Detroit's bankruptcy filing today is obvious grabbing some headlines. It's not clear, however, how much bankruptcy can do to fix Detroit. Bankruptcy is really good at dealing with problems created by overleverage. If there's too much debt, ... Read full article
E ... Read full article
A few weeks ago, I posted about an apparent movement to challenge the bankruptcy-exempt status of IRAs based on boilerplate language commonly found in the account agreements of many of the nation's largest brokerages. The legal argument rested on ... Read full article
In addition to the fair housing case that Alan noted , the Supreme Court also granted cert in a bankruptcy case, Law v. Siegel . ... Read full article
One of the frustrations experienced by all business bankruptcy attorneys seeking engagement in chapter 11 cases can be traced to the vague language of Rule 2014. The rule requires the disclosure of information necessary to determine whether the ... Read full article
Thanks to Bob and Credit Slips for the warm welcome. In April, after two long years, we completed the American Bankruptcy Institute Ethics Task Force's Final Report . This week we will be guest blogging about “bankruptcy ethics” and discussing many ... Read full article
Bankruptcy lawyers and judges often toil away in the lower reaches of the federal judicial over not-so-momentous issues such as the value of a refrigerator. When bankruptcy issues get to the Supreme Court, we tend to get excited. Boy, did that balloon get ... Read full article
A few weeks ago, the Supreme Court denied cert in a case called Law Debenture Trust Co. v. Charter Communications, Inc. (No. 12-847) . The issue was whether the Second Circuit had correctly applied the doctrine of equitable mootness to an appeal in the ... Read full article
I always figured that Elizabeth Warren was the first bankruptcy lawyer to serve in the Senate. Turns out that there's at least one other. (I'm not counting Senators who have served as Chapter 7 trustees.) Anyone know who? I'll post the ... Read full article
In the fict ... Read full article
The FT has an interesting piece on the UK Insolvency Service's ... lack of funds. ... Read full article
My colleague, Professor Pamela Foohey , has just posted a paper on SSRN about religious organizations that have filed chapter 11. While the Roman Catholic dioceses bankruptcies have grabbed a lot of attention, Foohey identifies 509 other cases filed by ... Read full article
My colleague, Jennifer Robbennolt, and I have posted a paper to SSRN exploring apologies in the bankruptcy context. Jennifer has done some of the leading studies on apologies in different legal contexts. Contrary to the instincts of many lawyers, ... Read full article
Some recent moves in the Senate Judiciary Committee should be of interest to bankruptcy specialists. The committee has approved a new subcommittee to be called "Bankruptcy and the Courts" with Senator Chris Coons of Delaware as the subcommittee ... Read full article
Wi ... Read full article
How's that for a catchy title? I was inspired by an interesting post over at Lawfare , where the author notes that the term "assassination" has a specialized meaning in legal circles – namely, it involves an unlawful killing – whereas in ... Read full article
