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August 5, 2011

Las Vegas Real Estate Agent Pleads Guilty to Tax Fraud and Bankruptcy Fraud Charges

"German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding, the Justice Department and the Internal Revenue Service (IRS) announced today."

Read more here.

August 5, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Dodgers, MLB submit loan agreement to bankruptcy court

"The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday, under which the league would loan the Dodgers the money needed to get through the season at 7% interest and would not seize the team in the event of default."

Read more here.

August 5, 2011 in Current Affairs | Permalink | Comments (1) | TrackBack

August 4, 2011

California: Crystal Cathedral Not for Sale

"The Crystal Cathedral Ministries board has decided not to sell the campus of the landmark Orange County church, as the ministry works to emerge from bankruptcy proceedings. Potential buyers, including the Diocese of Orange, had offered up to $50 million for the campus, which would have allowed Crystal Cathedral to pay its creditors in full. Instead, the church will try to raise the money through donations, its lawyer told a bankruptcy court on Monday. The church may have only about four months to do so while the creditors committee proceeds with its own plan for a sale of the church."

From the New York Times.

August 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Bankruptcy Inn Alliance

From: Andrew R. Turner [mailto:ATurner@TurnerLaw.net]
Sent: Thursday, August 04, 2011 9:19 AM
To: Brett Curlee; Esq.
Subject: New Bankruptcy Inn of Court Alliance

Colleagues in the American Inns of Court Bankruptcy Community:

As our new Inn programming year begins, Michael McConnell and I very are pleased to announce the formation of the Bankruptcy Inn Alliance designed to foster the exchange of programs and information between the bankruptcy Inns, provide a forum to discuss issues of general concern to bankruptcy practitioners, and help encourage the formation of new Inns that focus on bankruptcy and insolvency law. 

Please follow this link http://www.innsofcourt.org/Content/Default.aspx?Id=6161 to read our formal announcement and the letter containing all the details. 

In addition, we have established a base on the American Inns of Court website to showcase our new alliance.  Here is a separate link to the letter by visiting Alliance homepage www.americaninnsofcourt.org/bankruptcyalliance

We look forward to your participation and collaboration in this effort.  Thank you for your continuing commitment to the American Inns of Court.

Kind regards,

Andrew Turner 
Co-Chair and Founder 

August 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

NACTT Annual Seminar This Weekend

46th Annual NACTT Seminar
August 3-6, 2011
Anaheim Marriott
Anaheim, CA
For information contact:
NACTT at (800) 445-8629, or visit NACTT at
One Windsor Cove, Suite 305
Columbia, SC 29223

August 4, 2011 in Programs | Permalink | Comments (0) | TrackBack

August 2, 2011

Info from Chapter 13 Trustee

Recent postings by Aki Koyama, staff attorney for Kathy Dockery, on Facebook:

1. As you are aware, Judge Donovan has consolidated his two August Chapter 13 Calendars and will have only one Confirmation Hearing and Trustee Motion Calendar on August 25, 2011. In order to provide all parties with an orderly review of cases set for confirmation hearing on that day, the Trustee's Office will begin reviewing files on August 1, 2011. (7/28/11)

2. Therefore, please submit all responses to Trustee Objections and file any other documents you feel are required for your client's plan to be confirmed as soon as possible. Additionally, if you intend to convert cases to chapter 7, please file your Notice of Conversion to 7 as soon as possible. Thank you. (7/28/11)

3. The Judge has posted her policy regarding timely appearances in her courtroom. This policy will be in effect from the July 28, 2011 calendar. Please make sure to check in with me before the hearing. I will be at the courtroom by 7:30 a.m. PLEASE READ BELOW: (7/24/11)


5. Judge Donovan will no longer allow telephonic appearances for confirmation hearings. (7/22/11)

August 2, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

August 1, 2011

ABI Ethics Task Force / Project

Posted by Jim Cossitt:

I am a member of a recently formed ABI Ethics Task Force / Project that is going to be making proposals for uniform national standards. We are just getting started and I will put this on the list of possible topics.

The task force has been formed to:

The ABI National Ethics Task Force (the “Task Force”), which was formed by ABI President Geoff Berman earlier this year, met in Brooklyn at the Conrad B. Duberstein United States Bankruptcy Courthouse on July 11, 2011. The mission of the Task Force is to consider ethics issues in bankruptcy practice and make recommendations for uniform standards, where appropriate. During its meeting, the Task Force further narrowed the scope of topics it intends to study and address and set a schedule for future meetings.

Judith Greenstone Miller has been appointed the Chair of the Task Force. Professor Nancy Rapoport and Professor Lois Lupica, bankruptcy ethics specialists at the University of Nevada Las Vegas and the University of Maine, respectively, are serving as the reporters for the Task Force. The Honorable Elizabeth Stong, United States Bankruptcy Court for the Eastern District of New York, is serving as the judicial liaison for the Task Force. The Task Force members include: Michael Richman, Richard Carmody, Richard Meth, Susan Freeman, Robert Charles, T. Edward Gavin, Claude L. “Chip”) Bowles, Jr., Theresa Brown-Edwards, Steven Schwaber, James Cossitt, and Andy Vara, Assistant United States Trustee for Region 9. Ex officio serving on the Task Force are Sam Gerdano, Amy Quackenboss, Geoff Berman, Robert Keach and James Marcus.

If you have any suggestions for topics or issues that the Task Force should address, please email Judy Miller at jmiller@jaffelaw.com.

If there are others who have ethics / civility / competence issues of importance to the consumer bar that you would like to be considered or addressed, please advise.

The consumer committee consists of myself, Steven Schwaber, Judge Stong, Chip Bowles and I think Andy Vara as well. Professor Lois Lupica is the reporter for the consumer group and also the author of a big consumer fee study that will be released this winter.

Feel free to contact me publicly at this address or privately at jhc@cossittlaw.com.

Thanks, Jim

*Jim Cossitt, Kalispell MT USA
Tel. 406-752-5616 Mountain
*District of Montana / CA 9*
For private or off list email please use: jhc@cossittlaw.com

August 1, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Small Rhode Island Town Goes Bankrupt

"Central Falls, Rhode Island, a little town in the northeast part of the state,
with a population of only has 19,376, has gone into Chapter 9 bankruptcy."

Read more here.

August 1, 2011 in Current Affairs | Permalink | Comments (1) | TrackBack