As reported on the Wall Street Journal bankruptcy blogs , Sonja Morgan, a star
of the Bravo series Real Housewives of New York Season 3, has filed a personal
chapter 11 bankruptcy case. She lists $19.8 million in debt and $13.5 million
in assets on...
The news that reality television stars, Heidi Montag and
Spencer Pratt, are broke and contemplating filing for bankruptcy should not be
too surprising. As with many people who encounter rapid wealth at a young age,
Heidi and Spencer have fallen into...
By Ann V. Kramer and Jennifer D. Katz
In Rosciti v. Liberty Mutual Insurance Company , the District Court of Rhode Island concluded that an individual seeking damages from a bankrupt company cannot directly collect from that company’s excess...
LexisNexis Emerging Issues Analysis, Professor Kenneth N. Klee discusses the
holding in Milavetz, Gallop & Milavetz, P.A. v. United States, 2010 U.S.
Lexis 2206 (2010), which concerns the constitutionality of bankruptcy
by Sidney Goldstein
There is a commonly held view that individuals
and business entities have a "God Given Right" or at least a
Constitutional Right to declare bankruptcy to protect themselves from creditor
claims. Not being a theologian...
A couple who filed bankruptcy in 2004 have been charged with
hiding assets and money laundering and income tax avoidance. But that may
only be part of their trouble. Federal agents have seized over 5 million
dollars in cash from their home in Colleyville...
The Means Test is the standard adopted in the 2005 amendments to the Bankruptcy Code to prevent individual high wage earners from filing a Chapter 7 liquidation. However, if more than half of the individual's debt is related to a failed business,...
Because you generally cannot modify your mortgage on your primary residence in a bankruptcy case, I often suggest that people who are most troubled by their mortgage debts seek assistance outside of bankruptcy.
I had high hopes for the Obama mortgage...
This paper was originally presented to the West Texas
Bankruptcy Institute on October 29, 2010.
Love and marriage,
Love and marriage
Like a horse and carriage
This I tell you brother
You can't have one without the other ...
How does someone successfully get out of debt? What propels certain people to climb up from financial troubles to wealth and
In the book, The Road Out of Debt: Bankruptcy and Other Solutions to Your
Financial Problems, we provide a how-to...
The Collier Guide to Chapter 11: Key Topics and Selected Industries is the latest addition to the Collier line of bankruptcy products from LexisNexis. Written by over 20 bankruptcy lawyers from leading firms, the Guide takes an in-depth look at the key...
This Emerging Issues Analysis
considers two circuit court decisions holding that Bankruptcy Code section
525(b) does not prohibit private employers from discriminating against job
applicants who have filed bankruptcy. Section 525(a) does prohibit governmental...
NEW YORK — (Mealey's) The Second Circuit U.S. Court of Appeals on July 22 reinstated a federal bankruptcy court ruling requiring two insurance companies to pay $510 million to asbestos personal injury plaintiffs under decades-old settlements...
Frequently it makes sense for only one spouse to file bankruptcy. Where the husband has wracked up large business debts in his name only and the wife has significant separate property or sole management property, the husband can file bankruptcy without...
In this Emerging Issues commentary, Neil E. Herman, a partner in the Bankruptcy and Financial Restructuring Practice of Morgan, Lewis & Bockius LLP, explains how asset sales play a significant role in nearly every retail bankruptcy case. A variety...