Bankruptcy Blogs

Transactional Attorney Ethics

09/28/12

The responses to my post on Scott Brown's activities as a real estate attorney make me think that I need to tee up a broader issue:  the role of attorneys in the financial crisis.  

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The Entertainment and Sports Programming Network Looks at Bankrupt Athletes

09/28/12

In its acclaimed "30 for 30" series, ESPN is airing a show about professional athletes who go bust after leaving their sport. From ESPN's web site (which also has a trailer for the show):

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Dewey Ex-Partners Throw the Bankruptcy Bonus Book at Canellas

09/28/12
Reuters

Dewey & LeBoeuf LLP could be on track to make legal history if ex-partners get their way in a fight over a proposed $165,000 bonus for finance chief Frank Canellas.

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The Broke and the Beautiful: Legendary Edition

09/28/12

This week on The Broke and the Beautiful, Digital Domain creative leaders want a happy ending, and a Lynyrd Skynyrd-themed restaurant finds a sweet home in bankruptcy. Also this week, a Ponzi-scheme operator disputed a lawsuit involving musician John Mayer.

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Tuesday’s Gone, and So’s My Job

09/28/12
The restaurant is behind this wall.

There isn’t much left of Lynyrd Skynyrd BBQ & Beer—just a white wall and a group of shocked employees.

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10 Things to Know About Tarp Transactions

09/28/12

There will be some complex decisions for those involved in Tarp situations, particularly with regard to banks that are likely to fail if they are not acquired or recapitalized. Here's what to consider before you make them.

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Wheatley Orders Major Libor Makeover, Goldman Settles Pay-to-Play Charges, Being Ben Bernanke

09/28/12

Breaking News This Morning ... $2.4B to Make It Go Away: Bank of America agreed to pay $2.43 billion to settle a class-action lawsuit brought by investors who claimed, among other things, that the bank misled them about the health of Merrill Lynch, which B of A was in the process of buying. B of A denies the allegations, but said it just wanted to put the dispute to rest. "Resolving this litigation removes uncertainty and...

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Is Deficiency Judgment or Short Sale Note a Consumer Debt in Bankruptcy Means Test?

09/28/12

Chapter 7 bankruptcy debtors are excused from the means test if their debts are primary non-consumer debts. The distinction between what is a consumer debt and what is a non-consumer debt is sometimes unclear. Mortgage debt on the debtor’s primary residence is a consumer debt.

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The Daily Docket: Lehman, IRS Reach Deal

09/28/12
Reuters

Lehman Brothers Holdings Inc.

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