Bankruptcy Blogs

Can I Go to Jail For Not Paying My Bills?

09/28/11

  Yup. Scared?  Well, it just not so simple as that, so don’t believe the collectors when they call and say they will have you arrested and put in jail for not paying a debt.  While it is possible, there are a lot of safeguards for consumers in financial trouble. Let’s start with the basics. [...]

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Chapter 7 Bankruptcy Usually Will Not Stop Ongoing State Court Litigation To Establish Debtor Liability

09/27/11

There is some confusion about the automatic stay; some debtors don’t anticipate exceptions to the effect of bankruptcy upon their creditor actions. Bankruptcy stops collection of debts, but bankruptcy does not always stop creditor’s ongoing lawsuits to establish a judgment and their right to collect money from the debtor.

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No Bailing on Basel

09/27/11

The U.S. has lost the regulatory high ground. The rest of the world is embracing Basel III. We can no longer afford to go it alone and assume the world will follow.

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A Plan for Regaining Customer Trust

09/27/11

Financial services can actively contribute to making people's lives better and deliver profits for providers. The Compass Principles provide a roadmap for answering the question, "How?"

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L.A. Law Star’s Ex-Company Enters Bankruptcy

09/27/11
AP Photo/Akron Beacon Journal, Karen Schiely
In this Nov.
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Dodgers Fans to McCourt: Show Us the Money In Bankruptcy Court!!

09/27/11

"Los Angeles Dodgers season ticket holders want to make sure Frank McCourt isn't screwing them over in the team's bankruptcy proceedings -- and they've filed a motion to make sure they're protected. Attorneys representing a handful of season ticket holders...

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Deloitte sued for $7.6B in mortgage fraud case

09/27/11

"A pair of lawsuits filed Monday claim that Deloitte & Touche LLP, one of the nation's largest accounting firms, should pay $7.6 billion in damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage...

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Solyndra cleared for October 27 bankruptcy auction

09/27/11

"Solar panel maker Solyndra LLC, which filed for bankruptcy after borrowing $535 million from the U.S. government, on Tuesday was cleared to begin a quick sale process that some creditors criticized as 'rushed.' U.S. Bankruptcy Judge Mary Walrath in Delaware...

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Dodgers fight MLB request for control of team

09/27/11

"The Los Angeles Dodgers fought back against Major League Baseball's attempt to wrest control of the bankrupt baseball team from Frank McCourt, asking a federal court to delay considering the league's requests to sell the team and throw out its...

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