BankruptcyProf Blog

Subprime Mortgage Pioneer C-Bass Files Bankruptcy

Read the article here.

Bankruptcy Community Holiday Party at the Roybal Federal Building

Los Angeles Bankruptcy Forum
Financial Lawyers Conference
LACBA Commercial Law and Bankruptcy Section
Central District Consumer Bankruptcy Attorneys Association and
Beverly Hills Bar Association Bankruptcy Comittee

Invite you to a Holiday Party at the Roybal Federal Building on December 13, 2010 6:00 p.m. - 8:00 p.m.
 
Support the efforts of Public Counsel, Bet Tzedek, Neighborhood Legal Services, The Legal Aid Foundation of Los Angeles and others who contribute to those in need of bankruptcy-related services in our community. 

Edward R. Roybal Federal Building
255 East Temple Street
Los Angeles, CA 90012

$100 for Members
$125 for Non-Members
$35 Government
Registration at Door - Additional $25

Network with your professional colleagues and bankruptcy judges.  All net proceeds from the event will be donated to participating pro-bono organizations.

To register on-line visit Holiday Party Registration www.labankruptcyforum.org

Bow Ties: Who Wore It Best?

"Every year, the members of the Central District Consumer Bankruptcy Attorneys Association recognizes an attorney, trustee, or judge for their exemplary efforts affecting consumer debtors. The award presented is the Calvin Ashland Award. This year's honor was awarded to Chapter 13 Trustee of the year, Kathy A. Dockery.  Aside from the incredible honors, I noted the scuttle but about bow ties being appropriate for this occasion."

Read the article here.

Developer of Bundy Village Medical Complex Files for Bankruptcy Protection

Read the article here.

AVP Beach Volleyball Tour Files for Bankruptcy

Read the article here.

Tribune Seeks Approval of Bonus Plan

"The Tribune Co. is asking a Delaware bankruptcy judge to approve up to $43 million in bonuses for top executives and managers this year."

Read the article.

Bankruptcies Soar -- But Not For Businesses

Read the article here.

Judge Merideth Jury Reappointment

The Ninth Circuit is seeking comments on the proposed reappointment of Judge Merideth Jury.  She certainly has my vote.  The announcement is here. 

October Filings Hold Steady

	2007	2008	2009	%	2010	%
Jan	55,200	70,300	89,000	27%	102,600	15%
Feb	58,800	79,500	102,000	28%	117,800	15%
March	73,100	90,400	131,000	45%	159,200	22%
April	67,800	93,200	128,700	38%	146,200	14%
May	69,900	89,700	120,400	34%	133,500	11%
June	67,300	89,900	124,800	39%	133,850	7%
July	69,100	96,400	130,500	35%	134,600	3%
Aug	77,100	94,300	120,000	27%	135,600	13%
Sept	67,500	96,200	125,500	30%	134,000	7%
Oct	81,200	108,900	130,200	20%	129,700	0%
Nov	74,200	91,400	115,500	26%
Dec	65,900	95,900	117,000	22%
	827,100	1,096,100	1,434,600	31%	1,327,050

Thanks to the Bankruptcy Internet Project.

Court of Appeals Cases from Last Week

United States First Circuit, 11/02/2010
In re Net-Valazquez, --- F.3d --- (1st Cir. 2010) 
Creditor's garnishment of funds affirmed as preference: 1) because the creditor neglected to squarely raise its arguments before the bankruptcy court, it has waived them; and 2) the equities do not heavily preponderate in favor of allowing the new arguments.

Court of Appeals of New York, 11/04/2010
Kirschner v. KPMG LLP, No. 151
In a derivative action against accounting firms by the litigation trustee for allegedly aiding and abetting fraud, in response to questions certified by the Second Circuit, the court declined to alter its precedent relating to in pari delicto, and imputation and the adverse interest exception, as it would have to do to bring about the expansion of third-party liability sought by plaintiffs here.