In an interview, Harvey Miller, a business finance & restructuring partner at Weil Gotshal & Manges LLP, talked about bankruptcy law and secured lenders. According to Miller, in those days, young lawyers did not have a choice of what practice areas they would be engaged in and it just happened that the firm he went with was involved in a major bankruptcy case and just by an odd chance he got assigned to it. He said secured lenders are primarily interested in protecting their own interests. He can make arguments either way, but it has changed the nature of the process and the consequence of that is that you see more and more sales of the debtor's assets very early in the proceedings. He added the current trend today is on loan agreements that were entered into during the so-calle...
Policymakers are looking to small businesses as an important source of job growth in the economic recovery. But bankruptcies picked up steam last year in some large metropolitan areas such as San Bernardino and Los Angeles, reflecting the pressures still plaguing many small-business owners from the recession. The San Bernardino-Ontario-Riverside metropolitan area experienced a 10 percent jump in small-business bankruptcies in 2010 over the year before, between the first and third quarters, said Equifax, a consumer-credit-reporting firm. Meanwhile, San Diego and Oakland saw double-digit declines in bankruptcies of businesses smaller than 100 employees. Equifax analyzed Chapter 7, 11 and 13 bankruptcies.
Attorneys are ordinarily very careful creatures when it comes to protecting their all-important fee in a client's bankruptcy case. One Kentucky lawyer, however, has learned the hard way the dire consequences of failing to follow the rather simple rules governing retainers in bankruptcy.
Good Day. My name is Daniel Gonzalez. As licensed attorney and real estate broker, I am an expert in the field of bankruptcy and real estate matters. I have been helping the Hispanic community for many years. In this economy, there are many people who are struggling to pay their bills or just to keep their homes. Today, I want to speak to you on the basics of bankruptcy. I have been asked many times, "What are the key steps in the process of bankruptcy?" The following is just a general outline: Most people don't realize that there are many options available to alleviate the. financial pressures in this tough economy. The following is just a short list of services that Attorney Daniel Gonzalez offers to give you a "Fresh Start": Contact attorney Daniel Gonzalez, Esq. at 312962-0416 for a...
An attorney for Norton Property Management Services LLC, one of 16 companies under federal investigation in connection with an alleged corruption at San Bernardino International Airport, says aggressive actions by the airport forced the company to file bankruptcy. During a Thursday hearing in U.S. Bankruptcy Court in Riverside, John Melissinos, the attorney representing T. Milford Harrison, a manager at the company, said Norton Property had been working out a financial settlement with one of its three tenants, AeroPro, when the airport served Norton Property with a three-day notice on Dec. 5 to pay pay its debt, or leave a hangar.
The U.S. Supreme Court has agreed to decide whether a bankruptcy attorney is a "debt relief agency" and whether disclosure provisions in the 2005 bankruptcy reform law are constitutional. Under the statute, debt relief agency is defined as "any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration, or who is a bankruptcy petition preparer." (11 U.S.C. [section]526)
Although a local bankruptcy attorney sentenced to prison last week for stealing client funds is himself in bankruptcy proceedings, attorneys involved with the case said it's not too late for creditors to submit claims for reimbursement. Douglas W. Patterson, pleaded guilty to three counts of theft, class D felonies, in December.
A bankruptcy attorney's failure to disclose that he accepted $10,000 from the refinancing of his clients' mortgage warranted a one-year suspension rather than a recommended 60-day suspension, the Florida Supreme Court has ruled. The attorney purchased a law practice whose clients included a couple in Chapter 13 bankruptcy. He also represented them in several non-bankruptcy matters and helped them refinance a mortgage, purportedly to pay off their previous lawyer.
WILMINGTON, Del. - Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday.
A Mexico, Mo., attorney who faces civil and criminal charges after a hit-and-run last summer has filed for bankruptcy. James Clampitt
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