On April 9, 2015, the lower house of the Polish parliament adopted a new Restructuring Law.
Compensation to be paid to a bankruptcy estate professional is many times subject to intense dispute.
Car title loans can be a problematic debt trap.
When an insolvent entity files for bankruptcy, it can be tough to be a creditor.
In Nobel Group, Inc. v. Cathay Bank (In re Nobel Group, Inc.), the Bankruptcy Court for the Northern District of California reviewed the scope of its jurisdiction post-confirmation and held that, notwithstanding plan provisions stating the contrary, the court did not have jurisdiction over the reorganized debtor’s claims asserted against its previously secured creditor.
I sat in on a recent panel discussion entitled, “Busting Trusts,” held by the Orange County Bar Association Commercial Law & Bankruptcy Section.
What if a bar could not serve a customer a second drink until one hour after the first drink was consumed?
The bankruptcy system is built on trust. It really isn’t designed that way, at least not intentionally, but this trust system has developed from necessity.
The traditional wisdom is that having any credit score is better than not having a score at all.