LexisNexis® Legal Newsroom
LexisNexis Bankruptcy Law Community Staff
Chapter 1: Overview of Chapter 11

by Richard F. Hahn & Jasmine Ball Debevoise & Plimpton LLP, New York Chapter 1 focuses on chapter 11 of the U.S. Bankruptcy Code, which provides chiefly for the reorganization, but also for the liquidation, of corporate debtors. Lawyers...

Steve Jakubowski
7th Circuit Shows How "An Ounce of Prevention Is Worth a Pound of Cure"

Busy lawyers often assume that it's ok to skip a ministerial presentment hearing and await the Court's order scheduling a hearing on the merits. Today's opinion from the 7th Circuit in United States v. Hyatt , reversing the finding of contempt...

Stephen Sather
Bankruptcy Court Predicts Fifth Circuit Will Adopt Broad View of Statement of Financial Condition

Section 523(a)(2) is a Code section which is very familiar to most experienced practitioners, but still can be tricky. In particular, the distinction between statements regarding financial condition and all other fraudulent statements has prompted...

LexisNexis Legal Business Community Staff
Podcast: Henry Sommer and Professor Ken Klee on the U.S. Supreme Court's decision in Schwab v. Reilly

On this edition, Henry Sommer, co-editor in chief of Collier on Bankruptcy and the LexisNexis Matthew Bender Collier line of bankruptcy publications, and Kenneth Klee, professor at UCLA Law and author of the recent LexisNexis Emerging Issue Analysis on...

Steve Jakubowski
Yra Harris on How BAPCPA Has "Flown Back in the Banks' Faces Good and Hard"

With little fanfare, Yra Harris, a veteran trader of Chicago's pits, started blogging his Notes From the Underground last December. I learned about it last month from a good friend of his, and strongly recommend it to you. Yra is a frequent guest...

Stephen Sather
Do Not Hide Assets from the Trustee. You Will Get Caught and Go to Jail.

Most of us have heard cocktail party talk about someone who had a lot of assets but managed to file bankruptcy and keep all of their stuff. Usually, the explanation has to do with exemptions and fully encumbered property. However, every once in a while...