Bankruptcy Blogs

Decision in NEC Holdings Corp., Holds Non-Debtor Environmental Liabilities to be Non-Core

05/05/11

Summary

In a 5 page decision signed May 4, 2011, Judge Walsh of the Delaware Bankruptcy Court held that a proceeding initiated by a Debtor, seeking contribution relating to environmental claims is non-core. Judge Walsh’s opinion is available here (the “Opinion”).

Background

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Served With A Credit Card Lawsuit? Review Your Options Quickly

05/04/11

White House Washington DC Bankruptcy Lawyers Con

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Served With A Credit Card Lawsuit? Review Your Options Quickly

05/04/11

White House Washington DC Bankruptcy Lawyers Con

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Decision in In re J. Silver Clothing, Inc., Holds that §547(c) "Substantially Contemporaneous" Transfers are not Governed by a Bright Line Rule under §547(e)

05/04/11

Summary

In a 28 page decision signed April 29, 2011, Judge Gross of the Delaware Bankruptcy Court determined that in order for a transfer to be considered “substantially contemporaneous” as used by Bankruptcy Code §547(c), it does not necessarily need to comply with the timing requirements of §547(e). Judge Gross’s opinion is available here (the “Opinion”). 

Background

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Bankruptcy Tweets for April 2011 - Part III

05/01/11

Below are my twitter posts since my last post on April 17 of recent cases that I think you'll find of interest.  RSS Feeds are also available:

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American Home Mortgage - Wrapping Up

04/29/11

We have been getting a number of calls about the American Home Mortgage, Inc. bankruptcy, and since I don’t enjoy giving people bad news, I crafted this post to inform you of the worst of it.

On November 30, 2010, the bankruptcy Plan of American Home Mortgage became effective. The Plan is a thrilling page turner filled with Legal terminology and weighing in at over one hundred pages. A copy of the Plan is available here.

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FDIC Doubles Down on the Safe Harbors

04/28/11

In a little noticed footnote in the FDIC's recent report on a hypothetical liquidtion of Lehman under Dodd-Frank resolution authority, the FDIC states

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Keeping Up with the Joneses: Credit Score Edition

04/28/11

Do you have good credit? Compared to whom? While your credit price may depend largely on how your credit fares against objective criteria (above 680 to avoid being "subprime," for example), do you ever wonder how you are doing compared to everyone else? Maybe you think the national banks would give credit to a ham sandwich; what you want to know if whether you are  keeping up with the Jones in managing your financial behavior.

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FeedBurner & E-mail Subscriptions

04/27/11

By popular demand, I have made some changes to the news feed for Credit Slips. The first change is that the Credit Slips feed is now available through FeedBurner. I am told this change should not affect anyone who already has subscribed to the Credit Slips feed because FeedBurner will automatically be sending your Credit Slips posts to your old feed.

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