Bill to create section of bankruptcy code for banks advances in House

Category: Bankruptcy Law
Published: Monday, 10 April 2017
John Conyers of Michigan, agreed that the collapse of investment bank Lehman Bros. in the financial crisis in 2008 "clearly revealed that current bankruptcy law is ill-equipped to deal with complex financial institutions in economic distress." The ...

Creditors to receive better protection against corporate bankruptcy and liquidation abuses from June 2017

Category: Bankruptcy Law
Published: Sunday, 09 April 2017
Depending on the grounds provided for in the Bankruptcy Law, such petitions may be filed by the bankruptcy manager on its own initiative, or could be based on the decision of the creditors' meeting or the creditors' committee.

Judge Garaufis honored for outstanding service to federal courts

Category: Bankruptcy Law
Published: Saturday, 08 April 2017
The Eastern District of New York of the Federal Bar Association (FBA) and the Southern District Chapter, the Bankruptcy Law, and Securities Law sections of the FBA, held a program on the intersection of bankruptcy and securities laws at the U.S ...

McGlinchey Stafford Member Rudy Cerone Named to ABI's Commission on Consumer Bankruptcy

Category: Bankruptcy Law
Published: Friday, 07 April 2017
A 38-year veteran of the legal profession, Cerone is a Fellow of the American College of Bankruptcy (2001) and is certified as a specialist in Business Bankruptcy Law by the American Board of Certification (1993) and by the Louisiana State Bar ...