2014-09-11
Debtor-in-possession financing (“DIP financing”) is a critical issue that comes up at the beginning of most large to mid-sized bankruptcy cases. Companies filing bankruptcy are typically doomed to a rapid liquidation if they are unable to obtain new
Read More from: Insolvency Insights
2014-09-10
Apple Pay has been getting a lot of attention, and I hope to do a longer post on it, but for now let me highlight one possible issue that does not seem to have gotten any attention.
Read More from: Credit Slips
2014-09-10
Trump Entertainment Resorts, along with its affiliated debtors (“Trump Resorts” or “Debtors”), filed for bankruptcy under Chapter 11 of the Bankruptcy Code on September 9, 2014 (the “Petition Date”) in the United States Bankruptcy Court for the Distr
Read More from: Delaware Bankruptcy Litigation
2014-09-10
Readers have expressed interest in developments in the Metal Storm liquidation. There appears to be a lot of information that is accessible to shareholders (and others who wish to follow the case).
Read More from: The COMI
2014-09-10
Per www.globalinsolvency.com:Wed., September 10, 2014The European Central Bank is turning into a European “bad bank” by loading up on bundled-up loans, and its record-low interest rates will not do an
Read More from: The COMI
2014-09-10
Per www.globalinsolvency.com:Wed., September 10, 2014A steering committee of creditors of Saudi Arabian conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) has been formed to negotiate its debt res
Read More from: The COMI
2014-09-10
Bankruptcy Case This is the bankruptcy case study for JW from Chicago Illinois who is seeking bankruptcy protection. There is no real estate involved in this case. There is no rental situation in this case.
Read More from: David M. Siegel | Chicago Bankruptcy Law
2014-09-10
Si usted es un padre de familia y su hijo va a ir a la Universidad, usted querrá ayudar a su estudiante durante sus años formativos. Sin embargo, resista al deseo de firmar conjuntamente los préstamos de estudiante de su hijo.
Read More from: Scholnick Law
2014-09-09
One of the competitors in the Great Mobile Payments Race is changing its name.
Read More from: Credit Slips
2014-09-09
Many people who are considering filing bankruptcy are interested in knowing how long the fact that they file bankruptcy will stay on a credit report. The answer is that proof of bankruptcy filing can last up to 10 years on a credit report.
Read More from: David M. Siegel | Chicago Bankruptcy Law
2014-09-09
Waiting To File Bankruptcy There are so many people that I talk to over the course of a month who contemplate whether to file bankruptcy yet take no action. Many of these people feel that the problem will simply go away.
Read More from: David M. Siegel | Chicago Bankruptcy Law
2014-09-08
The Supreme Court may add another bankruptcy case to its agenda this term in a case where both the Petitioner and the Respondent support the grant of cert. No. 13-1416, Gordon v.
Read More from: A Texas Bankruptcy Lawyer's Blog
2014-09-07
This has not been a good year for Texas homesteads involved in bankruptcy proceedings. In April, the Fifth Circuit ruled (after nearly two years under advisement) that the non-filing spouse does not have a separate homestead estate entitled to pro
Read More from: A Texas Bankruptcy Lawyer's Blog
2014-09-07
The Archdiocese of Milwaukee is one of 11 dioceses (plus 2 other Catholic-affiliated religious orders) to file under Chapter 11 -- and it likely will not be the last.
Read More from: Credit Slips
2014-09-07
If you have Federal Student Loans, you may know that IBR means Income Based Repayment. You may also have heard of the PAYE Program, which stands for Pay As You Earn.
Read More from: Scholnick Law
2014-09-07
If you are a parent and your child is going off to college, you will want to help your student through these formative years. However, resist the urge to co-sign on you child’s student loans.
Read More from: Scholnick Law
2014-09-06
The Judicial Conference Advisory Committees on Appellate, Bankruptcy, Civil, and Criminal Rules have proposed amendments to their respective rules and forms, and requested that the proposals be circulated to the bench, bar, and public for comment.
Read More from: Delaware Bankruptcy Litigation