Enron employees who lost their retirement cash when the company collapsed were disappointed a second time when it was revealed that a company distributing a $218 million settlement payout got…
In a bit of good news for one of the nation’s largest mortgage lenders, which has been deluged lately with claims of abusive foreclosure practices, a federal judge in Texas…
When business is bad, business is good for bankruptcy lawyers. As more big businesses seek bankruptcy protection this year, more law firms are gearing up to handle the work.
Bankruptcy lawyers have started a letter-writing campaign in support of a judge who was wearing a cocktail dress when police arrested him on suspicion of…
In a highly unusual action, U.S. trustees in three states are seeking sanctions against Countrywide Financial Corp., contending that the major mortgage lender has abused the bankruptcy process by making…
Partner defections in the bankruptcy department at Weil, Gotshal & Manges highlight a disagreement in the firm about how its pre-eminent restructuring practice should be integrated with the rest of…
A pending congressional proposal to allow bankruptcy judges to reduce borrowers’ outstanding home mortgages is running into some strong opposition from lenders.
When opinion letters apparently written by a prominent New Jersey lawyer were sent to Merrill Lynch Business Financial Services in 2004 along with alleged fake financial statements, the bank reportedly…
A federal bankruptcy judge has refused to approve a fee request of almost $75,000 by a New York law firm because it did not clearly disclose the relationship between the…
In her 30-plus years of practice, Houston bankruptcy lawyer Evelyn H. Biery has seen the tides of her practice area rise and fall. Right now, she’s happily riding a wave.
A New York bankruptcy judge has refused to dismiss a trustee’s claims that a law firm and two of its lawyers participated in a scheme to hide the identity of…
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