Bankruptcy Blogs

Socialite and Wine Maven Files for Bankruptcy

06/21/11
Associated Press
Patricia Kluge hugs her son John Kluge, Jr. at the funeral for his father, philanthropist John W.
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Bankruptcy Judge's Free Online Research Binder Now Updated

06/21/11

I have posted in the past about the helpful research binder that former Judge Randall J. Newsome of the United States Bankruptcy Court for the Northern District of California had made available on the Bankruptcy Court's website. Although Judge Newsome has retired from the bench, fortunately Judge Charles Novack, also of the U.S.

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Bankruptcy Judge's Free Online Research Binder Now Updated

06/21/11

I have posted in the past about the helpful research binder that former Judge Randall J. Newsome of the United States Bankruptcy Court for the Northern District of California had made available on the Bankruptcy Court's website. Although Judge Newsome has retired from the bench, fortunately Judge Charles Novack, also of the U.S.

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Borders Compensation Adviser May Take Pay Cut

06/21/11
Associated Press

Mercer Inc., a leading consulting firm on executive pay and other human-resources issues, is under pressure to trim the compensation it will receive from Bo

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Former Wilkes Bashford Company Asks Court to Convert Bankruptcy to Chapter 7, Remaining Unsecured Creditors Likely to Receive Less than 1% Recovery

06/21/11

Summary: Last Thursday, TWBC, Inc. filed a motion asking the bankruptcy court in San Francisco to convert its chapter 11 bankruptcy case to chapter 7.  The company was formerly known as The Wilkes Bashford Company and operated a chain of high-end luxury retail stores in Northern California for over 30 years.  However, Wilkes Bashford’s sales [...]

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Signature Styles (Spiegel, Newport News & Shape Fx Brands) Creditors’ Committee Appointed, Selects Proposed Counsel

06/21/11

Summary: The United States Trustee filed a notice with the bankruptcy court on Friday which identified the creditors which have been appointed to the Official Committee of Unsecured Creditors in the chapter 11 bankruptcy cases of Signature Styles, LLC and Signature Styles Gift Cards, LLC. Those companies, which collectively operate a catalog and internet retailer [...]

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Citi Breach Could Easily Have Been Avoided

06/21/11

The nature of the Citi attack has been well known in security circles for some time. Had the proper access controls been in place, the attack would have likely been contained to a single account.

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How To Dismiss Your Chapter 7 Bankruptcy Case

06/21/11

You filed for Chapter 7 bankruptcy and something went wrong.  Maybe you didn’t have a lawyer, or perhaps something went awry in your case.  Whatever it was, you want to get out of the case as quickly and easily as possible. You need to know that you don’t have an automatic right to dismiss your [...]

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Bankruptcy Debtor and DOMA: The Gay Spousal Income Conundrum

06/21/11

An individual same-sex married person who files bankruptcy faces a choice whether to include spousal income for purposes of determining how much unsecured creditors could receive from the bankruptcy case.  This choice is not available to the heterosexual married debtor due to an intended consequence of Congressional legislation that requires the heterosexual married debtor include [...]

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Forbes Columnist Again Shows Ignorance About Chapter 7 Bankruptcy

06/21/11

Earlier this month, I posted a rebuttal to a Forbes online article written by a tax lawyer named Stephen Dunn.  Mr. Dunn opines that usually Chapter 7 is not the best option for debtors facing severe financial hardship. Noted consumer advocate Geri Detweiler saw my Bankruptcy Law Network post and invited me to guest post [...]

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