ABA Journal

Bankruptcy Law

1143 ABA Journal Bankruptcy Law articles.

1031 Exchange Firms Fail, Cost Investors

A number of successful real estate investors set for retirement are now scrambling to recover their money and facing big tax bills. The problem is, their assets reportedly were held…

$500 Hourly Fee Enough, Judge Says

A judge has refused to approve $4.2 million in bonuses for lawyers involved in the Northwest Airlines bankruptcy case.

U.S. Bankruptcy Judge Allan Gropper of New York City said the…

Chicago Coup Lures 8-Lawyer Group

In a hot-practice-area coup in Chicago, Bell, Boyd & Lloyd has lured eight bankruptcy lawyers, including a new practice group head, from rival Freeborn & Peters.

The lateral group will…

Plagiarizing Lawyer Sent to Law School

In an acerbic opinion, a federal bankruptcy judge has ordered an Iowa lawyer who submitted a largely plagiarized brief to return to law school and take a legal ethics course.

Banks Try to Lend to Subprime Borrowers

As federal and state legislators ponder possible legislation to deal with a spate of mortgage foreclosures attributed to an explosion of risky subprime lending in recent years, some say a…

Enron Claims Ruling Overturned

A federal judge in New York has overturned a ruling in Enron bankruptcy litigation that had caused consternation on Wall Street.

U.S. District Judge Shira Scheindlin ruled that good-faith purchasers…

Lawyers Learn $28 Million Lesson

HomeBanc Mortgage Corp. bounced as much as $28 million in checks before filing for bankruptcy, causing headaches for Atlanta-area lawyers who went through with closings assuming the money would be…

Mortgage Mess Spurs Suits

Attorneys likely won’t have any trouble finding defendants to sue over the meltdown in the mortgage markets.

Suits have already been filed by investors in bankrupt mortgage companies and mortgage-backed…

Bankruptcy Legal Bill is $18 M

Lawyers who represented the Catholic Archdiocese of Portland, Ore., and its creditors in bankruptcy proceedings triggered in 2004 by clergy sex abuse claims have submitted their final bill.

It is…

Relief for Lawyers in $20 M Lender Bounced-Checks Case

There is relief in sight for lawyers in Georgia and elsewhere who covered perhaps $20 million in bounced checks issued by a mortgage lender.

After hearing from Edwin R. Neel,…

Lender’s Bounced Checks Create Lawyer Havoc

A mortgage company that went belly-up has left Atlanta-area lawyers digging into their own pockets to cover escrow losses.

HomeBanc Mortgage Corp. may have issued as much as $20 million…

V&E Latest Bankruptcy Convert

Vinson & Elkins is the latest law firm to add bankruptcy lawyers, acquiring a five-lawyer boutique for its New York office.

The firm, Cronin & Vris, worked extensively with V&E…

Retired Delta Pilots Seek $100 M

About 1,000 retired pilots for Delta Air Lines claim the company owes them at least $100 million in pension benefits.

The pilots said in a New York bankruptcy filing that…

Ruling Speeds NJ Foreclosures

A federal appeals court has cleared up a dispute in New Jersey over how long homeowners have to cure a mortgage default.

The 3rd U.S. Circuit Court of Appeals

New Suit Targets Refco Purchaser

The legal fight over responsibility for the failure of commodities broker Refco has taken another turn, as a plaintiff now becomes a defendant.

A lawsuit by a Refco trustee contends…

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