Bankruptcy Blogs

November Oversight Report

11/16/10

On November 16, 2010, the Congressional Oversight Panel issued its 127 page November Oversight Report - Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation

Jordan E.

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November Oversight Report

11/16/10

On November 16, 2010, the Congressional Oversight Panel issued its 127 page November Oversight Report - Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation

Jordan E.

[more]

Rok redundancies announced by administrators

11/16/10

1,800 redundancies have been announced today by the administrators of Rok plc and Rok Building Ltd. The redundancies are in the maintenance and improvements division throughout the UK and also in the construction business in Scotland. On top of the...

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New Ruling Finds Important Protection For Managers Of Insolvent Delaware LLCs

11/16/10

Derivative Claims Against Directors Of An Insolvent Delaware Corporation. With its 2007 decision in North American Catholic Educational Programming, Inc. v. Gheewalla, et al., 930 A.2d 92 (Del. 2007), the Delaware Supreme Court held that directors of an insolvent Delaware corporation could be sued derivatively by creditors for breaches of fiduciary duty. To read that decision, click on the case name in the prior sentence.

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New Ruling Finds Important Protection For Managers Of Insolvent Delaware LLCs

11/16/10

Derivative Claims Against Directors Of An Insolvent Delaware Corporation. With its 2007 decision in North American Catholic Educational Programming, Inc. v. Gheewalla, et al., 930 A.2d 92 (Del. 2007), the Delaware Supreme Court held that directors of an insolvent Delaware corporation could be sued derivatively by creditors for breaches of fiduciary duty. To read that decision, click on the case name in the prior sentence.

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HAMP: "You Probably Think This LAW Is About YOU!"

11/15/10

This posting's title, with apologies to Carly Simon who wrote and sung Billboard's 72nd most popular song ever, is appropriate if any of us think that the Mortgage Modi

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HAMP: "You Probably Think This LAW Is About YOU!"

11/15/10

This posting's title, with apologies to Carly Simon who wrote and sung Billboard's 72nd most popular song ever, is appropriate if any of us think that the Mortgage Modi

[more]

Fifth Circuit Protects Texas Tax Lien Purchasers

11/13/10
In a case where private enterprise meets governmental finance, the Fifth Circuit has ruled that purchasers of Texas tax liens are protected from having their contractual interest rates modified in a plan. Tax Ease Funding, LP v. Thompson, et al, No. 09-20777 (5th Cir. 11/11/10). The opinion can be found here.
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