Bankruptcy Blogs

The Daily Docket: Station Casinos Exits Bankruptcy

06/20/11

Las Vegas casino operator Station Casinos LLC on Friday emerged from Chapter 11 bankruptcy protection controlled by the company’s founding Fertitta family, ending a nearly two-year restructuring odyssey. Read the Daily Bankruptcy Review story here.

[more]

34 Individuals File Pro Se Involuntary Chapter 11 Bankruptcy Petition Against Bank of America, N.A.; Bank of America Quickly Responds & Asks for Immediate Dismissal

06/20/11

On Friday at about 5:00 p.m. local time, 34 individuals (from the court filings, it appears not represented by counsel) filed an involuntary chapter 11 bankruptcy petition against Bank of America, N.A. (a banking subsidiary of Bank of America Corporation (NYSE: BAC)).  In the petition, the individuals assert claims against Bank of America of between [...]

[more]

US Supreme Court Bankruptcy Watch: Readying for Stern v. Marshall -- A Bombshell or a Dud?

06/20/11

Three or four more opinion days before the United States Supreme Court's term closes.  Sixteen opinions have yet to be delivered.  But if a lifelong, diehard, Bronx-born Yankee fan, Justice Sotomayor (who some say saved baseball), is willing to sport a CUBS jersey while throwing out the ceremonial firs

[more]

US Supreme Court Bankruptcy Watch: Readying for Stern v. Marshall -- A Bombshell or a Dud?

06/20/11

6/24/11 Update:  Here's my blog post providing an early analysis of the Court's decision, entitled US Supreme Court's Bombshell Opinion in Stern v.

[more]

Bankruptcy Tweets for June 2011 - Part III

06/19/11

Below are my twitter posts since my last post of June 18 of 52 recent bankruptcy cases and commentary and 10 retweets, news items, and entertaining videos that might be of interest to you. 

[more]

Bankruptcy Tweets for June 2011 - Part III

06/19/11

Below are my twitter posts since my last post of June 18 of 52 recent bankruptcy cases and commentary and 10 retweets, news items, and entertaining videos that might be of interest to you. 

[more]

Do We Have a Fraud Problem? The Case of the Mysteriously Appearing Allonge

06/19/11

I have generally been willing to give mortgage servicers, servicer support shops (like LPS), and foreclosure attorneys the benefit of the doubt when it comes to documentation irregularities (to put it mildly) in foreclosures.

[more]

Texas Bankruptcy Courts Split Over Application of Schwab v. Reilly

06/19/11

The Supreme Court's decision in Schwab v. Reilly, 130 S.Ct. 2652 (2010) last term provoked a lot of concern about the finality of exemptions. Under Taylor v.

[more]

More on Allonges

06/19/11

My post on allonges generated quite a bit of response, on and off the blog. But here's what's troubling me--if allonges are being fabricated ex post, who is doing it?

  • The servicer?
  • The default management shop (e.g., LPS)?
  • The network firm (sort of the foreclosure GC)?
  • Local counsel? 

I'm curious to hear any insights anyone has on where the document production is taking place. 

[more]