was the first day hearing for LTL 2.0. An ad hoc committee of talc claimants (most of the members of the Official Committee from LTL 1.0) weighed in with an informational brief that blasted the bankruptcy filing as being...