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Bankruptcy

Timely Bankruptcy information: news & analysis from the lawyers, firms and professionals publishing on JD Supra.

FEATURED News

Christine Wilton

Foreclosure Mills Continue to Sweep Up America's Homes Despite Evidence of Fraud
Christine Wilton

Residential foreclosures will continue and here's why. more

Bankruptcy Unlikely to Save BP
Tampa Bay Bankruptcy Center, P.A.
Blog - So I'm filing bankruptcy - should I tell my attorney about the house?
Michael McCoy
Dodd-Frank, Title II: Where the FDIC and the “Orderly Liquidation Authority” Meet the Bankruptcy Code
Morrison & Foerster LLP

	Latest Filings and Decisions
	In re GSC Group, Inc. Declaration of Peter Frank in Support of Chapter 11 Bankruptcy First Day Pleadings Randall Reese On Tuesday evening, GSC Group, Inc. and affiliates GSCP, LLC, GSC Active Partners, Inc., GSCP (NJ), Inc., GSCP (NJ) Holdings, L.P., GSCP (NJ), L.P., and GSC Secondary Interest Fund, LLC voluntarily filed for chapter 11 bankruptcy...... more
	In re AMCORE Financial, Inc. Declaration in Support of Chapter 11 Petition and First Day Pleadings Randall Reese Late last week, each of AMCORE Financial, Inc. and Midwest Banc Holdings, Inc. separately filed for chapter 11 protection in the Northern District of Illinois bankruptcy court. AMCORE Financial's subsidiary, AMCORE Bank N.A., was...... more
	In re Minerva P. Esmilla Court Order Denying Debtor's Motion to Avoid Lien Robin Mashal A copy of the Order signed by the Honorable Vincent P. Zurzolo, Chief Judge of the Bankruptcy Court, denying Debtor's motion to avoid Creditor's lien pursuant to 11 U.S.C. 522(f). ... more

	Most Recent Articles
	Blog - Did the 2005 change to the bankruptcy code have its desired effect? Michael McCoy Did the 2005 Bankruptcy Code have the desired effect of reducing filings, and if so, why? Was part of the reduction in filing merely due to the bad press this poorly-drafted legislation have before it went into effect?... more
	Near Bankrupt EU Countries In Crisis Tampa Bay Bankruptcy Center, P.A. The Head of the European Commission, Jose Manuel Barrosso is not optimistic about the future of Spain, Portugal and Greece. In view of these countries’ enormous debt problems, Barrosso warned that unless stern measures are taken to...... more
	Inter-American Dialogues: Latin America Advisor - Financial Services August 12-25 Michael Diaz Jr. - Diaz Reus International... In this Issue: FEATURED Q&A: Will Mexico's New Banking Sector Rules Have Their Intended Effect? Brazilian Regulator Formally Approves Itaú-Unibanco Merger Venezuelan Government Seeking Extradition of Prominent Banker Banorte...... more

	Bankruptcy: Consumer Protection
	Be careful of offers for a new credit card! Malcolm Ruthven Banks are sending offers for "professional" credit cards that do not qualify for the consumer protections provided by the "Card Act" of 2009. Those protections were intended for you but you won't get them with these credit cards. The...... more
	Bankruptcy Filings Soar in 2010 Christine Wilton Here in the Central District of California, which includes Orange, Los Angeles, San Bernardino; bankruptcy filings are up 58% over last year's filings. ... more
	What Does "Commercially Reasonable Determinants of Value" Mean Under Section 562 of the Bankruptcy Code? Cole Schotz As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”), Congress added Section 562 to the Bankruptcy Code. Section 562 governs the timing of damage measurements with respect to swap agreements,...... more

	Finance & Banking
	In re Delta Air Lines Inc.: Leveraged- Lease Transactions in Airline Bankruptcies Camisha Simmons This article describes a U.S. Court of Appeals for the Second Circuit decision involving the implications of a bankruptcy proceeding on the enforcement of the provisions of tax indemnity agreements with respect to leveraged lease...... more
	Bankruptcy Expenses Soar for Washington Mutual Tampa Bay Bankruptcy Center, P.A. The expenses that bankrupt Washington Mutual has incurred in the bankruptcy process have exceeded $100 million. The exact figure through April 30 billed by 26 court-approved professional companies came up to more than $102.8 million,...... more
	U.S. Financial Reform: Too-Big-to-Fail Bailout Avoidance Provisions Duane Morris LLP The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("the Act") begins sweeping reform for the U.S. financial system. It requires new and existing regulatory agencies to undertake more than 50 studies of the...... more

	Real Estate
	Former NBA Star files for Bankruptcy Tampa Bay Bankruptcy Center, P.A. Former NBA star Antoine Walker filed for personal (Chapter 7) bankruptcy in a US bankruptcy court in Miami on May 18. According to court documents, the ex-Miami Heat and Boston Celtics forward owes some $12.7 million to creditors and...... more
	Mitigating Loss When You Have Something to Lose: Deficiency Judgments, Credit Rating & Public Image Jeffrey Harrington The real estate crisis reaches every strata of society, including financially stable individuals and companies. There is no one-size-fits-all approach, however, and affluent clients have unique concerns that have been largely...... more
	Starwood Looking to Buy Bankrupt Extended Stay Tampa Bay Bankruptcy Center, P.A. Starwood Capital Group is hoping to ink the deal to buy the Extended Stay Inc. chain of hotels currently under Chapter 11 bankruptcy soon. Starwood has been arranging for its financing with Goldman Sachs Group Inc. and the two sides...... more

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