Bankruptcy Law

The bankruptcy trustee overseeing Rothstein’s former law firm sued Sochet for more than $100 million in September, but the math of the case was complicated by the fact that Sochet had invested $147 million in the scheme, according to …

The trustee said federal bankruptcy law and New York state law governing debtors and creditors entitle him to recover the $975.5 million from BNP Paribas. BNP Paribas in an email said that it believes the complaint has no merit, and … Continue reading →

With practice areas in loan restructuring, lender litigation, foreclosure defense and bankruptcy, today Avid Law Center announced it has reached its 600th positive case result, successfully advocating for millions of dollars in mortgage debt relief for its …

Uptown Minneapolis bar mainstay Drink has filed for Chapter 11 bankruptcy protection, according to court records. The bar has requested approval to continue paying its staff and intends to keep its doors at 1400 Lagoon Ave. open during the …

In his blog Creditslips.com, bankruptcy expert Robert Lawless, a law professor at the University of Illinois at Urbana-Champaign, predicts about 1.4 million bankruptcy filings for this year. That’s a far cry from 2005, when bankruptcy filings peaked at …

Bankruptcy trustees in British Columbia … will be able to help more citizens better navigate the tricky waters of debt relief and provincial law.” One of the first trustee firms to join the Network, Exelby & Partners’ team of experienced … Continue reading →

In rejecting both plans, the judge said neither met requirements under bankruptcy law for acceptance by creditors that would be left with less than what they are owed. Carey said Tribune Co.’s proposed settlement shielding the buyout lenders was fair … Continue reading →

“If you ask consumers if they’re better off, they’ll say no,” said Scott Cohen, a bankruptcy attorney at Phoenix law firm Engelman Berger PC, citing surveys showing declining consumer confidence in recent months. Also, he notes real …

NEW YORK Nov 2 (Reuters) – Irving Picard has given the bankruptcy laws one hell of a workout. As trustee in the Chapter 7 bankruptcy of Bernard Madoff’s securities firm, Picard, a partner at Baker & Hostetler, has been more … Continue reading →

“When I saw that it sounded to me like a settlement was in the works that would probably included a sale of the Dodgers,” said Robert Rasmussen, dean of USC Gould School of Law and expert in bankruptcy law. “From … Continue reading →