Bankruptcy Blogs

Judge OKs Bankruptcy Settlement With Former Rothstein Partner

02/28/11

A bankruptcy judge approved a deal struck between a former law partner of Ponzi-scheme operator Scott Rothstein and the bankruptcy trustee suing that partner for several hundred thousand dollars.

Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort Lauderdale, Fla., on Friday approved a settlement that frees former partner Russell Adler from litigation in exchange for up to $500,000, court papers show.

[more]

Should Big-Bank Execs Go to Jail for the Financial Crisis?

02/28/11

Charles Ferguson may have won an Academy Award late Sunday for directing "Inside Job," a documentary on the financial crisis, but he appeared to be channeling another Oscar-winning film when he delivered his acceptance speech: "There Will Be Blood."

[more]

The Daily Docket: ‘Old GM’ Creditors Back Chapter 11 Plan

02/28/11

Unsecured creditors have overwhelmingly voted to support the liquidation plan of General Motors’ bankruptcy estate, a proposal that will give those creditors an equity stake in the reorganized auto maker. Read the Daily Bankruptcy Review Story here.

[more]

Are You Liable for Ongoing Homeowner's Association Dues if You Surrender Your House in a Bankruptcy?

02/27/11

HOA lawsuitEarlier this month on my Atlanta-bankruptcy web site blog I discussed <

[more]

Law Review Article - Chapter 11 Fees

02/27/11

What We 'Know' About Chapter 11 Cost is Wrong Stephen J. Lubben Seton Hall University - School of Law November 30, 2010 Seton Hall Public Law Research Paper No. 1718047 Abstract: Among the collective wisdom about large corporate bankruptcy cases,...

[more]

Who Deals With Creditors During The Bankruptcy?

02/26/11

Once the bankruptcy case is filed, an automatic stay is created. This automatic stay prohibits creditors from contacting debtors directly and prevents further collection efforts. In many instances, the creditors will not receive notice of the bankruptcy proceedings or will be contacting debtors during the interim of the filing and the time in which notice is received. In those instances, the debtor can advise the creditor of the case filing information or refer that creditor directly to their lawyer’s office.

[more]

Circuit Court of Appeals Cases from Last Week

02/26/11

United States Second Circuit, 02/07/2011 DISH Network Corp. v. DBSD N. Am., Inc., No. 10-1175 Chapter 11 plan confirmed and designation of votes of DISH Network Corporation as "not in good faith" under section 1126(e) where: 1) bankruptcy court's decision...

[more]

Will I Lose My Job If I File Bankruptcy?

02/26/11

You will not lose your home if you file a bankruptcy case. It is Federal law that allows you to file bankruptcy to handle your financial matters. I sometimes hear about a person whose employer has threatened to terminate someone for filing bankruptcy. The truth is that you have the right to file, cannot be discriminated against for filing and should not fear employer backlash for filing.

[more]