Bankruptcy Blogs

Bankruptcy Judges: How Are They Picked?

07/09/13

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Bankruptcy judges are selected by the Judges of the Circuit Courts of Appeal for their Circuit.  I have no idea why.

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Supreme Court to Consider Whether Stern Allows Waiver or Consent

07/08/13

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Owner Places Versace Mansion in Bankruptcy

07/08/13
Associated Press
This undated photo made available by Casa Casuarina shows the exterior of Casa Casuarina—the former Versace mansion—in Miami Beach, Fla.

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The Media's Role in the Reputation Equation

07/08/13

The mainstream press remains an important component of the broad conversations taking place around your brand.

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The Daily Docket: ResCap Files Exit Plan

07/08/13

Mortgage lender Residential Capital filed a bankruptcy-exit plan that would pay general unsecured creditors 36.3 cents on the dollar and free government-owned parent Ally Financial Inc. from any more obligations in the case. Read the Daily Bankruptcy Review article here.

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Federal Home Loan Banks' Fortunes May Be on the Rise

07/08/13

Buried in the Corker-Warner reform bill are two provisions that would give the Federal Home Loan banks an opportunity to play a major role in the new housing finance system.

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Early Release of Consumer Sentiment Data to End

07/08/13

Receiving Wide Coverage ...

Trader Sneak Peek Ending: Thomson Reuters will suspend providing a select group of investors with advance results of an important consumer confidence survey from the University of Michigan. The financial information company pays the school more than $1 million a year for the privilege of being the exclusive distributor of the report and releases the data two seconds early to about a dozen clients, who pay a hefty fee. Legal experts claim...

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Over Median? – Get Creative to Fit into Chapter 7

07/07/13

Chapter 7 offers many advantages over Chapter 13:

  • faster process – 5 months vs. 5 years
  • lower cost
  • more complete relief from debts

When I meet with a prospective client, I start my evaluation by by asking “can this person fit into a Chapter 7?”

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