by LNL Lawyers | Oct 13, 2014 | Bankruptcy & Reorganization
No creditor wants to receive a notice that its customer, client, or vendor has filed a bankruptcy case. At best, the bankruptcy filing means delay and increased expense. At worst, it means the reduction or extinguishment of a debt. Secured creditors, however, have...
by LNL Lawyers | Sep 3, 2014 | Bankruptcy & Reorganization
An emerging trend in Bankruptcy law is that debtors’ attorneys are filing class actions against mortgage servicers for violating the discharge injunction codified at § 524 of the Bankruptcy Code. In recent filings, debtors’ attorneys have alleged that: The failure to...
by LNL Lawyers | Jul 7, 2014 | Bankruptcy & Reorganization
In a recent decision, the United States Court of Appeals for the Sixth Circuit reversed a bankruptcy court decision from the United States District Court for the Eastern District of Tennessee which held that the absolute-priority rule, codified at 11 U.S.C. §...
by LNL Lawyers | May 15, 2014 | Bankruptcy & Reorganization
No matter how frustrated a lender may be with his debtor, that automatic stay of Section 362 of the bankruptcy code is still a stay. In the recent case of in re Stellato, decided by the Colorado Bankruptcy Court on May 9, 2014, Mr. Stellato had a grocery and deli. He...
by LNL Lawyers | Sep 17, 2010 | Bankruptcy & Reorganization
A man was lamenting his financial distress to his closest friend. “My business has been so bad in this economy,” he said, “that I’m afraid I may have to file bankruptcy.” “I have an alternative,” his friend said. “I’ve invented a pill that will slow your metabolism so...
by LNL Lawyers | Sep 30, 2008 | Bankruptcy & Reorganization
When Federal Bankruptcy laws were toughened up in 2005, due in large part to a Million lobbying effort by credit card companies and lenders, homeowners have walked away from their houses and not filed bankruptcy in record numbers. topical ivermectin over the counter...
