Bankruptcy Updates – May 21, 2012

by King & Spalding on 5/18/2012

On May 15, 2012, the United States Court of Appeals for the Eleventh Circuit issued an opinion in the TOUSA, Inc. (“TOUSA”) chapter 11 bankruptcy cases reinstating a $480 million fraudulent transfer judgment previously...more

by Harold Shepley & Associates, LLC on 5/18/2012

With more than 6,000 bankruptcy filings every day, the courts don’t have any time to waste when dealing with a bankruptcy case. It makes sense, then, that they would have a low tolerance if someone doesn’t follow the rules....more

by Malcolm Ruthven on 5/18/2012

People in need of bankruptcy often find it difficult to get the money together to pay a bankruptcy lawyer. The President of the National Association of Consumer Bankruptcy Attorneys said, referring to the "new" 2005...more

by Pew Law Center on 5/18/2012

Bankruptcy filings are a matter of public record, however, no one will know about it unless they intentionally look up your record or you tell them. It is highly likely only your attorney, his staff, and the actual court...more

by Tampa Bay Bankruptcy Center, P.A. on 5/17/2012

For most of us, a car is a necessity. Very few people can survive in an urban setting without a car in the 21st century. At the same time, most people own a car through obtaining a car loan. If you fall behind in your car...more

by Bracewell & Giuliani LLP on 5/16/2012

TOUSA involved one of the largest fraudulent transfer litigations in bankruptcy history. The Bankruptcy Court agreed with the Unsecured Creditors’ Committee that both the so-called “New Lenders” and the “Transeastern Lenders”...more

by Cadwalader, Wickersham & Taft LLP on 5/16/2012

On May 15, 2012, the U.S. Court of Appeals for the Eleventh Circuit reinstated the controversial 2009 opinion from the U.S. Bankruptcy Court for the Southern District of Florida in In re TOUSA Inc., which allowed the estate...more

by Tampa Bay Bankruptcy Center, P.A. on 5/16/2012

If you are a married couple thinking of filing a bankruptcy petition, there are some considerations you should bear in mind before doing so. You may opt either to file a petition jointly as a couple or separately as...more