Bankruptcy Blogs

One possible avenue to save your home from foreclosure may be to file for Chapter 13 bankruptcy relief and then to negotiate with the mortgage servicer for a mortgage modification while the Chapter 13 bankruptcy is pending. The filing of the bankruptcy stops the progress of the foreclosure action and may give the homeowner many months to negotiate a modification. Perhaps the mortgage company may be more willing to allow a mortgage modification if faced with the alternative of a Chapter 13 bankruptcy plan.

Big banks' alleged manipulation of Libor may have been unethical, but the FDIC faces long odds in proving that their actions caused community banks to fail.

Mega bankruptcy cases are usually mega expensive.

Successor liability is often a concern for the acquirer when purchasing substantially all of a seller’s assets.  While this risk is well known, the circumstances under which an acquirer will be found liable under the theory of successor liability are less clear.  The recent decision in Call Center Techs., Inc. v Grand Adventures Tour & Travel Pub. Corp., 2014 U.S. Dist. Lexis 29057, 2014 WL 85934 (D. Conn. 2014), sheds helpful light on this issue by defining the continuity of enterprise theory of successor liability.

There’s nothing like a little humor to lighten up a conference about bankruptcy.

Last week’s American Bankruptcy Institute conference—the country’s largest gathering of restructuring professionals—kept it goofy by challenging attendees to a Twitter contest.

The rules? Post creative phrases that incorporate two words that are spoken frequently within the industry: cramdown and discharge. (Yes, we thought the same thing. The contest rules noted that entries should be “tasteful.”)