Bankruptcy Blogs

Who Is a Bankruptcy Trustee?

06/20/11

The idea of a bankruptcy trustee is alien to most people, having never become involved in a bankruptcy.  Even those who have filed for bankruptcy personally are often unaware of the full rights and responsibilities of a trustee.  What is a trustee?  Who appoints him?  What do they do?  Is there a difference under the [...]

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Dead Felon May Have Hidden Art from Bankruptcy Trustee

06/20/11

Even a year after Barry Stokes’s death in a federal prison, the court-appointed trustee winding down the convicted Tennessee fraudster’s business is still searching for eighty pieces of potentially valuable art that Stokes may have hid.

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Bankruptcy Court Questions Naiveté of Debtor – When the Debtor’s Spouse is a Paralegal

06/20/11

Allegations in credit card company’s complaint, that Chapter 7 debtor ran up more than $3,700 in charges against her account in space of roughly one month, at time when debtor’s total unsecured credit card debt of more than $88,000 was...

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Tuscaloosa Bankruptcy Attorney Charged with Bankruptcy Fraud

06/20/11

"Federal prosecutors today charged a Tuscaloosa attorney with bankruptcy fraud, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley. The one-count information filed in U.S. District Court charges DONALD DIONNE, 60, with making a false...

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Trustee searching for felon's missing artwork

06/20/11

"A bankruptcy trustee is searching for 80 pieces of artwork once owned by a Dickson retirement plan manager who was sent to jail for embezzlement in the hopes of recovering money for his creditors. Former 1Point Solutions CEO Barry Stokes...

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Latest Anti-Durbin Argument is Desperate and Absurd

06/20/11

We are now at the point that if there is a natural disaster anywhere in this country the banks will say it was caused by the Durbin amendment.

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Bracewell’s Bankruptcy Blog Launches Haiku Contest

06/20/11

Restructuring pros

Grab a pen and paper and

Start writing haikus.

That’s because if your poem strikes the fancy of Bracewell & Giuliani partner Evan Flaschen, you could find yourself sitting in a primo pair of seats at Yankee Stadium.

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Travel Back in Time with American Banker

06/20/11

In his New York Times column Saturday, Joe Nocera looked back at the debate leading up to the passage of the landmark Glass-Steagall Act in 1933, using news articles we culled from American Banker 's archives. We invite you, too, to travel back in time with us. What major banking stories from the last 175 years would you like to see from our archives?

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Social Media Poses Trap For Bankruptcy Debtors

06/20/11

I really liked this post on Georgia attorney Jonathan Ginsburg’s bankruptcy blog about how debtor’s Facebook posts could jeopardize their bankruptcy case.

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Read the Documents in the Bank of America Involuntary Bankruptcy

06/20/11

As reported today in a previous post members of a small political party filed an involuntary bankruptcy petition against Bank of America in Colorado on June 20, 2011.   If I am not mistaken there was a Bank of America branch that was seized by a Sheriff in Florida when it failed to pay a [...]

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