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Last Call Guarantor, LLC and eight affiliates have filed chapter 11 cases before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11844).  The debtors operate the Fox & Hound Sports Tavern, Bailey’s Sports Grille and Champps Kitchen and Bar restaurants.  The petition and the docket are available through Epiq.

Contact Norman L. Pernick or Nicholas J. Brannick for more information.

2 weeks 5 days ago

This is the bankruptcy case study for Ms. Jones who resides in Joliet, Illinois. Ms. Jones was in the office today to determine whether or not Chapter 7 or Chapter 13 bankruptcy will provide some needed relief. Let’s go through the facts and details of her case. Ms. Jones is not a homeowner. She is+ Read More

The post Bankruptcy Case Study For Ms. Jones appeared first on David M. Siegel.

2 weeks 5 days ago

Banks need to embrace technology that can deliver the speed and personalization millennials have come to expect or risk losing this customer segment to fintech companies for good.

Read More from: BankThink

2 weeks 5 days ago

Mistakes can cost you big time when it comes to filing for bankruptcy. Whether you attempt it alone or hire a knowledgeable Walworth County bankruptcy attorney, making mistakes is something you definitely want to avoid. One little mistake could cost you everything. Our Walworth County bankruptcy attorney, Shannon Wynn, shares common mistakes people make when filing for bankruptcy.

Walworth County bankruptcy attorney lists filing mistakes1. Not Being Honest. Lying about your income or assets will get your bankruptcy case dismissed. It could also land you in jail. Walworth County bankruptcy attorney, Shannon Wynn, can assist you with filing your bankruptcy at the best time.

Read More from: Wynn at Law, LLC

2 weeks 5 days ago

We are a consumer bankruptcy law firm helping persons and businesses with their financial situation.  If you believe we can be of assistance to you, please contact us today at johnrogers@glasgow-ky.com  or toll-free at 1-888-651-9353 and put our experience to work for you.  We offer a free initial consultation and we are available to accommodate your schedule and meet with you on weekends or during the evening.

We are located in Glasgow, Kentucky at 111 West Wayne Street, one block off of the Square in Glasgow.  Glasgow is conveniently located on the Louie B. Nunn Cumberland Parkway, for those traveling from west or east of Glasgow

We are Certified, Consumer Bankruptcy Law, American Board of Certification… one of the few attorneys in Kentucky so certified www.abcworld.org

We are an active member of the National Association of Consumer Bankruptcy Attorneys, serving as Kentucky State Chair of this organization. www.nacba.com

We are also have been designated a debt relief agency by Congress and the United States Supreme Court and we provide legal assistance to consumers seeking relief under the Bankruptcy Code.

Also, be sure to check out our other website address of www.bankruptcy.ky for more information on filing bankruptcy and John Rogers, Attorney at Law

2 weeks 5 days ago

The emergence of lenders that have no real connection to a geographic area prompts questions over how the Community Reinvestment Act's "good neighbor" policy can continue.

Read More from: BankThink

2 weeks 5 days ago

Wall Street Journal

Preparing for cyberwar: Eight of the largest U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, have joined together to tackle the growing threat of cyberattacks. The banks expect group members to share more information with each other about threats, prepare comprehensive responses and conduct "war games." The financial services industry ranked third in the number of cyberattacks last year, after health care and manufacturing. ...

Read More from: BankThink

2 weeks 5 days ago

 

gadsden attorney Carla HandyOver the years I have routinely blogged about celebrity bankruptcies in order to highlight the cautionary tale each case presents.  Let’s catch up with several of those we have followed in past years and see where they are now.

Read More from: Bonds & Botes, P.C.

2 weeks 5 days ago

In re Cimarron Group, Inc., 545 B.R. 646 (Bankr. D. Mont. 2016) – A real estate broker filed a proof of claim in a chapter 7 bankruptcy contending that it was owed a commission based on a pre-bankruptcy listing agreement. … Continue reading

2 weeks 5 days ago

Map of SlovakiaA recent decision of the Slovak Courts suggest that if main proceedings have been opened in one member state and the debtor has assets in Slovakia, the insolvency practitioner in the main proceedings must act quickly and sell those assets before secondary proceedings are opened in Slovakia, otherwise he runs the risk of losing the assets to the secondary estate. Legal title to the assets must have passed to the buyer before the secondary proceedings are opened; it is not enough just for contracts to have been exchanged. If title has not passed when the secondary proceedings are opened, then the subsequently appointed Slovak trustee must ratify the transfer to avoid its validity being challenged in the future.

Timeline

18 November 2008: Restructuring proceedings are opened in France for Key Plastics Slovakia, s.r.o. (“Key Plastics”).

29 May  2009: Decision made to sell all Key Plastics’ assets to Plastique Du Val Loire (“Plastique”). We understand that the parties agreed a framework sale plan but did not actually sign a contract for sale.

1 June 2009: Plastique is granted the right to use Key Plastics’ assets and Key Plastics ceases trading.

Read More from: eSQUIRE Global Crossings

2 weeks 5 days ago

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A bankruptcy judge for the Eastern District of California sanctioned attorney Pauldeep Bains for filing a bankruptcy petition signed with digital signatures.  (See In re Mayfield, Case #16-22134).

The attorney sent completed bankruptcy documents to the debtor to sign via a digital signature service called  DocuSign.  Bankruptcy judge Robert Bardwil imposed sanctions for violations of bankruptcy rule 9004-1(c)(1)C) & (D).  Those rules state the following:

(C) The Use of “/s/ Name” or a Software Generated-Electronic Signature.  The use of “/s/ Name” or a software-generated electronic signature on documents constitutes the registered user’s representation that an originally signed copy of the document exists and is in the registered user’s possession at the time of filing.

2 weeks 5 days ago

The DAO heist and subsequent reversal of funds on the Ethereum blockchain demonstrate why developers and miners of public blockchains should have more accountability.

Read More from: BankThink

2 weeks 6 days ago

In re City Sports, Inc., No. 15-12054 (KG), 2016 WL 4190090 (Bankr. D. Del. Aug. 4, 2016)

In what the Bankruptcy Court deemed a purely academic issue given the circumstances of the City Sports bankruptcy cases, Judge Gross held that unredeemed gift cards are not entitled to priority status, and instead, are properly classified as general unsecured claims.  In so doing, Judge Gross rejected and disagreed with a previous holding of the Delaware Bankruptcy Court wherein the court found that gift cards fall under the definition of “deposit” and accorded them priority status under the Bankruptcy Code.  See In re WW Warehouse, Inc., 313 B.R. 588, 592 (Bankr. D. Del. 2004) (Rosenthal, J.).  This lengthy Opinion dissects the plain meaning of Bankruptcy Code section 507(a)(7) and related case law before delving into the legislative history for further support. Read More ›

Read More from: Delaware Bankruptcy Insider

2 weeks 6 days ago

At best, the proposal to restore Glass-Steagall is outreach to Bernie Sanders supporters. But at worst, it suggests the GOP candidate isn't as anti-regulation as he claims to be.

Read More from: BankThink

2 weeks 6 days ago

James EzzellIn my last blog post, I gave a quick rundown on a few of the services that the Social Security Administration (SSA) provides to individuals and the numbers associated with them.

Again, the SSA has broken down these and other associated figures in detail on its website for those who are interested.  Overall, some 10 million plus Americans are drawing SSA benefits of one type or another these days

Now, how does that translate to those of us who are living in Alabama and receiving benefits?

Read More from: Bonds & Botes, P.C.

2 weeks 6 days ago

Receiving Wide Coverage ...

Barclays settles again: Barclays Bank agreed to pay $100 million to settle charges by 43 states and the District of Columbia that it tried to manipulate the London interbank offered rate thereby defrauding government entities and nonprofits out of millions of dollars. The settlement comes roughly four years after the British bank paid $450 million to settle similar claims brought by federal and British authorities. Wall Street Journal, New York Times ...

Read More from: BankThink

2 weeks 6 days ago

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By: Donald L. Swanson

The first of my three articles on In re Smith, 524 B.R. 689 (Bkrtcy.S.D.Tex. 2015), quotes the Judge’s arguments for opposing mediation. Some of those arguments seem off-base, as I noted in Part 1.

Mediator as Professional

However, the Judge addresses another issue in that case on which his ruling is more main-steam.  He rules that a mediator is a “professional person” under § 327(a) and Rule 2014(a), whose employment must be approved by the Court before being paid by the bankruptcy estate.

Here’s what the Judge says on this mediator-as-a-professional issue:

–This Court prohibited the parties from going forward with their scheduled mediation because the Trustee failed to obtain prior approval to retain ex-Judge Clark as a mediator pursuant to 11 U.S.C. § 327(a).

–Commentators are divided on whether mediators are “professional persons” governed by § 327(a) and Rule 2014(a).

Read More from: Mediatbankry

2 weeks 6 days ago

Businessman climbing on wooden ladder to reach cloud houseUnfortunately that is not the question for many young (and even not so young) aspiring UK homeowners who are struggling to get their feet on the property ladder and buy their own home in the current market.

It seems that the UK as a nation is obsessed with home ownership and that first rung on the property ladder symbolises stability, success and achievement (with the small matter of a 25 year mortgage). However, across the country home ownership has seen a sharp decline with the data from the government’s English House Survey showing that the total number of first time buyers has significantly fallen in the last 10 years, because that first rung on the ladder is out of reach for many people. The Resolution Foundation have estimated that English home ownership now sits at just 63.8% – taking home ownership back to levels last seen in 1986.

The decline in home ownership has arrived hand in hand with the rise of the private rental market. The on-going boom in the buy to let market has supported the buoyancy in the house price market which makes it that much harder for aspiring first time buyers.

Read More from: eSQUIRE Global Crossings

2 weeks 6 days ago

The biggest change in banking in the last 60 years is the shift in balance sheets from business lending to real estate finance and therefore more risk tied to volatile real estate prices.

Read More from: BankThink

3 weeks 6 hours ago

New Delaware Chapter 11 Filings – Roadhouse Holding Inc. et al.

3 weeks 7 hours ago

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