Bankruptcy Blogs

"Former FBI director Louis Freeh was appointed trustee in the MF Global (MFGLQ.PK) bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex abuse scandal at Penn State University. Freeh, also a former...

The words Mortgage Modification and/or Mediation and Bankruptcy were never used in the same sentence because we all know that a debtor in Chapter 13 cannot use the Bankruptcy Code to modify a primary mortgage on their residence.  However, in the wake of this economic challenge, the winds of change are blowing, and we are [...]

Banks are going to need to make hard decisions to exit some traditional businesses. The question is how to do it to maximize what you get at the exit, and in such a way that remaining businesses can thrive.

Bankruptcy trustees in California and elsewhere were notorious for holding a Chapter 7 case open while real estate prices rose (hah!  remember those days?) above the protected values.  The trustee would then sell the home, forcing a debtor to move – and spend the protected part of the sale proceeds to do so -  while recovering money for [...]

Some Believe Bankruptcy Laws Exacerbated Housing Market Crisis in Arizona   Could laws changing the requirements for filing bankruptcy worsen or even cause the housing crisis we have seen in the United States over the last three years?  Some believe so, and are arguing that the law should be repealed. In 2005, Congress passed a [...]