Bankruptcy Blogs

Security Firm Files for Bankruptcy

04/19/12
AFP/Getty Images

A company whose security guards patrol the White House filed for bankruptcy with an emergency request to transfer a series of its government contracts to a competitor, a move to ensure that Pres

[more]

Call for Papers - AALS 2013

04/19/12

The Creditors' and Debtors' Rights section of the Association of American Law Schools invites paper proposals for the January 2013 conference program.  The program theme is "The Great Deleveraging: Bankruptcy after the Crisis, Formal and Informal."  Complete information on the call for papers appears below the break.

[more]

The Daily Docket: Hostess CEO Seeks Pension Fix

04/19/12
Agence France-Presse/Getty Images

Hostess Brands Inc.’s chief executive says the contentious battle over union pension plans has become a “gate-keeping issue” in the case that

[more]

Self Employed Debtors Try To Manipulate Income For Means Test

04/19/12

Eligibility for Chapter 7 bankruptcy depends upon family income. An employee’s income is usually clearly determined by his payroll statements during the six months prior to filing. A self-employed debtor’s compensation from his own business typically varies month to month and is not cleanly stated on wage statements. Self-employed debtors can control their salary and distributions from their own business. I have been asked several times by self-employed debtors whether they can manipulate their income to make themselves eligible for Chapter 7.

[more]

FDIC Asks the Wrong Questions About Community Banks

04/19/12

The FDIC is right in its apparent concern about the declining numbers of community banks, but it is exploring areas and questions that are irrelevant to any solution.

[more]

Sit Back and RadLAX

04/18/12

I'm having trouble getting excited over RadLAX going before SCOTUS.

[more]

New Website Launches Bankruptcy-Focused PACER Alternative

04/18/12

For the Bankruptcy Beat team, PACER (which stands for Public Access to Court Electronic Records) is basically a way of life.

The federally mandated system, managed by the Administrative Office of the U.S. Courts, began in 1988 as a pilot program. It was expanded in 1998 basically to what it is now—online access to complete federal court case files.

[more]

For Citi's Pandit, $1 a Year Is About Right

04/18/12

Citigroup's shareholders have latched onto what was formerly a radical idea. Namely, that CEOs like Vikram Pandit should receive gigantic pay packages tied to performance only after they've actually performed. Wall Street bosses beware.

[more]

Section 108 Relief Automatically Available to Foreign Representatives in Chapter 15 Cases

04/18/12

By: Andrew J. Zapata

St. John’s Law Student

American Bankruptcy Institute Law Review Staff

 

[more]

Will the Supreme Court Protect Lenders on Collateral Bidding?

04/18/12

Credit bidding enables secured lenders to protect the value of their collateral by bidding up to the full amount of their claims at the sale auction. This right is now at stake.

[more]