Skip to main content
banner

ABI Blog Exchange

Discover the latest articles and insights from our community

article-exchange

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

• 8 min read
Read Article

Chevys, El Torito owner files for bankruptcy

"The owner of Mexican restaurant chains Chevys Fresh Mex, El Torito and Acapulco filed for bankruptcy Tuesday, pressured by years of slipping sales and the country’s economic malaise, executives said. Cypress-based RM Restaurant Holding Corp. said

6 min read

Face It, Bankers: You're Not Apple

For the vast majority of Americans, the role of the bank is to be there when the customer wants it to be there. Like the water company. Like the electric company.

6 min read

Sagamore Hotel Checks Into Chapter 11

Getty Images The Florida owner of Miami Beach’s boutique Sagamore Hotel, which has hosted the Playboy Super Bowl party and celebrities like Kate Moss, checked into U.S. Bankruptcy Court on Thursday. Sagamore Partners Ltd. said in an emailed statement

6 min read

Steve Jobs and Bankruptcy

Tech visionary Steve Jobs died yesterday. One of many items being circulated about him is a commencement address he gave at Stanford in 2005. I have copied it in its entirety below. However, I wanted to focus on one passage which speaks to what we do

6 min read

BAP: Chapter 7 trustee cannot avoid erroneously discharged mortgage if discharge is rescinded pre-petition

Richardson v. Citimortgage, Inc. (In re Emerson), unpublished opinion, BAP No. 11-8015 (Oct. 7, 2011). The Bankruptcy Appellate Panel of the Sixth Circuit ("BAP") has rejected a trustee's efforts to avoid a mortgage that was mistakenly discharged

6 min read

Means Test Deductions Do Not Include Mortgage Payments For Surrendered Property

The Chapter 7 means test permits debtors to deduct from income the amounts of the debtor’s monthly mortgage payments. Many people who are walking away from upside down mortgaged property file bankruptcy because they want to wipe out liability for...

6 min read