Bankruptcy Blogs

I wrote about attorney fees as a means test deduction some time ago.  BAPCPA’s provision, codified at section 707(a)(2)(A)(iv) of the Bankruptcy Code, says that priority claims are deducted from income.  Priority claims include a Chapter 13 debtor’s counsel’s fees.  See sections 507(2), 503(b)(2), and 330(a)(4)(B).  Therefore, our attorney fees are a means test deduction.  Oddly, the [...]

With default rates and bankruptcy filings earnestly sticking near their all-time lows but loads of debt coming due very soon, finding distressed opportunities is a two-pronged game of waiting while still identifying sectors that need help now, three industry veterans said Wednesday.

Kredytobiorcy mogą odczuć ulgę po dzisiejszej decyzji szwajcarskiego banku centralnego. W jego wyniku kurs franka spadł o 33 grosze, a rata kredytu nawet o 180 zł. Nie każdy kredytobiorca, który ma dziś płatność raty może jednak zyskać aż tak dużo.

Conspicuously absent from the bankruptcy filing is mention of the $500 million dollar loan that the federal government made.  The only thing filed is a notice of appearance.  Two class actions were filed under the WARN Act (Worker Adjustment and Retraining Act) which requires 60 days notice of layoffs which apparently was not complied with [...]

Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. Read the Daily Bankruptcy Review article here.