Bankruptcy Blogs

A Supreme Masquerade

10/26/12
Associated Press
Michael Mancini, who impersonated a bankruptcy lawyer, often called himself a name similar to Supreme Court Justice Antonin Scalia.

Hear

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The Broke and the Beautiful: Sharp-Dressed Men Edition

10/26/12

This week on The Broke and the Beautiful, a senator from New York wants to keep Hickey Freeman’s operations domestic, a museum did more than entertain the notion of bankruptcy, and a music festival has called it quits.

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Use Tech to Boost, Not Bypass Customer Relationships

10/26/12

It is one thing to see an irrelevant ad on a billboard in Las Vegas, but it's quite another to get an irrelevant message from an institution who knows more about me than many of my relatives.

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How to Loosen the 'Qualified Mortgage' Straitjacket

10/26/12

The Dodd-Frank QM rule will restrict the availability of credit, but it can be less invasive if the CFPB develops a model that weighs all relevant risk factors, not just a few measures of capacity to repay.

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Libor Probe Widens; When Acquisitions Turn Rotten; Pandit Was Pushed

10/26/12

Receiving Wide Coverage ...

Libor Probe Widens: You can add nine more big banks to the already too-long list of financial institutions being investigated for alleged attempts to rig the London interbank offered rate. New York Attorney General Eric Schneiderman (we're sure that name sounds familiar) and Connecticut Attorney General George Jepsen have issued subpoenas to Societe Generale, Royal Bank of Canada, Bank of America, Credit Suisse, Bank of Tokyo Mitsubishi UFJ Ltd., Norinchukin Bank, Rabobank,...

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The Daily Docket: Berkshire Wins ResCap Loans

10/26/12

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Importance of Proper Planning: Partnership & Trust Assets of Deceased Spouse Become Property of Bankruptcy Estate

10/26/12

A recent opinion involves the convergence of a family partnership, will and probate estate, trust and Bankruptcy estate and highlights the need for appropriate planning and quality legal advice for each step in order to avoid a negative result years down the road.

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Should I Be Worried About Going To My Meeting of Creditors?

10/26/12

After you file a bankruptcy case, you are required to attend a meeting of creditors.  This is scheduled for about a month after your petition is filed, and is usually the only appearance you will need to make during the bankruptcy process. Should you be nervous about it? Probably not, especially if your bankruptcy lawyer knows what he or she is doing.

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Two Supreme Court Decisions Turn on Statutory Language

10/25/12
In two bankruptcy appeals decided this summer, the Supreme Court faithfully followed congressional intent in one case, while finding that the language used by Congress did not quite do the job in the other.    In RadLAX Gateway Hotel, LLC v. Amalgamated Bank, 132 S.Ct. 2065, 182 L.Ed.2d 967 (2012), the Court put In re Philadelphia Newspapers, LLC, 599 F.3d 298 (3rd Cir.
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Bankruptcy Online: Why Consumers Turn To The internet

10/25/12

Every month there are a staggering 4,000,000 online monthly searches for the term “bankruptcy” on Google. Why? It’s not just the struggling economy. In fact, most bankruptcy lawyers will tell you that a weak economy actually brings bankruptcy filings down because consumers can’t afford legal fees when times are tight. Make no mistake, people go [...]

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