Bankruptcy Blogs

Most of us have interviewed for jobs:  as the interviewee, you come prepared to answer questions and make a pitch why you’re right for the job.

This week on The Broke and the Beautiful, “Real Housewife of New Jersey” Danielle Staub isn’t lighting up the TV screens but is instead starring in her own Chapter 7 case. Also, former Boston Red Sox pitcher Curt Schilling’s videogame company may need some consolation, and celebrity chef Pino Luongo’s restaurant has been filleted in bankruptcy.

On May 29, 2012, the Supreme Court ruled 8-0 that a debtor could not confirm a plan over a secured creditor’s objection if the plan provided for the sale of the secured creditor’s collateral free and clear of liens, but did not provide the secured creditor with the option of credit-bidding at the sale. RadLAX Gateway Hotel, LLC v. Amalgamated Bank, No. 11-166, 2012 U.S. LEXIS 3944 (U.S. May 29, 2012).

"I wouldn't want to be buying a foreclosure, then have the title examiner find that a robo-signer had participated in the process," says Massachusetts' register of deeds.