LexisNexis® Legal Newsroom
LexisNexis Bankruptcy Law Community Staff
LexisNexis Survey: Legal Community Deeply Divided On Business Issues, Impact Of Economic Downturn, Future Of The Industry

A new national survey reveals deep divisions between corporate counsel and private practice attorneys over the current state of the legal industry, the impact of the economic downturn and what the future holds for the law firm business model. The just...

Andrew Jurs
Sternberg v. Johnston, 582 F.3d 1114 (9th Cir. Oct. 1, 2009)

In this Emerging Issues Analysis, the author looks at a decision from the Ninth Circuit that effectively creates a circuit split on the issue of whether attorney's fees are available not only for remedying a stay violation but also for the efforts...

Constantinos Klissouras
New Pre-Bankruptcy Procedures in Greece

As of 16 September 2007, a new Insolvency Code governs insolvency and restructuring in Greece. The Code strives to abandon the inefficiency and archaic obscurity of the old law and to institute an efficient and effective insolvency regime drawing on the...

Ryan Kearns & Jim Muh
Number of Prepackaged Bankruptcy Filings Tripled in 2009

According to an analysis from BankruptcyData.com , the number of prepackaged bankruptcy filings has tripled in the past year. There were 30 such filings in 2009, as compared to only 10 in 2008. In a prepackaged bankruptcy, the debtors and certain...

Gerald Baldwin
New Pleading Standards for Avoidance Actions in Bankruptcy Courts

Pleading standards in bankruptcy avoidance actions have historically been set extremely low. The standards were so low that practitioners seldom saw a motion to dismiss under Rule 12(b)(6). The rules have just changed. NOTE: The case links below may...

James Cordrey
Arguments Presented To U.S. Supreme Court On Student Loan Debt Discharge Procedure

WASHINGTON, D.C. — A student loan agency told the U.S. Supreme Court Dec. 1, that allowing debtors to discharge their student loan debts by “mere declaration opens the door to recategorizing every category of non-dischargeable debt,”...