Bankruptcy Blogs

Non-Collusive Mortgage Foreclosure Held Preferential

03/06/12

 By: Adam S. Cohen

St. John’s Law Student

American Bankruptcy Institute Law Review Staff

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U.S. Should Follow Kenya's Lead on Mobile Payments

03/06/12

It's time IT professionals, telecommunications experts and bankers in the U.S. to immerse themselves in the African-spawned technical and marketing innovations around mobile payments.

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Fifth Circuit Rules That Stern v. Marshall Does Not Invalidate Action By Magistrates

03/05/12
In a ruling that could shed some light (but not very much) on the authority of bankruptcy judges, the Fifth Circuit has ruled that a magistrate's ruling in an insurance coverage dispute did not run afoul of the Supreme Court ruling in Stern v. Marshall, ___ U.S. ___, 131 S.Ct. 2594 (2011). Technical Automation Services Corp. v. Liberty Surplus Insurance Corporation, No. 10-20640 (5th Cir.
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Welcome to the #1 “Reader Rated” Bankruptcy Blog

03/05/12

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Megabanks Need Their Own Lobbying Group

03/05/12

There are many trade associations for banks, but none explicitly for the top five. With the continued calls for the dismemberment of the biggest banks, new representation is needed more than ever before.

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Madoff Trustee Gets Call on Borderline Pitch - Judge "Skeptical" But Does Not Dismiss Claims Against Mets' Owners

03/05/12

On the surface, Irving Picard, the trustee of Bernard L. Madoff Investment Securities LLC (“BLMIS”), had a very good day. Judge Jed S.

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The Frustrating Saga of Loan Modifications

03/05/12

By: Aaron Huff Over the last few years, a new buzz term has enterred the vocabulary of our troubled economy.  Loan Modification.  The mortgage creditors make it sound so easy.  The President and Congress make it a talking point as if it were a “fix” for our housing and mortgage crisis.  But is it anything [...]

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Judge Frees Travelers From Big Payout for Manville Asbestos Creditors

03/05/12

A federal judge recently freed insurer Travelers from obligations to pay out $510 million in long-running litigation over asbestos liabilities in the three-decade-old bankruptcy of Johns Manville Corp.

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Homestead Exemption Upheld Despite $184,000 Investment Within 10 Years Of Bankruptcy

03/05/12

The 2005 bankruptcy law contains a provision which intends to stop debtors from converting non-exempt funds in to homestead properties otherwise exempt under state law. The Code section provides for loss of homestead exemption to the extent a Chapter 7 debtor used non-exempt assets, such as cash, to buy a homestead within 10 years preceding bankruptcy bankruptcy  when the debtor purchased the homestead with the intent to defraud creditors.

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