Bankruptcy Blogs

Jefferson County Trying to Avoid Bankruptcy

09/16/11

Jefferson County, Alabama, has been on the brink of bankruptcy for months now.   The County Commission voted recently to hire two bankruptcy attorneys to handle a potential filing, and has projected that a Chapter 9 filing would cost the county about 1 million dollars a month. The county has not made full payments to bond [...]

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Deloitte Blurs Lines to Court Mutual Funds

09/15/11

Global accounting firms haven't been drawing lines between audit services and everything else all that strictly.

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Uncertainty on REITs Stalls Housing Market

09/15/11

The SEC release questioning many long-standing features of mortgage real-estate investment trusts is an unfortunate development for the market as it will delay capital raising efforts and IPOs.

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Another Court Says Reaffirm Personal Liability On Mortgage Or Face Foreclosure

09/15/11

Another bankruptcy court decision on reaffirmation of mortgage loans. Bankruptcy debtors have always understood that they had to reaffirm their liability for car loans if they wanted to keep the car through bankruptcy. Many debtors over the years believed they did not have to reaffirm secured loans such as home mortgages. A Middle District bankruptcy court ruled a couple years ago that a mortgage lender could demand the homeowner reaffirm personal liability on mortgage debt.

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Is it time to make (some) student loans dischargeable in bankruptcy?

09/15/11

Congtressman Clarke makes a modest proposal The latest news out of the Department of Education is that student loan default rates have risen 25% over previous figures, and the increase is especially pronounced among for-profit colleges.  This should come as no surprise in dismal economy, but the economy is a copout to the real problem [...]

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Bankruptcy means test: Watch out for January 2012!

09/15/11


Your bankruptcy means test may be too high if you file your bankruptcy case in January 2012.

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The Daily Docket: NHL’s Dallas Stars Poised to File for Bankruptcy

09/15/11

The National Hockey League’s Dallas Stars team is expected to file for Chapter 11 bankruptcy in Wilmington, Del., within the next day, said a source familiar with the team’s plans. Read Eric Morath’s story in the Daily Bankrutpcy Review here.

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Joliet Bankruptcy Attorney & The Bankruptcy Court Date

09/15/11

 The bankruptcy court date is commonly referred to as the 341 meeting.  It’s also called the meeting of creditors.  Now clients are understandably nervous about this date.  In fact, in truth, I’ve heard many clients tell me that the 341 meeting was a lot easier than they ever expected it to be.  One question clients [...]

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