BankruptcyProfBlog

Program with Chapter 7 Trustees

02/25/11

Chapter 7 Trustee Panel: “Help Us Help You” March 5, 2011 Presented by: Central District Consumer Bankruptcy Attorneys Association Speakers: Chapter 7 Trustee Panel from the Los Angeles, San Fernando Valley, Santa Ana and Riverside Divisions Where: Southwestern Law School...

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"The Flag is Up" - Same Sex Married Couple Files Chapter 13 in Los Angeles.

02/25/11

Financially distressed same-sex CA married couple goes straight into bankruptcy by filing a joint Chapter 13 petition in the Los Angeles Division of the U.S. Bankruptcy Court for the Central District of California, on February 24, 2011. In re Balas...

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Would-be Carvel heiress files Chapter 11

02/24/11

"First of all, it’s a “pro se” filing, which means there’s no attorney. Carvel could have done it herself, or perhaps she had a financial adviser prepare it. Even more strange is that Carvel declares assets of $32 million and...

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US bankruptcy claims trading at 18-month low

02/24/11

"The number of U.S. bankruptcy claims that traded in January fell to the lowest level since July 2009 as more companies emerged from Chapter 11, according to data released on Tuesday." Read more here.

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Ex-Taylor, Bean exec pleads guilty in fraud case

02/24/11

"The former treasurer of bankrupt Taylor, Bean & Whitaker Mortgage Corp, Desiree Brown, pleaded guilty on Thursday to conspiracy for one of the biggest fraud cases so far stemming from the U.S. mortgage meltdown." Read more here.

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3 companies seek bankruptcy amid weak commercial real estate market

02/21/11

"The beleaguered Las Vegas commercial real estate market was hit with three more bankruptcies last week." Read more here.

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Bankruptcy for Las Vegas' BB King Blues Club owner

02/21/11

"The owner of the B.B. King's Blues Club in the Mirage hotel and casino on the Las Vegas Strip has filed for bankruptcy protection, court records show. The filing comes as Las Vegas tries to recover after being hit hard...

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Bears’ Duerson had pending personal bankruptcy

02/21/11

"Former Chicago Bears safety Dave Duerson, who committed suicide last Thursday in Sunny Isles Beach, Fla., had filed for voluntary personal bankruptcy last September in a case that was still pending." Read more here.

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Bankruptcy Judge Clears Borders Store Closings

02/21/11

It's official. Borders will be closing 200 of its superstores throughout the nation, including 35 here in California. The doomsday list includes the Pasadena location, the Century City Mall store, and the Howard Hughes Center store. Call me a cynic,...

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JPMorgan says Lehman called assets "goat poo"

02/18/11

The bank has revised a lawsuit to include an allegation of fraudulent inducement to lend, asserting that Lehman and Barclay's knew that Chase's emergency loans would never paid back. Read more here.

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