Recent Blog Entries

Kentucky Bankruptcy

A bankruptcy blog from the attorneys at Harned Bachert & McGehee PSC

Bankruptcy Pleading Standards After Twombly and Iqbal

On March 16, 2010, the U.S. Bankruptcy Court for the Eastern District of Michigan (which covers Detroit, Bay City, and Flint) announced on its website that the next meeting of the Debtor/Creditors’ Rights Committee of the Business Law Section of the State Bar will include an educational program on Bankruptcy Pleading Standards after the U.S. Supreme Court rulings in Bell Atlantic Corp. v. Twombly and Ashcroft v.

Are mobile payments a service in search of a market?

Consumers are warming up to using their mobile phones to manage their bank accounts, but some wonder whether people want to use them to pay for items in stores or to transfer money.

Auto Lender Ordered to Pay a Sanction

On March 15, 2010, Judge Cox ordered Chicago Auto Source, Inc. to pay a sanction in the amount of $5,000.00 plus attorney’s fees of $850.00 for its automatic stay violation as related to a 2000 BMW 528i. When Chapter 13 bankruptcy case 10-06172 was filed, attorney John Ellmann of David M. Siegel & Associates, attempted to advise the auto financier of the bankruptcy filing. When denied proper communication channels, Ellmann filed his Motion for Sanctions. This is the second such case involving sanction motions that David M. Siegel & Associates has pending.

Reasonably Equivalent Value for Academic Prestige?!

BearingPoint's Trustee has just brought a fraudulent transfer action to get back a donation it paid Yale of $6 million to endow a chair and earn naming rights of certain on-campus buildings at its School of Management. (If someone can...

Extended Stay Hopes to Pull Itself out of Bankruptcy

The hotel chain Extended Stay has been in the news lately, as its senior lenders and several financial firms attempt to pull it out of bankruptcy later in the year.

Financial Consumer Protection--The Last Thing We Need Is Federal Banking Regulator Oversight

Yesterday, I was talking with former Credit Slips guest blogger Pat McCoy about perhaps reprising that role for us. McCoy is a law professor at the University of Connecticut and, along with her co-author Kathleen Engel, was writing about Wall...