Bankruptcy Blogs

The Freddie Mac Gnomes Didn't Know?

09/06/11

It is hard to believe from what's been disclosed in the subprime aftermath that Fannie and Freddie executives didn't know a lot more about the risks than the FHFA court filings indicate.

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In re: ELIZABETH KATHERINE LOVING, Debtor. ELIZABETH KATHERINE LOVING, Plaintiff, v. UNITED STATES OF AMERICA, Defendant

09/06/11

Attorney, Mobile, Alabama Arthur P. Clarke, Attorney for the Debtor, Mobile, Alabama In re: ELIZABETH KATHERINE LOVING, Debtor. ELIZABETH KATHERINE LOVING, Plaintiff, v. UNITED STATES OF AMERICA, Defendant. Case No.: 11-01439-MAM-7 Adv. Proc. No.: 11-00141 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF ALABAMA MOBILE DIVISION Dated: August 29, 2011 ORDER GRANTING MOTION FOR SUMMARY JUDGMENT [...]

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Discharge of Tax debt in Bankruptcy: 3 time rules to remember

09/06/11

To be able to discharge a tax debt, the tax needs to be older than 3 years, correct? I think this what normally people including myself normally remember about discharging taxes.  Let’s see on a recent case: 4.8.11 client filed bankruptcy hoping to discharge 2007 income tax. Correct or not? Well, there are full three [...]

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Civility in litigation

09/06/11

From: Ayer, John Sender: Bankruptcy law discussion list To: [email protected] ReplyTo: Ayer, John Subject: FW: Civility in litigation. Sent: Sep 6, 2011 1:42 PM Students of civility in litigation may want to consider a fascinating blog post by Keith Humphreys,...

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Borders Seeks Six-Figure Payments for Ex-CEO, Others

09/06/11
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On the same day Borders Group Inc.’s rank-and-file employees sued over not receiving proper notice of their terminations, the failed bookseller asked to make six-

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Changing or Converting from Chapter 13 to Chapter 7 After Filing

09/06/11

One of the most common questions that we get here in the office from clients or potential clients who are considering filing Chapter 13 bankruptcy regards changed circumstances while you are in Chapter 13 bankruptcy.  What will happen if our income goes down?  What will happen if we lose our jobs?  What if we decide [...]

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Some Thoughts on Chapter 11 Venue

09/06/11

So Adam has come out in support of HR 2533, a bill which would force corporations to file in the jurisdiciton of their corporate headquarters.

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'Procedures Matter' in Foreclosure; Do Outcomes Matter More?

09/06/11

Is it worth delaying a bottoming-out of the housing market, and allowing some delinquent borrowers to freeload for a time, in order to prevent the rare but documented instances of someone being wrongly foreclosed on?

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