A while back I read about a study in which Bankruptcy Judges were asked whether an apology by the debtor helped when deciding whether to confirm a Chapter 13 Plan.
I (along with every other bankruptcy blogger) wrote extensively on the Fisker decisions from Delaware limiting a secured creditor’s right to credit bid. My original post is here, and some other good discussion can be found here and here.
The cost of going broke is going up. The Judicial Conference of the United States has approved several bankruptcy related fee increases at its March 2014 session.
A break-up fee is typically used to encourage a party to act as the initial or “stalking horse” bidder in connection with a sale under section 363 of the Bankruptcy Code.
You cannot spend your way to wealth, unless it’s a debt elimination plan. If there was a magic pill to getting rich, you would think thatmore people would be taking it, but that simply isn’t the truth.
In the AFA Investment Inc. preference litigation, a summons has been issued scheduling the Pretrial Conference for June 30, 2014 at 11:30 a.m.
When you file for bankruptcy you are required to list all of your assets, your debts, and your income. All the statements and schedules filed in your bankruptcy case are signed under penalty of perjury.
The Consumer Financial Protection Bureau has turned its attention to “zombie” foreclosures, as reported by Reuters.
Recent concerns surrounding the U.S. Virgin Islands’ growing debt has led some to wonder whether the territory might soon face bankruptcy issues similar the city of Detroit, Michigan.