BankruptcyProfBlog

For Bank of America, Countrywide Bankruptcy Is Still an Option

08/11/11

"The real issue around Bank of America is not whether it survives, but whether it sacrifices Countrywide to save itself. More specifically, will Bank of America put Countrywide into bankruptcy? And will this stem the bleeding? The Countrywide acquisition will...

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Change in California Deficiency Law

08/10/11

SB 485: No Deficiency Judgments After a Short Sale The California Legislature approved and the Governor has signed SB 458, which will eliminate any deficiency judgments that a holder of a Mortgage Loan may have against a Borrower after a...

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Raiders Legend BANKRUPT Sells Super Bowl Rings

08/10/11

"NFL legend Ray Guy -- widely considered the GREATEST punter of ALL-TIME -- has been forced to sell off his three SUPER BOWL rings after filing for bankruptcy back in the spring. 61-year-old Guy -- a seven-time Pro Bowler --...

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Dodgers' merchandise vendor cries foul

08/10/11

"As the Dodgers operate under bankruptcy protection, their merchandise vendor has asked the U.S. Bankruptcy Court for protection from the Dodgers. With Dodger Stadium merchandise revenue down by 25% this season, Facility Merchandising Inc. (FMI) could face a "business-threatening event"...

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AIG sues Bank of America for $10B over mortgages

08/08/11

August 08, 2011 1:14 PM EDT NEW YORK (AP) — American International Group Inc. said Monday it sued Bank of America Corp. for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued....

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THE UNITED STATES TRUSTEE BROWN BAG SERIES

08/08/11

Chapter 11 Compliance Camp: An Overview of New Electronic and Existing Compliance Procedures Presented by Los Angeles Field Office, Region 16 Date: Friday August 19, 2011 Time: Noon to 1:30pm (you are welcome to bring your lunch) Where: Office of...

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Las Vegas Real Estate Agent Pleads Guilty to Tax Fraud and Bankruptcy Fraud Charges

08/05/11

"German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding, the Justice Department and the...

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Dodgers, MLB submit loan agreement to bankruptcy court

08/05/11

"The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday, under which the league would loan the Dodgers the money needed to get through the season at 7% interest and would not...

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California: Crystal Cathedral Not for Sale

08/04/11

"The Crystal Cathedral Ministries board has decided not to sell the campus of the landmark Orange County church, as the ministry works to emerge from bankruptcy proceedings. Potential buyers, including the Diocese of Orange, had offered up to $50 million...

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Bankruptcy Inn Alliance

08/04/11

From: Andrew R. Turner [mailto:[email protected]] Sent: Thursday, August 04, 2011 9:19 AM To: Brett Curlee; Esq. Subject: New Bankruptcy Inn of Court Alliance Colleagues in the American Inns of Court Bankruptcy Community: As our new Inn programming year begins, Michael...

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