Click Here To Receive FREE Email Updates!

Author Archive

Hear GM and Chrysler Bankruptcy Hearings Online »

You may listen online to the audio recordings of the  Chrysler LLC, 09-50002, and General Motors Corporation, 09-50026, bankruptcy hearings in the U.S. Bankruptcy Court in the Southern District of New York.
Available Online: Recordings of GM and Chrysler Bankruptcy Case Hearings
The recordings are being made available online through through a pilot project of [...]

Top 20 Cities for Credit Card Spending »

Forbes.com says the top 20 American cities for credit card (over)spending are:

Miami, FL
Tampa, FL
Los Angeles, CA
Jacksonville, FL
Orlando, FL
Riverside, CA
San Diego, CA
San Antonio, TX
Las Vegas, NV
Sacramento, CA

U.S. Supreme Court to Hear Bankruptcy Exemption Issue »

The U.S. Supreme Court accepted a case for review with two bankruptcy exemption issues: 1) When a debtor exempts property as his own and places a value on it in his bankruptcy paperwork, is he limited to that dollar amount or is the asset fully exempt?  2) Is there an exception to the 30-day deadline [...]

Credit Crisis Simplified »

Jonathan Jarvis produced a visual explanation of the credit crisis for his media design thesis he calls The Crisis of Credit Visualized.  It is a delightful seven-minute video that explains the current credit crisis in simple terms.

If you liked that post, then try these…Texas has a new exemption - The Bible! by Pamela Stewart, Attorney [...]

Bankruptcy Case Law Blog Launched »

The bankruptcy law students at St. John’s University School of Law in Queens, NY, have launched a new blog to report the rulings of the nation’s bankruptcy judges.   The students will write a succinct analysis of the issues and holding in cutting edge bankruptcy cases.
Comments are encouraged on the blog, which will be taken [...]

Means Test Income and Expense Figures Change March 15 »

The median income figures by state and family size and the expense allowances used for the bankruptcy means test will adjust for cases filed on or after March 15, 2009.  You can view the income and expense charts on the website for the Executive Office of the U.S. Trustee.

House to Vote Thursday on Revised Bill for Mortgage Modification in Bankruptcy »

A new bill, H.R. 1106 to Prevent Mortgage Foreclosures and Enhance Mortgage Credit Availability, has been introduced in the U.S. House of Representatives and is scheduled for a vote on the floor Thursday. The sections for mortgage modification in chapter 13 bankruptcy are in the first part of the bill.  H.R. 1106 incorporates H.R. 200 [...]

Mortgage Modification in Bankruptcy Bill to House Floor Wednesday »

HR200, a bill pending in Congress to allow for mortgage modification in chapter 13 bankruptcy, may be brought to the floor of the House of Representatives by Wednesday or Thursday of this week.   Supporters should call or fax their members of Congress today or tomorrow.  This law change will help people in foreclosure who don’t [...]

Judicial Mortgage Modification Bill Leaves Unanswered Questions for Bankruptcy Practitioners »

Cathy Moran

San Francisco bay area bankruptcy attorney Cathy Moran brainstormed with her fellow bankruptcy practitioners today to discuss how judicial modification of home mortgages will work in chapter 13 bankruptcy if pending legislation becomes law.  Moran compiled a list of questions:
What is the risk premium for interest rates?
Is the modification binding if the Chapter 13 [...]

BLN Founder to Teach Bankruptcy to Solo Lawyers »

Bankruptcy Law Network Co-Founder and President Jay S. Fleischman has joined the faculty of Solo Practice University.  He will teach a six-session online course consumer bankruptcy law.
Solo Practice University™ is a new web-based educational community to teach lawyers what they don’t learn in law school about practicing law as solo practitioners.
Fleischman is a Brooklyn, New [...]