At one time, bankruptcy was regarded as shameful—something that left the doors of bankrupt businesses shuttered and forlorn, while individuals huddled penniless on the streets or in jail, unable to face their friends. Today bankruptcy doesn’t carry quite that stigma. With business being covered far more broadly and intently by...
NEW YORK -- Fitch Ratings has assigned a 'CC' rating to approximately $79.5 million of bonds listed below issued by Valley Health System, California VHS. Fitch's 'CC' rating indicates that payment default to bondholders appears probable. Although payments to bondholders are current, the rating reflects VHS' board filing...
TAMPA, Fla. -- EarthFirst Technologies, Incorporated ("EarthFirst" or "the Company") (Pink Sheets:EFTI) today announced that EarthFirst and its wholly-owned subsidiaries have filed for Chapter 11 bankruptcy protection on June 13, 2008 in the United States Bankruptcy Court, Middle District of Florida, Tampa Division. The bankruptcy cases are being jointly administered...
HOUSTON -- Janet S. Northrup, of counsel attorney to Hughes Watters Askanase L.L.P. HWA, was chosen to speak at the University of Houston's U of H Advising Small and Midsize Businesses course in Houston on June 12 and in Dallas on June 20. Northrup also will speak at the 2008...
HOUSTON -- Brendetta A. Scott, an associate, and Rhonda Chandler, of counsel, with Hughes Watters Askanase L.L.P. HWA, have been chosen to serve as panelists for two different sessions at the University of Texas School of Law Consumer Bankruptcy Practice event which will be held in Galveston June 19-20. ...
Next stop: Denver Other Hot and Not-so-easy Issues in Consumer Cases A Roundtable Discussion Featuring Debtor's Counsel, the U.S. Trustee, Chapter 1 3 Trustee and the Bench July 23, 2008 2:00 p.m. Mountain (4:00 p.m. Eastern) ABI's Deputy Executive Director, Felicia S. Turner, will moderate...
Is Misconduct in Bankruptcy Fueling the Foreclosure Crisis? Three ABI Members Testify Before U.S. Senate Judiciary Subcommittee On May 6, 2008, the Senate Judiciary Committee's Subcommittee on Administrative Oversight and the Courts held a hearing on "Policing Lenders and Protecting Homeowners: Is Misconduct in Bankruptcy Fueling...
Since the enactment of BAPCPA, there has been an increasing discussion among bankruptcy lawyers as to whether withdrawals from tax deferred retirement accounts should be included in the calculation of "current monthly income" CMI for purposes of the "means test" in chapter 7 and in calculating "projected disposable income" in...
U.S. Bankruptcy, Western District of N.Y. Means Test In Re Debra L. Bentley 07-22881 Judge Ninfo Background: On Nov. 16, 2007, the debtor filed a petition and accompanying plan initiating a Chapter 13 case....
Most people believe bankruptcy affects your ability to get credit for seven years. That is untrue. Most people may file two types. A Chapter 7 bankruptcy filing allows for full discharge of liability of certain debts. In that...
Bankruptcies are filed under the following chapter headings. 'Chapter 7--Straight bankruptcy; debtor gives up non-exempt property and debts discharged. Chapter 11--Business reorganization; protection from creditors while business devises a plan of reorganization. Income/expense reports must be filed monthly. ...
ABI has recorded more than 50 podcasts with interesting figures in the insolvency world. They can be streamed off the ABI World Web site or downloaded to MP3 devices. Recent or upcoming guests include Judge Thomas B. Bennett (N.D. Ala.), the current president of the National Conference of Bankruptcy Judges,...
Two recent circuit court decisions joined the Seventh Circuit and the Ninth Circuit BAP in foreclosing what had been an increasingly viable option for chapter 13 debtors under BAPCPA. The Sixth and Eighth Circuits have prohibited the surrender of a vehicle purchased within 910 days before bankruptcy to a purchase-money...
Articles 2008-05-01
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