consumer bankruptcy

The Daily Docket: Lehman Fight Divides Customers, Creditors

08/03/11

Lehman Brothers Inc. Europe says the trustee winding down its U.S. counterpart could try to block European creditors from recovering $8.9 billion. But allowing such a claim has the potential to dilute recoveries for U.S. customers of Lehman Brothers Holdings Inc.’s brokerage. Read the Daily Bankruptcy Review story here.

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New Resource: NCLC's Bankruptcy Mortgage Project

07/19/11

The National Consumer Law Center has launched a useful new resource for the bankruptcy community called the Bankruptcy Mortgage Project.  See here.  Those likely to find it handy include judges, consumers, trustees, mortgage servicers, attorneys, and academics.  The website, created with a grant from the National Conference of Bankruptcy Judges’ Endowment for Education, collects all sorts of documents related to mortgage issues in consumer bankruptcy cases.  I

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The Daily Docket: Dodgers Lose Bid to Depose Selig

07/08/11

A bankruptcy judge blocked the Los Angeles Dodgers from gathering testimony from Major League Baseball Commissioner Bud Selig and from viewing sensitive documents about the league’s handling of other teams’ financial woes. Read the Daily Bankruptcy Review article here.

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The Daily Docket: MLB Takes Aim at Dodgers’ Owner

07/06/11

On the heels of the Los Angeles Dodgers’ demanding testimony from Major League Baseball Commissioner Bud Selig and several other executives, the league’s attorneys would like a word with team owner Frank McCourt. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Creditors Blast Blockbuster Sale

03/02/11

Unsecured creditors of Blockbuster Inc. are calling for the company’s bankruptcy case to be converted to a Chapter 7 liquidation from Chapter 11 unless significant changes are made to the movie-rental chain’s plans to sell itself to a group of senior noteholders. Read the Daily Bankruptcy Review story here.

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Bankruptcy Robosigning Business Challenged by Debtors, Trustee

02/08/11

A new amended class action complaint filed on behalf of Chapter 13 debtors, with their Trustee as additional plaintiff, describes in exhaustive detail the business of Lender Processing Services and its network of creditor attorneys and mortgage servicers.  The gist is that LPS sells the dominant software product to mortgage servicers, and the software is designed to refer all foreclosur

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Means Test Does Not Require Dismissal if Chapter 13 Is Zero

12/28/10

By: Bryan Kotliar
St. John's Law Student
American Bankruptcy Institute Law Review Staff 

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Is It Too Early to File for Bankruptcy? Outstanding Checks Written Pre-Petition Are Property of the Estate

12/15/10

By: Elisa M. Pickel
St. John's Law Student
American Bankruptcy Institute Law Review Staff

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