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Archive for July, 2009

BAPCPA Man #1 – Automatic Stay

Friday, July 31st, 2009


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For a more in depth explanation of the automatic stay, take a look at the Wikipedia entry as well as a brief explanation by Haines & Krieger (Las Vegas, NV) and an explanatory blog post by Michael Anderson, Esq. on Arizona Bankruptcy Lawyer Blog.

Click here for previous BAPCPA Man cartoons or here for all cartoons on the site relating to consumer bankruptcy.

(To see more of Gideon Kendall’s work go to www.gideonkendall.com and gideonkendall.squarespace.com/journal.)

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BLT (Bankruptcy Lawyer Topics): Loan modification

Friday, July 31st, 2009

BLT (Bankruptcy Lawyer Topics) is a review of  consumer bankruptcy topics being covered on bankruptcy lawyer blogs.

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Loan modification (also sometimes referred to as mortgage modification) is a very hot topic these days.  It’s helping a lot of homeowners avoid foreclosure.  Though it’s also fertile ground for scams.  And in in the big picture it may only be putting a dent in the problem.  As the New York Times pointed out yesterday (”Lucrative Fees May Deter Efforts to Alter Loans“), it’s a complicated situation.

If you’re facing foreclosure and considering loan modification, or if you’re just interested in the topic, here are some bankruptcy lawyer blog posts that may be helpful:

California

New York

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Bankruptcy Billables 7.30.09

Thursday, July 30th, 2009

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Bankruptcy Billables is an overview of bankruptcy coverage and discussion from various independent law blogs.

Above The Law

Law Shucks

  • Things Not Going Well for Rattner - The ongoing saga of Steven Rattner who stepped down from his role as head of Obama’s auto task force.
  • Quick Shucks 7/16/09 – Notes that Lenny Dykstra’s bankruptcy reveals some significant bills owed to BigLaw firms.
  • The Deal’s Up and Coming Lawyers – Two bankruptcy lawyers–Jonathan Henes of Kirkland & Ellis and Sushil Kirpalani of Quinn Emanuel–among those commented on.
  • Law Shucks has also provided original coverage and commentary on Weil Gotshal and Harvey Miller in connection with GM, Chrysler and the other mega-bankruptcy cases.

Overlawyered

  • July 27 Roundup – Notes that bankruptcy fees in Lehman are up to $62 million and could reach $1 billion.

Point of Law

  • Not so fast, Mrs. Madoff – Comments on the Bernie Madoff trustee’s action to recover $44 million from Ruth Madoff.
  • GM and Chrysler – Helpful up-to-date synopsis of the auto bailout and bankruptcies by S. Todd Brown.

Did we miss a good recent bankruptcy-related post on another blog?  E-mail bill [at] bankruptcybill [dot] us to let us know.