Sure. I think there can be silver linings in some of the challenges we face. Difficult times often result in new business models that are more focused, cohesive, efficient and responsive. Challenges give a real opportunity for companies to strengthen teamwork and resolve. It's also important to remember that clients are also facing many of the same challenges we are. They are looking for ways to retain customers while streamlining operations and reducing costs. That's a potential opendoor for new and deeper services with existing clients. We're always looking for ways in which we can improve the regulatory and legislative environment for our members. Obviously, we need to find a cell-phone/autodialer fix and we need a Foti solution to resolve the voicemail catch-22 dilemma. We've been w...
..., like improving debt media so account information is stored and transferred with greater certainty, and amending the bankruptcy code so any known thirdparty collection agencies c...
-- Headquarters: Draper -- Service: About 30 channels of wireless digital TV service through a set-top box and antenna for $19.95 monthly
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 added Bankruptcy Code Section 1102(b)(3) to require that a creditors' committee grant access to information to, and solicit comments about the case from, creditors whose interests the committee represents. Under Bankruptcy Code Section 1102, the US Trustee has the authority to appoint an official unsecured creditors committee in a Chapter II case. The committee usually consists of the debtor's largest unsecured creditors. Many other bankruptcy courts have routinely approved information sharing and solicitation protocols containing some or all of the requirements contained in the Refco order.
The hourly rates were gathered from applications for fees for work completed in 2010 included in court filings. Information was gleaned from bankruptcy cases, class action lawsuits and cases where a winning side requested attorneys' fees from the loser.
EDITOR'S NOTE: This story has been updated throughout. NEW YORK (Reuters) - Goldman Sachs Group Inc. and other banks fighting for control of Lehman Brothers Holdings Inc.'s bankruptcy have joined efforts to avoid sharing information about claims against the failed investment bank.
The Court of Appeals has disbarred a lawyer following his suspension in Colorado for failing to disclose information during his own bankruptcy proceeding and giving false testimony during that case. Maryland's highest court decided to go beyond reciprocal discipline for John Joseph Zudrow because actions involving intentional dishonesty generally lead to disbarment here.
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