BankruptcyBill.us

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Bankruptcy Billables is an overview of bankruptcy-relevant coverage and discussion from various law-related blogs.

Holding a J.D. and an International Affairs M.A. from Marquette University, Matt Leichter is an attorney licensed in Wisconsin and New York.  He speaks Japanese and focuses on comparative and international law, as well as international business.

Law Shucks

• CEO Blames Lawyers for Company’s Bankruptcy

WSJ Bankruptcy Beat

• Maine Sends Hamstrung Negotiator to FairPoint Talks
• The Daily Docket: Air America Signs Off
• If at First You Don’t Succeed, Open Your Wallet
• Tribune Gets Bonus Jitters as Payday Nears
• The Daily Docket: Bankruptcy for MGM?
• Ex-Football Star Facing Bankruptcy, Foreclosure
• The Daily Docket: W.R. Grace Seeks New Loan
• Bankruptcy Gets Starring Role on Bravo
• The Daily Docket: JAL Launches Restructuring
• Hecker Accused of Concealing Assets from Bankruptcy Court

Creditslips.org

• There May Be More Financially Distressed Small Business Owners Than You Think
• On Break Up Fees
• How Many Bankruptcy Appeals?
• Chapter 11 Costs — Help?
• Life Imitates Art (or at Least My Final Exam)
• Usury and Securitization
• A Special Bankruptcy Court
• Visa Does Not Issue Cards or Extend Credit.

Going Concern

• Who Wants to Buy Nic Cage’s Haunted House?

Above The Law

• Morning Docket: 01.14.10
• Bankruptcy Judge to the Rescue of Poor Old Lady/Law School Grad
• Job of the Week: Bankruptcy Baller

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

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Bankruptcy Billables is an overview of bankruptcy-relevant coverage and discussion from various law-related blogs.

Point of Law

• Future claimants’ interests in Chrysler bankruptcy, cont’d

Going Concern

• Chrysler Auditor Switcheroo Follow-up (UPDATE)
• PwC Basically Says That the Lehman Brothers Bankruptcy is a Trainwreck
• Rumor of the Day: Deloitte Snagging Chrysler Audit from KPMG?
• A British D-Lister Does What Many Only Wish They Could Do
• Gold Star of the Day: Deloitte

Above The Law

• Notes from the Breadline: To Be On Your Own (Part III)
• Non-Sequiturs: 08.31.09

WSJ Bankruptcy Beat

• William Jefferson Files For Bankruptcy
• Lehman to Chicago Schools: Pay Up!
• NHL’s Commitment To Arizona: One Season
• The New, Adventurous Eddie Bauer
• Non-Profit’s Bankruptcy Another Blow To Newspapers
• Giants Look To Recover $300M Lehman Fumble
• Kennedy and the Code

Creditslips.org

• Morning graph
• Chapter 11 today

Law Shucks

• On vacation this week.

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Bankruptcy Billables is an overview of bankruptcy-relevant coverage and discussion from various law-related blogs.

Law Shucks

• links for 2009-08-22 – Mentions Bankruptcy Bill #19 – Law firm raids)
• This Week in Layoffs – 8/21/09
• Reading List for Deal Lawyers – Includes excellent summary of Eat What You Kill by Milt Regan.  (Eat What You Kill is also one of the books in Bankruptcy Bill’s Summer Reading List.)

Point of Law

• Will Number 25 Be The Charm? – S. Todd Brown reviews and analyzes the latest developments in the seemingly endless Congoleum asbestos bankruptcy case.

WSJ Bankruptcy Beat

• Can You Pay My Bills?
• Coyotes Hometown Seeks to Block Gretzky Claim
• Recession Scares Morbid Industries Into Liquidation
• Forget Speidi; Meet Markus and Indrani
• Where’s Schwarzenegger When You Need Him?
• Lucky Dog: Dykstra Values Pooch at $10,000

Creditslips.org

Going Concern

• Preliminary Analytics | 08.26.09 – Madoff & JP Morgan; Colonial Bank-ruptcy; U.S. Postal Service job cuts

Above The Law

• All the News That’s Fit to Recycle (NYT reports: ‘Legal job market is hard!’)
• How to Avoid Getting Fired (very funny video)
• Fall Recruiting Open Thread: Vault 6-10 (2010)
• The Mainstream Media Is Aware That Law Firms Exist, Right? – Commentary on the lack of media attention for the role that law firms played in enabling the global financial crisis.

Bankruptcy Billables is an overview of bankruptcy-relevant coverage and discussion from various law-related blogs.

Point of Law

• Cramdown still lurking
• Systemic Indifference (S. Todd Brown comments on reckless and indifferent collection practices of mortgage companies cited in a Huffington Post piece by Karen Weise.  Ties commentary into accuracy of claims process in bankruptcy cases, particularly asbestos cases.)

WSJ Bankruptcy Beat

• Lawyer aims to bring “Fiegenomics” to Washington (Bankruptcy lawyer Tom Fiegen to challenge Iowa Sen. Chuck Grassley for his seat.)

Creditslips.org

• Thanks to Max
• Private Tax Collection
• The Lack of Evidentiary Foundations Fosters Fraud
• Show Me the Original Note and I Will Show You the Money
• The Alphabet Problem and the Pooling and Servicing Agreements
• Does a Tarnished Credit Report Equal an Untrustworthy Employee?
• How Much Credit Card Debt Do Bankrupt Consumers Have?
• What Does RESPA Have to do with Consumer Bankruptcy Cases?
• Countrywide Sanctioned by Ohio Court Citing Porter & Twomey
• HAMP–Is It Really All About the Money?
• The Consumer Financial Protection Agency
• Truth in Lending or Truth in Ownership of Residential Mortgage Notes
• The Problem with Houston
• Greetings to Max Gardner
• Remote Deposit Capture (RDC) iPhone App

Going Concern

• Huron Consulting Beats the Numbers, Cooked Books and a Bunch of Other Shadiness Notwithstanding
• Bank Failures by the Numbers
• Hammer Wants Everyone to Know That the IRS Can’t Touch This

Above The Law

• $40 Million Benchslap for Weil Gotshal (relates to IP and litigation, but anything about Weil Gotshal is bankruptcy relevant from Bankruptcy Bill’s perspective)
• How Well-Endowed Is Bernie Madoff?
• Official New Vault Rankings (Weil Gotshal moves up to #6)
• Morning Docket 08.18.09 (Why has there been no litigation surge in the recession?)
• Non-Sequiturs: 08.17.09 (Link to another legal cartoon site:  Courtoons–Daily Legal Cartoons.  By David Mills)
• Bad News for the Brothers Madoff?
• Morning Docket 08.17.09 (Programmers figure out a way to hack PACER to be able to access public court docs without having to pay for them.)

NYLawyer.com (free registration required)

• Laughing All the Way to the Bankruptcy: NY Firm Passes $100 Million in Fees in Lehman Disaster
• Zombie Firm Loses Bid to Set Aside NY Default Judgment

Law Shucks

• Layoffs in the Vault 25
• This Week in Layoffs – 8/14/09

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

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

Above The Law

• Non-Sequiturs 08.11.09 – ” For the bankruptcy law groupies among you: It’s a bird! It’s a plane! It’s… BAPCPA Man!”
• Morning Docket 08.11.09 – On potential shenanigans in the Heller Ehrman bankruptcy case.
• Morning Docket 08.10.09 – ABA Journal article on practice areas that are still booming, including debt collection.

NYLawyer.com (free registration required)

• Ouch! BigLaw Firm Settles Malpractice Claim for $20 Million
• NY Partner, Firm Cash In for $15 Million in Madoff Scandal
• NY Partners Switching Firms, NY Associates Making Partner – Kathryn Coleman and Eric Fromme to Hughes Hubbard Reed from Gibson Dunn
• BigLaw Associates On the Move – Associate Gloria Huang goes to Herrick Feinstein from Shearman & Sterling

Law Shucks

• Weil Finally Getting Paid – A summary of Weil Gotshal’s billing in the Lehman bankruptcy case
• Quick Shucks – 8/5/09 – Mentions a big firm bankruptcy associate in Philadelphia who also runs his own restaurant
• Handicapping the Next Layoff
• This Week in Layoffs – 8/7/09

Point of Law

• Chrysler and Sales Free and Clear

Creditslips.org

• The Consumer Financial Protection Agency
• Truth in Lending or Truth in Ownership of Residential Mortgage Notes
• The Problem with Houston
• Remote Deposit Capture (RDC) iPhone App
• How to Count Medical Debt in Bankruptcy
• Bankruptcy Filings Rise in July, Set Off Most of June’s Decline
• Congressional Hearing on Medical Bankruptcies (July 28, 2009)
• 2d Circuit Chysler Opinion
• Exporting Chapter 11
• A Note on Senior Debt
• Fed Conference on Consumer Credit
• Once more unto the breach, dear friends, once more
• After Notice and a Hearing — One Out of Two Ain’t Bad?

Going Concern

• Preliminary Analytics | 08.11.09 - CIT’s latest problem
• Review Comments | 08.10.09 – Recession forecast and the latest on the Huron Consulting accounting scandal
• Preliminary Analytics | 08.10.09 – Update on when Madoff victims can expect full payout
• Michael Jackson’s Doctor is a Deadbeat – And a candidate for bankruptcy?
• Colonial Bank Shouldn’t Make Any Late Summer Plans – Accounting irregularities and possible receivership for the mortgage lender
• The FDIC May Have to Seize Itself – Can the FDIC go under?
• More Madoff Justice Expected Today

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

Going Concern

• Huron Book Cooking Lawsuits Likely to Be Filed this Week
• Huron Consulting is Clearly Not a CPA Firm
• Preliminary Analytics | 08.05.09 – Coverage of bondholders’ attempt to fire Trump, and Banks Get Picky In Doling Out Credit Cards
• LandAmerica: Victims of Bad Marketing or Ponzi Schemers?

Law Shucks

• This Week in Layoffs – 7/31/09
• The Month in Layoffs – July 09

Point of Law

• W.R. Grace Chapter 11
• Clear as Mud: Asbestos Trusts and Empirical Evidence

Above The Law

• Jones Day Slams Its Competitors
• Public Law School Tuition On The Rise
• Unemployed Student Wants Her Money Back
• Bankruptcy Won’t Discharge $350,000 of Student Loan Debt for Law Graduate

Did we miss a good recent bankruptcy-related post on another blog?  Post in the comments section below, or e-mail bill [at] bankruptcybill [dot] us to let us know.

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

Above The Law

• Morning Dockets 07.30.09 mentions the continuing Bernie Madoff litigation (tangentially connected to bankruptcy) and also notes that a ruling is expected on the Delphi bankruptcy plan.
• Former Heller Ehrman Building Forfeit to Lenders – The foreclosure crisis at the corporate level in Heller Ehrman’s bankruptcy.  (Apparently loan modification wasn’t an option.)
• Lawyerly Lairs:  Marc Dreier’s Penthouse Goes for $8.2 million – The result of an auction in Marc Dreier’s bankruptcy case.
• Bankruptcy Won’t Discharge $350,000 of Student Loan Debt for Law Graduate – A relatively high-profile case in Minnesota that paints a bleak picture of one man’s struggles with student loan debt, though ATL suggests that the publicity from the case may fan the winds of change in favor of a “mercy rule.”  (Note: For anyone interested in strategic options for dealing with student loan debt,  this blog post titled “Benefits of Bankruptcy When You Owe Student Loans” by Las Vegas bankruptcy attorney George Haines of Haines & Krieger might be a helpful place to start.)

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.