Secured creditors

Connecticut AG Calls On Ski Market To Honor Gift Cards

Associated Press
Richard Blumenthal

The fight over the fate of gift cards in a bankruptcy proceeding continues, as Connecticut’s attorney general takes aim at The Ski Market L

San Diego Attorney Margaret Mann appointed as new Bankruptcy Judge in San Diego

As reported on the BK Ct Web page:
http://www.casb.uscourts.gov/html/bulletinbd.htm
N E W S R E L E A S E
December 15, 2009 Contact: Katherine Monterola, (415) 355-8800
Court of Appeals Appoints New Bankruptcy
Judge for Southern District of California
SAN FRANCISCO — Chief Judge Alex Kozinski of the United States Court of Appeals for the
Ninth Circuit today announced the appointment of San Diego attorney Margaret M. Mann to
serve as a judge of the U.S. Bankruptcy Court for the Southern District of California.

Proposals for Haircuts at the FDIC

FDIC-sponsored haircuts have become a hot item in the blogosphere. My wife used to work for the FDIC, and I smile every time I hear the term as I think about the building on F Street with a big barber...

9th Circuit BAP Adds to Debate on Above-Median Chapter 13 Plans, How to Compute Projected Disposable Income

American Express Bank v. Smith (In re Smith), ---- B.R. ----, 2009 WL -------- (9th Cir. BAP Oct, 2009) Issue: When computing the chapter 13 plan payment, can an above-median chapter 13 debtor deduct payments to secured creditors for property...

Too-Big-To-Fail Resolution: Why One Size Can't Fit All

The debate over what to do about too-big-to-fail is heating up (see here (FRB) and here (BoE) and here (Simon Johnson for a summation and commentary). A lot of the moves in the debate are well-rehearsed: the moral hazard issues...

Aiieeee!! Phantom Expenses Haunt Means Testing

Bankruptcy Judge Jury of the Central District has joined the majority of courts across the land in holding that a chapter 7 debtor may deduct, for purposes of means testing, expenses which the debtor has sworn elsewhere in her bankruptcy papers she has no intention of paying. The case is In re Wilkins, 2007 WL 1933591 (Bankr. C.D.Cal.).