Bill on Bankruptcy: ResCap Report, a Bargain at $83 Million

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April 10 (Bloomberg Law) -- Why the Residential Capital LLC examiner's report will cost almost $83 million is the first item on the new Bloomberg bankruptcy video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. After explaining why the ResCap report is a bargain at $10 a page, Rochelle turns attention to Casey Anthony and explains why her acquittal on charges of infanticide is on the road to making important bankruptcy law. See more +
April 10 (Bloomberg Law) -- Why the Residential Capital LLC examiner's report will cost almost $83 million is the first item on the new Bloomberg bankruptcy video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. After explaining why the ResCap report is a bargain at $10 a page, Rochelle turns attention to Casey Anthony and explains why her acquittal on charges of infanticide is on the road to making important bankruptcy law.

The last two items concern significant bankruptcy-law issues. U.S. Supreme Court is being given an opportunity to decide a question left open by the Stern v. Marshall opinion, and Circuit Judge Richard Posner wrote another gem, this time explaining when there can be a one-year extension on the two-year limit for filing suits in bankruptcy court.

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Topics:  Casey Anthony, Chapter 7, Examiners, Extensions, Life Rights, Residential Capital LLC, SCOTUS, Settlement, Split of Authority, Statute of Limitations, Stern v Marshall, Trustees, Waivers

Published In: Civil Procedure Updates, Criminal Law Updates, Finance & Banking Updates, Professional Practice Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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