Bankruptcy Blogs

Moo & Oink Beefs Up Auction Block

11/15/11

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month.

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Jefferson County Judge Known for ‘Rule-From-the-Bench' Style

11/15/11

"Thomas B. Bennett, the Birmingham, Alabama-based judge overseeing the biggest U.S. municipal bankruptcy, comes to court ready to rule, said attorneys who have appeared before him in his 16 years on the federal bench. Bennett, chief bankruptcy judge for the...

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Why Debtors Should Always Seek The Help Of A Bankruptcy Lawyer When Drafting A Chapter 13 Payment Plan

11/15/11

If you are overwhelmed with debt filing for Chapter 13 bankruptcy may provide some relief. Chapter 13 allows a debtor to restructure his debt, which can significantly improve a debtor’s financial position. However, there are many consequences, which can arise due to filing for bankruptcy. Debtors seeking bankruptcy protection should always consult a Tampa bankruptcy [...]

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How Does Bankruptcy Affect a Short Sale?

11/15/11

Bankruptcy & Short Sales In many cases, those on the verge of bankruptcy have been pressed to the financial brink due to a problem with an underwater mortgage. There are few solutions to mortgage problems, one of the best-known being a short sale. In theory, a short sale involves selling your troubled home and getting [...]

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The Daily Docket: Lehman Reaches Deal With Trustee

11/15/11

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily Bankruptcy Review article here.

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Guaranteed Student Loans is an Entitlement for Public Universities, Too

11/15/11

In a recent BLN post, I suggested that student loans used for “for-profit” colleges be dischargable in bankruptcy since they make up only 10% of the guaranteed student loan market but account for 50% of the defaulted student loans.   However, lest you think your sacred alma mater is above reproach, the evidence is clear that [...]

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Did Revisions To Bankruptcy Start A Revolution?

11/15/11

Last month, we marked the sixth anniversary of changes to the bankruptcy law.  The Bankruptcy Abuse Prevention and ConsumerProtection Act (BAPCPA or dis-affectionally called BARF by many in the field of bankruptcy) became operative on October 17, 2005.  And then the world changed. A little more than six months later, the Case-Shiller index of real estate [...]

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Will CFPB Make Policy via Rules - or Enforcement?

11/14/11

The Department of Justice's approach to fair lending cases during the 1990s illustrates the potential impact of creating policy through enforcement.

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Filing for Bankruptcy On Your Own: Never a Good Idea

11/14/11

One of the first things you learn in law school is: “only a fool has himself for a client”. It is hard to imagine a situation that this truism applies more to than filing bankruptcy. While individuals may represent themselves in bankruptcy court and file a bankruptcy case without an attorney or “pro-se,” it is [...]

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Congressman Ruben Hinojosa files updated schedules of assets and income

11/14/11

Congressman Ruben E. Hinojosa who is battling the author a San Antonio Bankruptcy Attorney about the Congressman’s sealed bankruptcy petition, has filed amended schedules of assets, income, and expenses.  While this is routine in reorganizations as more things come to light and things change, it might be interesting to the reader to get a more detailed [...]

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