Bankruptcy Blogs

A federal judge allowed Stockton, Calif., to restructure its finances under bankruptcy protection Monday, but he signaled it might have to cut payments to its pension fund, possibly setting a precedent for other cities. Read the Daily Bankruptcy Review article The Wall Street Journal.

The City of New Orleans, where I practice as a consumer bankruptcy attorney, is home to all branches of the United States Armed Forces.

When Congress overhauled the Bankruptcy Code in 2005, it directed bankruptcy watchdogs to ferret out fraud by auditing consumer debtors—audits those watchdogs can no longer afford.

As discussed in an earlier post called "Going Up: Bankruptcy Dollar Amounts Will Increase On April 1, 2013," various dollar amounts in the Bankruptcy Code and related statutory provisions were increased for cases filed on or after today, April 1, 2013. Now several official bankruptcy forms have been revised to reflect these new dollar amounts.

Receiving Wide Coverage ...

In Cyprus, Patrolling Borders, Pointing Fingers: Cyprus is trying to tighten its borders against attempts by some depositors to bypass capital controls on banks and move money off the island, the FT reports. Police have upped patrols in the southern town of Limassol in an effort to frustrate efforts to extract money from the island by boat. Rules in place since Thursday prevent depositors from taking more than 1,000 euros a day...