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Can you Strip down a vehicle loan in Chapter 13?

07/13/11

I heard that you can keep your vehicle in Chapter 13 and pay less than your vehicle’s outstanding loan balance. Is this true? In all situations filing a Chapter 13 bankruptcy petition will allow you to keep your vehicle. Even if you are behind on your vehicle payments by several months or more, a Chapter [...]

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Fourth Circuit Affirms Bankruptcy Court Finding that LandAmerica Employees’ Severance Benefit Plan Claims Entitled to Priority Under Bankruptcy Code Section 507(a)(4)

07/12/11

In an opinion dated July 6, 2011 (a copy of the opinion is embedded below), the Fourth Circuit Court of Appeals affirmed a decision of Bankruptcy Judge Kevin R. Huennekens of the United States Bankruptcy Court for the Eastern District of Virginia. In the opinion (captioned Bruce H. Matson, Trustee of the LandAmerica Financial Group, Incorporated [...]

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Is Netflix’s Value Too High? (WSJ Video)

07/12/11

Summary: MarketWatch reporter Rex Crum looks at the valuation of Netflix, whose stock price has recently topped $300 per share. He looks at the brand quality, competition and growth.   View the video on our blog: http://blog.ch11cases.com/2011/07/is-netflixs-value-too-high-wsj-video.html

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Euro Hammered Following Uncertainty (WSJ Video)

07/12/11

Summary: The euro is getting hammered after European finance ministers issued a vague statement that did not reassure global market watchers, Dow Jones Newswires’s Katie Martin reports.   View the video on our blog: http://blog.ch11cases.com/2011/07/euro-hammered-following-uncertainty-wsj.html

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Small Businesses Paint Bleak Jobs Picture (WSJ Video)

07/12/11

Summary: A survey of small business owners shows a lack of confidence in the U.S. economy. More than two-thirds indicated they do not plan to add payrolls in 2011 or 2012. WSJ’s Siobhan Hughes reports.   View the video on our blog: http://blog.ch11cases.com/2011/07/small-businesses-paint-bleak-jobs.html

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Will the EU Let Greece Default? (WSJ Video)

07/12/11

Summary: EU President Herman Van Rompuy called a meeting of top policy makers to discuss plans for a second bailout package for Greece. Katie Martin discusses whether the EU will let Greece default this time around and whether Spain or Italy could be next?   View the video on our blog: http://blog.ch11cases.com/2011/07/will-eu-let-greece-default-wsj-video.html

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Omega Navigation Enterprises (ONAV) Voluntarily Files for Bankruptcy Protection in Texas

07/12/11

A group of affiliated companies - Omega Navigation Enterprises, Inc.; Galveston Navigation Inc.; Beaumont Navigation Inc.; Carrolton Navigation Inc.; Decatur Navigation Inc.; Elgin Navigation Inc.; Fulton Navigation Inc.; Orange Navigation Inc.; Baytown Navigation Inc.; and Omega Navigation (USA) LLC – voluntarily filed for chapter 11 bankruptcy protection on Friday in the Federal bankruptcy court in Houston, Texas.  The companies [...]

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ArchBrook Laguna Holdings Files for Chapter 11 Bankruptcy Protection in New York

07/12/11

ArchBrook Laguna Holdings LLC and several affiliated companies – ArchBrook Laguna New York, LLC; ArchBrook Laguna, LLC; ArchBrook Laguna West, LLC; Expert Warehouse, LLC; Lehrhoff ABL, LLC; and Chimerica Global Logistics, LLC – voluntarily filed for chapter 11 bankruptcy protection in New York City on Friday. The companies plan to use the bankruptcy filings to [...]

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Goldman Sachs’ Chief U.S. Economist: 15% to 20% Chance of Renewed Recession in 2012

07/12/11

In a WSJ interview, Goldman Sachs’ chief U.S. economist Jan Hatzius says he sees a 15% to 20% chance of renewed recession next year. However, his baseline forecast is still for a resumption of stronger growth in the second half of 2011 and into 2012.   View the video of the interview on our blog: http://blog.ch11cases.com/2011/07/goldman-sachs-chief-us-economist-15-to.html

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Read the 11th Circuit’s Opinion Affirming the Denial of a Motion to Amend Bankruptcy Claims Post-Confirmation from the Winn-Dixie Stores Bankruptcy Cases

07/12/11

The Eleventh Circuit Court of Appeals affirmed a district court decision (which had, in turn, affirmed a bankruptcy court decision) sustaining the debtors’ (Winn-Dixie Stores, Inc. et al.) objections to the appellants’ (IRT Partners, L.P. and Equity One, Inc.) attempt to amend their claims post-confirmation of the debtors’ plan of reorganization. The claims arose in [...]

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