Bankruptcy Blogs

 By: David N. Saponara

St. John’s Law Student

American Bankruptcy Institute Law Review Staff

Duffy’s Testimony Contradicts Corzine When MF global filed for bankruptcy on October 31, it was the nation’s 8th largest bankruptcy filing. Controversy has surrounded Corzine and the demise of MF global largely due to $1.2 billion in missing client funds as well as all-in bets on risky European debt. Corzine has repeatedly denied knowledge of [...]

Believe it or not, the vast majority of bankruptcy lawyers, I would say 95% or higher, take their ethical obligations very seriously. We value the oath that we took when we received our license and honor it daily by dispensing advice in the best interests of our clients. Like doctors advising lifestyle modifications or prescribing [...]

Despite recent sweet talk about building better relationships and regaining trust, few banks are taking meaningful steps to do either. This may require some time in therapy.

The U.S. Supreme Court will rule this term in RadLAX Gateway Hotel Inc. v.