ABI Blog Exchange

2011 World Series: Rangers v. Cardinals game #3 - Big Records Go Beyond Tough as Pujols Plays it Again & Again

What world was I in this past Friday, when I blogged " Games are close but differences are huge"? With a final score of 16-7 (Cardinals over my Texas my stRangers [Rangers but strange]), the game was NOT close and the differences are HUGE. ( Pictures

Parents don't have to pay dead son's debts

Despite what bill collectors may say, heirs aren't on the hook for dead man's obligations.

Can I Go To Jail If I File Bankruptcy?

Link Many people have this common belief that filing bankruptcy is somehow tantamount to a crime. Perhaps it is the undue influence of bill collectors who often say anything in an effort to collect a debt. The truth is that simply by declaring

Do Married Couples Have To File Bankruptcy Together?

Link I often receive the question from would be filers, “if I am married, does my spouse also have to file bankruptcy?” It is not required that married couples file cases jointly. If one spouse does not have any debt, she or he is not required to

More Trouble for Sports Franchises? Involuntary Bankruptcy Petition Filed Against Entity Apparently Affiliated With Ownership of Sacramento Kings NBA Franchise

Get the Government Out of Questionable Mortgages

Offer inducements for homeownership and affordable housing more incisively and selectively through the tax system, where the cost is readily measurable and immediate.

The Broke and the Beautiful: Scott Rothstein Edition

This week on The Broke and the Beautiful, two Florida sports teams are feeling the heat from Scott Rothstein’s bankruptcy trustee. Also, Lenny “Nails” Dykstra motors into a plea deal, and British band UB40 is declared bankrupt. Associated Press Scott

Bad Bankruptcy? Real Housewives Star Teresa Giudice Accused of Lying to Bankruptcy Trustee

As the number of bankruptcy filings increases each year, bankruptcy courts are uncovering an alarming amount of bankruptcy fraud. As a result, the US Department of Justice has increased its efforts to prosecute bankruptcy debtors, who hide their

National Conference of Bankruptcy Judges--10/14/11--The Long and the Short of It

The Long and Short of It: Financial Engineering Meets Chapter 11 was one of the more esoteric presentations at the conference with an unusual lineup of panelists. The group included New York Bankruptcy Judge James Peck, investment banker David Barse

E-Bulletin regarding a newly enacted California statute

October 20, 2011 Dear Insolvency Law Committee Constituency List members, please find attached an E-Bulletin regarding a newly enacted California statute: Governor Signs SB-4 (Calderon) Establishing New Requirements for Notices of Trustee Sales Most

MGM Resorts Opposes B.B. King’s Bankruptcy Plan

In a dispute between bankruptcy debtor B.B. King’s restaurant and Mirage, owned by casino operator MGM Resorts International, lawyers for the casino argue that the proposed bankruptcy plan for B.B. King’s isn’t feasible nor in the best interests of

Occupy Wall Street's 'Other 99%' Are Deadbeats Too

As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.

GAO Releases Asbestos Trusts Report, Identifies Possibility for Fraud

The possibility for fraud exists within the system of trusts set up by bankruptcy courts to deal with asbestos personal injury claims, although claims were down slightly in 2010 compared to the prior year, according to a new government report. The U

R2D2’s Affiliates Might Be Safe from Substantive Consolidation, but Some Nondebtors in the Ninth Circuit Might Get Pulled Over to the “Dark Side”

Exactly how powerful are the equitable powers of bankruptcy judges? While bankruptcy practitioners may regard bankruptcy judges as Jedi masters, to what extent can bankruptcy courts use the Force on nondebtors? This is especially a concern when use

Guest Article: Former Texas Ranger Rafael Palmeiro Selling Second Home in Pebble Beach, CA to Cover Bankruptcy Debt

The Texas Rangers are going to be world champs for the second year in a row, I feel it in my bones! But Rafael Palmeiro, the Rangers former slugger turned real estate developer, might be wishing he could get back into the game and out of real estate

Tough Economy Pushing More Businesses into Bankruptcy?

A recent report from Reuters.com highlights a growing trend of business bankruptcy filings in the U.S. While personal bankruptcy filings have actually decreased in recent months, some lawyers are predicting that 2012 through 2014 will see upticks in

Credit Repair After Bankruptcy

I receive many questions about credit repair after filing bankruptcy. Credit scoring and reporting is not a bankruptcy law issue; it is more a matter of personal finance. What follows is a Guest Post of Mr. Ed O'Brien who works...

Bankruptcy News: Foreclosures Are Hitting Homeowners Faster

In recent news, homeowners are set to experience another financial hurdle that could make all the difference between staying in their homes – and living life out on the street. According to a report released by RealtyTrac Inc and reported by MSN, the

The Daily Docket: Trump Seeks $8.5 Million for Doral Bid

Donald Trump’s hotel group is asking for $8.5 million worth of bid protections on its $170 million offer to buy the Doral Golf Resort & Spa out of bankruptcy. Read the Daily Bankruptcy Review story here. The bankruptcy trustees overseeing the

2011 World Series: Rangers v. Cardinals - Games are Close but Differences are Huge

If you're watching the 2011 World Series (and if you're not, you're missing some great baseball), you need to step back from the personal distress caused by the one-run differences in the first two games, and focus on the incredible differences