Bankruptcy Blogs

How Bankruptcy Impacts a Cosigner

08/30/11

How bankruptcies affect cosigners When filing for bankruptcy, it’s important to understand the consequences. Although most of the consequences will fall squarely on you, a bankruptcy could have negative ramifications on your cosigners. Even though it’s always crucial to do what’s financially beneficial, it’s also vital to understand how it will affect your cosigners. Here [...]

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Train Everyone in Sales - From the Top Down

08/30/11

If you are going to be in banking in the future, you are going to be "in sales."

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Chapter 13 vs Chapter 7

08/30/11

Chapter 7 vs. Chapter 13 Bankruptcy Through years of practice, I have lost track of how many times I am asked the question, “What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy, and what is the best option for me?”  Every time that I am asked that question, I give the same [...]

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Keeping Up With

08/30/11

For those Slips readers who are not regular Bloomberg people, I highly recommend today's bit from Bill Rochelle about the 5th Circuit's recent bankruptcy decisions, and the role of Chief Judge Jones.

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Rising Elderly Population May Increase Bankruptcy Filings

08/30/11

The oldest of the baby boomers are just now reaching the age of retirement, and with that comes a series of new concerns.  The average cost of a nursing home today is somewhere around $7,000 a month, and that number is only on the rise.  For adults who need special assistance, such as Alzheimer’s patients, [...]

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Salahis Plan Winery Comeback

08/29/11
EPA/Matthew Cavanaugh
Tareq (left) and Michaele Salahi

Virginia wine country meets Hollywood.

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Risk-Retention Rules Set Up the Private Investor for Failure

08/29/11

By embedding new, modest but ill-defined one-size-fits-all requirements in legislation, the Dodd-Frank Act further politicized the determination of risk retention requirements.

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Pets and Chapter 13

08/29/11

Below are two comments posted on a Bankruptcy Law Listserve: -Pets? Anyone got some brilliant way to use pet and veterinary expenses to lower disposable monthly income in a chapter 13 bankruptcy? -See if you can get a doctor's prescription...

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Summer 2011 Edition Of Bankruptcy Resource Now Available

08/29/11

The Summer 2011 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the bankruptcy and workout area.

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