Bankruptcy Blogs

Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks

02/26/11

The State of Georgia is among the national leaders in banks closed by state and federal agencies.  So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham.  Since late 2008, when the banking crisis hit, a total of fifty seven Georgia banks have been closed.  Friday afternoons have become a death watch in the Georgia banking industry, as closings are generally announced on Friday after

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Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks

02/26/11

The State of Georgia is among the national leaders in banks closed by state and federal agencies.  So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham.  Since late 2008, when the banking crisis hit, a total of fifty seven Georgia banks have been closed.  Friday afternoons have become a death watch in the Georgia banking industry, as closings are generally announced on Friday after

[more]

Suspension urged for lawyer who helped Judge Thomas Porteous lie in bankruptcy

02/25/11

"An advisory panel has recommended a 30-day suspension for the New Orleans lawyer who helped federal Judge Thomas Porteous of Metairie lie his way into bankruptcy proceedings. The report comes from a Louisiana Attorney Disciplinary Board hearing committee, which essentially...

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Legacy Assets - Not Much Of An Inheritence

02/25/11

The Wall Street Journal in its February 5-6, 2011 edition had an article by David Benoit, entitled "BofA Sets Mortgage Cleanup Unit". The article about Bank of America was in the middle of the "B"

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Legacy Assets - Not Much Of An Inheritence

02/25/11

The Wall Street Journal in its February 5-6, 2011 edition had an article by David Benoit, entitled "BofA Sets Mortgage Cleanup Unit". The article about Bank of America was in the middle of the "B"

[more]

Program with Chapter 7 Trustees

02/25/11

Chapter 7 Trustee Panel: “Help Us Help You” March 5, 2011 Presented by: Central District Consumer Bankruptcy Attorneys Association Speakers: Chapter 7 Trustee Panel from the Los Angeles, San Fernando Valley, Santa Ana and Riverside Divisions Where: Southwestern Law School...

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"The Flag is Up" - Same Sex Married Couple Files Chapter 13 in Los Angeles.

02/25/11

Financially distressed same-sex CA married couple goes straight into bankruptcy by filing a joint Chapter 13 petition in the Los Angeles Division of the U.S. Bankruptcy Court for the Central District of California, on February 24, 2011. In re Balas...

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Would-be Carvel heiress files Chapter 11

02/24/11

"First of all, it’s a “pro se” filing, which means there’s no attorney. Carvel could have done it herself, or perhaps she had a financial adviser prepare it. Even more strange is that Carvel declares assets of $32 million and...

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US bankruptcy claims trading at 18-month low

02/24/11

"The number of U.S. bankruptcy claims that traded in January fell to the lowest level since July 2009 as more companies emerged from Chapter 11, according to data released on Tuesday." Read more here.

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Ex-Taylor, Bean exec pleads guilty in fraud case

02/24/11

"The former treasurer of bankrupt Taylor, Bean & Whitaker Mortgage Corp, Desiree Brown, pleaded guilty on Thursday to conspiracy for one of the biggest fraud cases so far stemming from the U.S. mortgage meltdown." Read more here.

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