Bankruptcy Blogs

Analysis of National Filings Prepared by the Administrative Office of the U.S. Courts

11/08/11

From the Hon. Scott Clarkson: These are the local comparisons to the national filings. This is public information. Please see the analysis below prepared by the Clerk's Office of the Central District of California reflecting a comparison of CACB to...

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Lawsuit against Madoff family grows to $226.4 mln

11/08/11

"The trustee seeking money for Bernard Madoff's victims has increased the size of his lawsuit against family members of the imprisoned Ponzi schemer to $226.4 million. Irving Picard, the trustee, in an amended complaint, said the Madoffs were 'completely derelict'...

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Dodgers Judge Approves Six Days of Legal Fees, Overruling U.S. Trustee

11/08/11

"The Los Angeles Dodgers won initial court approval to pay the team’s bankruptcy lawyers fees for six days of work that had been challenged by the U.S. Trustee. U.S. Bankruptcy Judge Kevin Gross said today the work was necessary for...

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The Daily Docket: Dynegy Holding Company Enters Bankruptcy

11/08/11

Dynegy Inc.’s holding company filed for Chapter 11 protection Monday night, The Wall Street Journal reports. The bankruptcy filing could cause bondholder losses without harming shareholders of the parent company.

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Student Loans In Bankruptcy

11/08/11

  At least the graduate in the picture has a job.  Being that is involves wearing a chicken suit, it might not produce enough scratch to pay off his share of the more than $1 trillion dollars in student loan debt now owed in our country. (image credit dreamstime) The issue is no this site [...]

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Why Do-It-Yourself Bankruptcy Filing Is Like Buying Pills Without A Doctor

11/08/11

Just like the prescription for a medicine, the bankruptcy filing is part of the treatment plan. Unless you take the right drug, at the right time, in the right amount you risk a serious problem. With bankruptcy you only file in the right way, at the right time, with the right planning or you will risk a serious problem. There are no do-overs in the bankruptcy court.

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Liquidating Trust in Advanta Corp. Bankruptcy Files Preference Actions

11/07/11

Introduction

Earlier this month, the Liquidating Trust in the Advanta Corp. bankruptcy proceeding began filing preference complaints in the Delaware Bankruptcy Court.  Advanta and certain affiliates ("Advanta") filed for bankruptcy in Delaware in November of 2009.  As stated in the Liquidating Trust's complaints, Advanta was at one time one of the largest issuers of "business purpose credit cards" in the United States. 

Background

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Liquidating Trust in Advanta Corp. Bankruptcy Files Preference Actions

11/07/11

Introduction

Earlier this month, the Liquidating Trust in the Advanta Corp. bankruptcy proceeding began filing preference complaints in the Delaware Bankruptcy Court.  Advanta and certain affiliates ("Advanta") filed for bankruptcy in Delaware in November of 2009.  As stated in the Liquidating Trust's complaints, Advanta was at one time one of the largest issuers of "business purpose credit cards" in the United States. 

Background

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Not Sure If Your Are Eligible to File Bankruptcy Again?

11/07/11

You want to file bankruptcy but you are not sure if you are eligible to file again. There is a quick an easy way to see if you MIGHT be eligible to file and receive a discharge. On the top line of the image above choose the case that you have filed in the past. [...]

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Insolvency Law Committee Constituency List -- Bankruptcy e-Bulletin

11/07/11

Bankruptcy e-Bulletin November 7, 2011 Dear Insolvency Law Committee Constituency List members: The purpose of this eBulletin is to provide information about the Office of the United States Trustee – Central District of California – Region 16’s recent implementation of...

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