ABI Blog Exchange

Maximize Means Test Deductions Every Time

The bankruptcy means test often feels like a maze. Find your way out, to the best result possible, with the tips and tricks we’ll share in a free webinar on Means Test Part 2: Quirks and Quagmires, April 9th at 10 am PDT. Register here. Judge John

Here’s What We Need for our Second Meeting

Here’s what we usually need for our second meeting My Be Happy form asks the information the bankruptcy court needs to approve your case. So we can “be happy.” The Be Happy form is mostly bio information that we need to get your case approved. You

Here’s What We Need for our Second Meeting

Here’s what we usually need for our second meeting My Be Happy form asks the information the bankruptcy court needs to approve your case. So we can “be happy.” The Be Happy form is mostly bio information that we need to get your case approved. You

The Latest Things you Need to Know About Student Loan Bankruptcy

The Latest Things you Need to Know About Student Loan Bankruptcy Ed Boltz Thu, 04/04/2024 - 16:34 Here's a breakdown of the latest developments regarding filing student loan debts in bankruptcy: Historically Difficult, Now Easier Undue Hardship

A Rough Day At U.S. Supreme Court, During Oral Arguments, For Debtor’s Counsel (Truck Insurance v. Kaiser Gypsum)

By: Donald L Swanson A mass-tort asbestos case before the U.S. Supreme Court is Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., Case No 22-1079. Here is a link to the transcript of oral arguments in that case, from March 19, 2024. In Truck

Terms of Confirmed Chapter 11 Plan Prohibit Malpractice Claim Against Debtor’s Counsel

The Third Circuit Court of Appeals issues a reminder to debtors’ counsel that they can protect themselves with beneficial (boilerplate) terms in a Chapter 11 Plan. In In re SC SJ Holdings, LLC, 2024 WL 1328233 (3rd. Cir. March 28, 2024), the Debtor

Bankruptcy and Baseball: An Uncertain Media Landscape

Ed Boltz Reveals There is Hope For Student Debt In Bankruptcy

Ed Boltz Reveals There is Hope For Student Debt In Bankruptcy masteradmin Tue, 04/02/2024 - 19:32 A federal program has been reported to make it easier to get student loan debt discharged in bankruptcy. This is nothing new over the last two years but

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—APPELLATE COURTS (Part 5)

By: Donald L Swanson Over the years, I’ve heard lots of people say, “Bankruptcy abuse is a huge problem,” as a self-evident and undeniable proposition. But here’s the thing. Debtors who try to abuse the bankruptcy system rarely get away with it. That

March 2024 Ponzi Scheme Roundup

Below is a summary of Ponzi scheme activity reported for March 2024. There were at least 12 new Ponzi schemes revealed this month. Ponzi schemers received more than 25 years of prison sentences and 4 guilty pleas. The average age of the fraudsters

Special Feature: Liability Management Whack-a-Mole

Liability management exercises and consequent objections to and redrafting around those LMEs have been compared by some commentators to a game of whack-a-mole. Just as one strategy arguably permitted by contract is accepted or rejected by the courts

Weekly News – March 29

Special Edition; tons of holiday content! Altice machinations, judge shopping still in the spotlight, Adam Neumann enters the fray, RAD global settlement, and much, much more! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏

March 29, 2024 Bankruptcy Quiz

(From Dave’s SCOTUS Stash) Two weeks ago, I promised to get back to Bankruptcy Quizzes, but on an every other week basis. Unfortunately for my Spring Break, I had an emergency Chapter 11 filing today that had me up at 3:30 a.m. Thus, lacking time but

Press Release: Prominent Restructuring Attorney Adam Paul Joins Gordian Group

Gordian Group, a premier restructuring investment bank, today announced that Adam Paul is joining the firm as a Senior Managing Director. Adam previously was a senior partner in the Restructuring practice of Kirkland & Ellis and the global co-chair

Differences Between Foreclosure and a Sheriff’s Sale in PA

When your property is being sold off to satisfy creditors, you should receive a notice for foreclosure and a sheriff’s sale. While these processes are related, there are differences between them that can seriously impact your case. If you are behind

How Much Notice Will You Get Before Your Property is Sold at a Sheriff Sale in New Jersey?

A sheriff’s sale is the sale of a repossessed property by law enforcement. Many individuals can be dismayed when a sale of their property takes place after it has been possessed. It can feel like the final nail in the coffin for ever having a chance

What is the Longest Wait Time for SSDI Approval?

If a recent accident or diagnosis has left you unable to work, you can apply for Social Security Disability Insurance (SSDI) benefits. Doing this right away is important, as it could be a few months before the Social Security Administration (SSA)

How Does a Sheriff’s Sale Affect Your Credit Score?

If you are expecting to go through foreclosure or your property is going to be sold at a sheriff’s sale, you may be concerned about the potential consequences of that sale. You likely know that you will not have ownership of that property anymore

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—BANKRUPTCY COURTS (Part 4)

By: Donald L Swanson Over the years, I’ve heard lots of people say, “Bankruptcy abuse is a huge problem,” as a self-evident and undeniable proposition. But here’s the thing. Debtors who try to abuse the bankruptcy system rarely get away with it. That

Lambos. Jewels. How ‘easy money’ from Uncle Sam made Miami a feast for PPP fraudsters

The Miami Herald reported on PPP fraud in South Florida, which is currently being prosecuted by the government. The article can be found at https://www.msn.com/en-us/news/crime/ar-BB1ktBVX?utm_source=pocket_myli… Rather than spending the money on