Bankruptcy Blogs

Bankruptcy Means Test: New Case Allows Three Vehicle Operating Expenses

08/06/11

If you’re considering filing bankruptcy, you probably already know how important it is to properly complete Form B22, the bankruptcy means test, which determines whether you are eligible to file chapter 7, or whether you must instead file a repayment chapter 13 case.  The means test also affects how much you must pay into a [...]

[more]

Why U.S. Banks Have Little to Fear from Sovereign Debt Downgrade

08/06/11

The downgrading of U.S. government debt by Standard & Poor's Friday evening is a grim milestone in the history of American finance-and one that will be parsed in excruciating detail in coming days-but the ultimate practical impact on financial institutions seems likely to be minimal in the short term. The reasons are many.

[more]

Ousted Owner Cooks Up Plot to Buy Giordano’s

08/05/11
Melanie Cohen

The ousted owner of the

[more]

Can a Foreclosure Sale be Set Aside as a Preference in Bankruptcy?

08/05/11

It is commonly understood that bankruptcy law affords no basis to set aside a prepetition foreclosure sale, even if the sale generated far less than the fair market value of the property, as long as the sale was conducted in a procedurally proper manner under state law.   That understanding may be an oversimplification, according to [...]

[more]

Redundancy in SBA Programs Stalls the Recovery

08/05/11

Changing the 7(a) rules to move commercial real estate loans exclusively to the 504 program would immediately free up millions of dollars in working capital and start-up loans for small businesses.

[more]

Want to Make Sales? Try Hiring a Sales Force

08/05/11

We're doing almost nothing to deliver a branch experience that resembles any kind of profitable "store" experience.

[more]

Las Vegas Real Estate Agent Pleads Guilty to Tax Fraud and Bankruptcy Fraud Charges

08/05/11

"German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding, the Justice Department and the...

[more]

Dodgers, MLB submit loan agreement to bankruptcy court

08/05/11

"The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday, under which the league would loan the Dodgers the money needed to get through the season at 7% interest and would not...

[more]

The Broke and the Beautiful: Reality TV Edition

08/05/11
Getty Images

This week on The Broke and the Beautiful, Toni Braxton loses the blues in bankruptcy court, the Salahis crash the fashion section of the New York Times, and the L

[more]

How is a Short Sale Different from a Foreclosure?

08/05/11

With the housing market the way it is, many people want to know: what is the difference between a short sale and a foreclosure sale?  And what difference does it make in bankruptcy?   In a short sale, you have defaulted on your loan and cannot make the payments, but your lender decides to allow [...]

[more]