Bankruptcy Blogs

The balance sheet test for insolvency (section 123(2), Insolvency Act 1986), first addressed by the High Court in A

WASHINGTON - Richard Fisher, the president of the Federal Reserve Bank of Dallas, is known for using colorful analogies in his speeches, but he may have reached a new high - or low, depending on your point of view - by comparing Congress to Lindsay Lohan, whose problems with drugs are well known and who was recently charged with shoplifting.

How much is GOLD worth? Or even more basic, why is gold worth anything? Why does the Pound Sterling or the Euro or the U.S. or Canadian Dollars have value? Only because "we" say so!

The Miami Herald reports today that the 11th Circuit Court, which includes Miami-Dade County, has made a change in the organization that has been managing the mortgage foreclosure mediation program since its initiation. It has replaced the Collins Center with the Oasis Alliance Corporation, apparently based in Tampa. Herald quotes a director of the Collins Center that it operates in "six of Florida's judicial districts and receives $275 for each case it handles, [and] has managed about 8,000 foreclosure mediations in Miami-Dade over the past two years."

The Miami Herald reports today that the 11th Circuit Court, which includes Miami-Dade County, has made a change in the organization that has been managing the mortgage foreclosure mediation program since its initiation. It has replaced the Collins Center with the Oasis Alliance Corporation, apparently based in Tampa. Herald quotes a director of the Collins Center that it operates in "six of Florida's judicial districts and receives $275 for each case it handles, [and] has managed about 8,000 foreclosure mediations in Miami-Dade over the past two years."