Bankruptcy Law
Judge Puts Out Marijuana Grower’s Chapter 11 Case – Wall Street Journal
A medical marijuana grower’s inert bankruptcy case has been kicked out of court by … 130,000 pounds of unharvested marijuana leaves—without violating the law. “It is well known that the cultivation and distribution of marijuana for …
Filing For Bankruptcy: Why You Shouldn’t Do It Alone – 24-7PressRelease.com
Filing bankruptcy is a complex process with many laws. Here are several reasons why you shouldn’t try to file alone. June 13, 2012 /24-7PressRelease/– Hiring an attorney to prepare a bankruptcy petition may seem like an unnecessary expense, especially …
The Dewey Bankruptcy: Pot Shots and Finger-Wagging – Wall Street Journal
After a week or so of motions, objections and behind-the-scenes wrangling, a hearing Wednesday afternoon in federal bankruptcy court will set the stage for the next phase in the wind-down of failed New York law firm Dewey & LeBoeuf LLP.
Vitro’s Mexican Bankruptcy Has New York Hedge Funds Screaming Caramba! – Forbes
Under Mexican law, a simple majority suffices to approve a bankruptcy plan (compared to the U.S. where a supermajority must approve any plan where equity holders retain their interest at the expense of bondholders). Even so, the first judge to … Continue reading
Macey Bankruptcy Law Attorneys Take Their Obligations Seriously – PRWeb
As the economic recession continues to hit America, more and more people are desperately trying to get out of the hole. So desperate in fact that couples such as Michael Giventer and Julia Shavabskaya who plead guilty to hiding business … Continue reading
Bankruptcy Judges Can’t Hear Madoff Suits, Defendants Say – Bloomberg
Bankruptcy judges can’t rule on so- called fraudulent-transfer suits by the liquidator of Bernard L. Madoff’s brokerage under the U.S. Constitution, defendants said in a brief to U.S. District Judge Jed S. Rakoff in New York. By law …
Bankruptcy Judges Can’t Hear Madoff Suits, Defendants Say – Businessweek
Rakoff ruled in May, in a case involving the Refco litigation trust, that bankruptcy judges don’t have power to make final rulings on claims for fraudulent transfers and unjust enrichment. His law clerk sent the decision, which cited a U.S … Continue reading
The trouble with bankruptcy lawyers – Rutland Herald
Even in the economic downturn, bankruptcy lawyers have been shielded from the market and client pressures that have forced lawyers in other specialties to cut their fees. Federal law gives payment of lawyers’ fees priority over debt in a …
U.S. Trustee objects to ResCap sales procedures – Reuters
(Reuters) – Residential Capital LLC needs to do more to ensure it is protecting consumer privacy for homeowners under bankruptcy law in the sales of its mortgage loan and servicing businesses, the U.S. Trustee said in court papers on Monday.
US Trustee objects to ResCap sales procedures – Reuters
June 11 (Reuters) – Residential Capital LLC needs to do more to ensure it is protecting consumer privacy for homeowners under bankruptcy law in the sales of its mortgage loan and servicing businesses, the U.S. Trustee said in court papers … Continue reading