In January, households and businesses filed bankruptcies at the rate of 5,090 per day. The last time the daily bankruptcy filing rate was this low was January 2009. Monthly bankruptcy filings are sensitive to the number of business days in a month, making ... Read full article
Some of the comments to Stephen Lubben's post on "overhead" raised the longstanding complaint about high fee awards in New York and Delaware Chapter 11 cases. We all know the academic and political condemnations of Chapter 11 as merely a ... Read full article
And so it begins. We're about to witness the main event in financial institution internecine warefare: investment funds (MBS buyers) vs. banks (MBS sellers). ... Read full article
Last Friday, the U.S. Court of Appeals for the Sixth Circuit released an opinion in a case called Carroll v. Baud . The decision, which generally ended badly for the consumer bankruptcy filers involved in the case, involved technical interpretive issues ... Read full article
On behalf of Credit Slips , I want to thank Troy McKenzie for joining us a guest blogger. Professor McKenzie's posts raised lots of interesting questions about attorneys' fees in bankruptcy and the Constitutional status of bankruptcy courts. ... Read full article
Mike has done a great service to us chapter 11 types over at Rortybomb , by aggregating all of the quotes from the FCIC report regarding the 2005 expansion of the safe harbors on the Code. ... Read full article
The City of Vallejo has filed its Disclosure Statement and plan in its Chapter 9 bankruptcy case. The plan proposes paying general unsecured creditors, mostly employees and retirees, about 5 cents on the dollar from a $6 million fund, an amount roughly ... Read full article
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 ... Read full article
You know a case before the New Mexico Court of Appeals is a big when lots of out of town lawyers come to argue the case. And, so it was in the case of Andrea Felts , heard on January 19, 2011. Ms. Felts, a high school vice principal, took out internet ... Read full article
Japan's debt got downgraded by S&P because it doesn't believe that the Japanese government is serious about taking measures to cut its deficit. And here's what the Japanese Prime Minister Naota Kan had to say , “I just heard that news. ... Read full article
