News

About BankruptcyProf Blog

01/14/2012If you are interested in serving as an editor of BankruptcyProf Blog for the Law Professor Blogs Network, please contact Paul Caron and Joe Hodnicki by email. ...[more]

'Basketball Wives' Star Sued for Helping Blow NBA Star's Fortune

01/11/2012"Evelyn Lozada -- one of the stars of 'Basketball Wives' who was once engaged to former NBA All-Star Antoine Walker -- is being sued for allegedly receiving hundreds of thousands of dollars illegally. The story is shocking. Walker raked ...[more]

NACBA Members of the Month

01/11/2012I just went to pay my NACBA dues online and discovered that our own Peter Lively is the NACBA member of the month this month and our own Erik Clark was so designated three months ago. So we can say... ...[more]

Supreme Court Granted Cert. Today in RadLAX Gateway Hotel, LLC vs. Amalgamated Bank

01/11/2012Jon and Roksana, A note to let you know that the Supreme Court granted cert. today in RadLAX Gateway Hotel, LLC vs. Amalgamated Bank (11-166) rising from the 7th Circuit, containing an important chapter 11 issue: whether a bankruptcy court... ...[more]

Wall St. seeks dismissal of Ala. record bankruptcy

01/11/2012"Wall Street creditors asked a judge Thursday to throw out the record bankruptcy filed by Alabama's largest county over more than $4 billion in debt, arguing state law doesn't allow it." Read more here. ...[more]

American Laser Centers files for chapter 11

01/11/2012"American Laser Centers LLC has filed for bankruptcy protection along with its parent, as a weak economy dampened demand for its laser hair removal treatments leading to cash constraints, court documents showed." Read more here. ...[more]

Hostess filing in mix?

01/11/2012"Hostess Brands, America’s biggest bakery, is on the verge of filing for bankruptcy again — perhaps as early as next month, The Post has learned. Staying out of Chapter 11 is proving tough for the Twinkies maker, a source said,... ...[more]

Madoff Son Must Face Suit in Bankruptcy Court

01/11/2012"Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said. U.S.... ...[more]

Mobile PACER Case Locator Debuts

01/11/2012The most widely used feature of the federal Judiciary’s Public Access to Court Electronic Records (PACER) service has gone mobile. Read more here. ...[more]

Over Trustee's Objections, Former Howrey Bankruptcy Counsel to be Paid in Full

01/11/2012"In a single declarative sentence, U.S. bankruptcy court judge Dennis Montali captured the essence of what was at issue during a nearly two-hour hearing Wednesday over professional fee applications in the Howrey bankruptcy: 'This is not an ATM ...[more]

Temporary Payroll Tax Cut Continuation Act of 2011

01/11/2012On December 23, 2011, President Obama signed into law HR 3765, the Temporary Payroll Tax Cut Continuation Act of 2011, extending the current 4.2% Social Security Old-Age, Survivors, and Disability Insurance (OASDI) tax rate for employees to wages paid ...[more]

UC Irvine Announces Better Clerkship Numbers Than Almost Everyone Else

01/11/2012Thank you to the Hon. Scott Clarkson for the lead on this: "UC Irvine Announces Better Clerkship Numbers Than Almost Everyone Else" By Christopher Danzing Read the article here. United States Bankruptcy Court - Central District of California ...[more]

Your Legal Rights Radio Program

01/11/2012Leon Bayer, (aka The Bankruptcy Blogger, http://www.bankruptcyblogger.org/) is a Certified Bankruptcy Specialist by the State Bar of California and will be interviewed live on Public Radio station KALW, San Francisco, Wednesday, January 4, 2012 from 7:30 ...[more]

American Airlines' $30 million London town house

01/11/2012"Buried deep in American Airlines' Chapter 11 bankruptcy filing is a striking asset -- a town house in one of London's most expensive residential streets that property experts say could be worth up to $30 million." Read more here. ...[more]

Mo. firms seek involuntary bankruptcy for Mamtek

01/11/2012"A Missouri bank has joined with four companies seeking to force a failed artificial sweetener factory in Moberly into an involuntary bankruptcy case." Read more here. ...[more]

New Debate Published in the Texas Law Review

01/11/2012Dear Mr. Hayes: You may be interested in a new debate published today in the Texas Law Review and its online companion publication, See Also, concerning whether Chapter 13 is merely a "pretend solution" warranting wholesale reform. Professor ...[more]

Scottsdale Owners of 54 Arby's File for Chapter 11 Bankruptcy

01/11/2012​"The slogan 'It's Good Mood Food' doesn't appear to be case with several Arby's restaurants in Arizona. In fact, the mood's downright depressing. The Republic reports three related Scottsdale limited-liability companies, ...[more]

Three New Bankruptcy Judges

01/11/2012Three California federal bankruptcy judges set to retire are being replaced by an attorney from Pillsbury Winthrop Shaw Pittman LLP, a partner from Friedman Dumas & Springwater LLP, and a solo practitioner. The announcement was made by the chief ...[more]