Bankruptcy Law 
Student debt leaves many trapped, even after bankruptcy – Tulsa World
even gambling losses – can be discharged in bankruptcy, allowing the “honest but unlucky” a chance to restore their footing through an arduous restructuring overseen by a court. But under a 2005 law passed by Congress to protect lenders …
Embattled law firm Dewey’s committee dumps ex-chairman – Yahoo Finance
but is continuing talks with other law firms. Dewey, saddled by high debt and a flood of partner departures, has been eyeing a possible prearranged bankruptcy filing as a vehicle to be acquired by another firm.
Derivatives risk remains poorly understood – Financial Times
Those who entered into credit default swaps, interest rate swaps or other swap derivatives with Lehman have learnt that the law offers scant protection when a bank goes belly up. Shortly before the bankruptcy, Lehman entered into swaps with a … Continue reading
Meridian Ponzi’s ‘winners’ pursued; ClearSign IPO and the JOBS Act; shoes sport Buffett’s image – Seattle Times
The long arm of bankruptcy law is reaching out to 182 investors in Frederick Darren Berg’s Ponzi scheme at Meridian Mortgage who may have thought themselves lucky or smart: They got out more money than they put in. In what’s … Continue reading
Student loans stick – even in bankruptcy – Pioneer Press
A federal study from that time estimated less than 1 percent of all matured student loans were discharged in bankruptcy. Experts like Deanne Loonin of the National Consumer Law Center say bankruptcy is demoralizing, humiliating and difficult …
Maple Shade Attorneys Ellen McDowell and Elissa Westbrook Smith of McDowell Riga Posternock, PC Laun – PR-USA.net
Attorneys Ellen McDowell and Elissa Westbrook Smith of the law firm of McDowell Riga Posternock in Maple Shade, NJ, have launched a new bankruptcy website and a new bankruptcy blog. The new website BurlingtonBankruptcyAttorney.com highlights the firm’s …
ResCap could file bankruptcy, parent Ally says – Minneapolis Star Tribune
The parent company and its money-losing mortgage unit are discussing a range of options for ResCap, which “may include a reorganization under bankruptcy laws, which ResCap is actively considering.”
Dewey Said to Face Criminal Probe as Lender Deadline Nears – San Francisco Gate
Vance seeks to ensure documents and other evidence is preserved ahead of any bankruptcy, merger or dissolution, the person said. Dewey, the No. 3 law firm adviser to banks handling merger deals, faces an April 30 deadline to show lenders … Continue reading
Dubai Economic council organizes Global Policy Conference – AME Info
Mr. Hani Al Hamli, the Secretary General of DEC, stated that the conference will discuss lessons from best practices worldwide in Financial Restructuring and Bankruptcy Law. These derived lessons would be further utilized to refine the proposed Financial …
Federal bankruptcy judge Alexander L. Paskay dies – msnbc.com
Alexander L. Paskay, a long-serving federal bankruptcy judge in Tampa, died this week. He was 89. Paskay was known as a jurist with a sense of humor, thick Hungarian accent, a curiosity in the courtroom, and a dedication to mentoring … Continue reading
