Bankruptcy Blogs

Southern Division Judge Finds That Joint Tax Return is Not Entireties Property

03/25/13

Several bankruptcy courts in Florida have held that an income tax refund payable to a husband and wife from their joint tax return is considered to be tenants by entireties money which is exempt if one spouse files Chapter 7 bankruptcy. Now, one bankruptcy judge disagreed and reached a different conclusion.

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Middle District Bankruptcy Court Approves Lien Stripping In Chapter 7 Case, Although Judge Disagreed With Precedent

03/24/13

In May 2012 the Eleventh Circuit entered its opinion in  In re McNeal and seemingly approved the stripping of wholly unsecured second liens in Chapter 7 cases.  Since this was an unpublished opinion of a panel (and non-binding), and contrary to authority in other Circuits, lawyers have been watching to see what Bankruptcy Courts would do until the issue was decided by the full Circuit or the Supreme Court.&nbsp

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Middle District Bankruptcy Court Approves Lien Stripping In Chapter 7 Case, Although Judge Disagreed With Precedent

03/24/13

In May 2012 the Eleventh Circuit entered its opinion in  In re McNeal and seemingly approved the stripping of wholly unsecured second liens in Chapter 7 cases.  Since this was an unpublished opinion of a panel (and non-binding), and contrary to authority in other Circuits, lawyers have been watching to see what Bankruptcy Courts would do until the issue was decided by the full Circuit or the Supreme Court.  Many

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‘Girls Gone Wild’ and Out of Control?

03/22/13
Arnold Turner/Invision/Associated Press
In this Sept.
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Run around in the radiation

03/22/13

Some thoughts on the bankruptcy of solar panel maker Suntech, at Dealb%k.

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The Broke and the Beautiful: Put a Ring on It Edition

03/22/13

This week on The Broke and the Beautiful, a trustee for Yuri Sucart says a replica 2009 World Series ring belongs to Sucart’s bankruptcy estate. Also, 10 dresses worn by Princess Diana were sold, and they weren’t cheap.

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Dimon Should Embrace Big Bank Breakups

03/22/13

If he supported size regulations on big banks, JPMorgan's CEO would help revamp his increasingly tarnished image and help put the entire financial industry on the path to redemption.

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5 Ways Banks Can Prepare for Social Media Rules

03/22/13

Steps financial institutions can take to prepare for social media compliance with impending regulation from the Federal Financial Institutions Examination Council.

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