BankruptcyProf Blog

Rowan gets 14 months ... and a tongue-lashing

"Christi Rowan might have served no more than six months in prison for helping
bankrupt auto mogul Denny Hecker hide assets, but her 'brazenness' — stealing money
in the FBI's possession — warranted nothing less than the maximum sentence, a federal judge ruled Tuesday.

U.S. District Judge Joan Ericksen sentenced Hecker's new wife to 14 months in prison.

'It's mindboggling that somebody would take money that was in the custody of the
court and the FBI," Ericksen said. "It does kind of take your breath away.'

Rowan, 37, declined to make a statement to the court. Wearing a white dress shirt
and black skirt, she stood stoically before the judge as the sentence was
handed down. Her 14-year-old daughter, who was in the courtroom with other
family members, sobbed audibly."

Read more here.

RECEPTION HONORING THE FEDERAL JUDICIARY

May 12, 2011
Time: 5:30 p.m. - 7:30 p.m.
Registration: 5:30 p.m.
Location: City Hall - Tom Bradley Room, 200 N. Spring St. 26th Fl., Los Angeles, CA
Cost: $70 (FBA Members), $50 (government employees//Students)
$85 (non members)
Group Registration Fees: FBA members 10 Tickets (10) $600;
Federal judiciary and 1 Guest Complimentary, Additional judicial guests $35.

Federal Bar Association - Los Angeles Chapter
210 N. Glenoaks Blvd. Ste C
Burbank, CA 91502
(818) 843-1020   fax: (818) 843-7423
www.fbala.org   email: fbala@emaoffice.com

Federal Bar Association - LIVE CM/ECF E-FILING TRAINING PROGRAM

The Federal Bar Association's LIVE e-filing training program enables attorneys and
support staff to comfortably utilize the District Court's CM/ECF filing system. 

* Get questions answered
* Eliminate "Notice of Filing Deficiency"  
* Attorneys get certified for login/password
* All participants get certificates and MCLE credits  

Upcoming Classes in Los Angeles:
Friday, March 25, 2011
Saturday, March 26, 2011

For more information or to sign up please contact:
Watkins Consulting, LLC
Mike or Maricris (ACE) Tel: 213.623.3979
Patrick  Watkins, Tel:  213.400.0175
email:  www.traincm-ecf.com

Westlaw “Headnote of the Day” -- Chapter 7 "vehicle" ?

163 Exemptions
163I Nature and Extent
163I(C) Property and Rights Exempt
163k44 k. Vehicles and Teams.
    Parts which Chapter 7 debtor had collected from various sources, and which, while
they had never been assembled, would, if assembled, comprise a working automobile,
did not constitute a "vehicle," for purposes of Oregon exemption statute; while
exemption statute was to be liberally construed, liberal construction could not
transform pile of parts into automobile.
In re McMillin, 441 B.R. 348 (Bankr. D. Or. 2010)

Los Angeles Bankruptcy Forum Presents

"The Beneficent Government: Federal and State Regulators in Bankrupcy Cases"

Regulators often have different goals than the usual bankruptcy constituencies --
maximizing returns to creditors is not what they're about. Our panel looks at
various regulators, what their goals are and what they do when they show up in
a bankruptcy case. Regulators discussed will include the FDIC, FTC, SEC, and state
health and insurance regulators.
 
Moderator:
Rodger M. Landau
Landau, Gottfried & Berger, LLP

Panelists:
Matthew Pakkala 
FTI Consulting,  Inc          
Michael B. Lubic 
K&L Gates, LLP
Samuel R. Maizel
Pachulski, Stang, Ziehl & Jones, LLP

Price                                                           
$80.00 for LABF members
$100 for non-members
$35.00 for government 
$10.00 additional at door

April 11, 2011
Hotel Intercontinental    
2151 Avenue of the Stars
Los Angeles, CA  90067

Doors Open 6:00          
Dinner at 6:45
Program at 7:30 p.m.
                          
If you have a question please
call Pat Garcia at (818) 972-5343

Perry Ellis Closes on Purchase of Anchor Blue Assets

"The Miami-based clothing retailer (NASDAQ: PERY) said it had the winning $500,000 bid during a March 3 auction for Anchor Blue and Miller’s Outpost trademarks, along with all other intellectual property holdings associated with Anchor Blue.

A bankruptcy court judge approved the deal."

Read more here.

Deutsche Bank Sells a Third of $325 Million Lehman Claim

"Deutsche Bank AG sold $100 million in claims on bankrupt Lehman Brothers Holdings Inc. to Dolostone LLC of New York, according to a bankruptcy court filing."

Read more here.