Bankruptcy is most certainly a 24-hour sport – just ask the bidders vying for the assets of Penn Traffic Co.

The day before a Friday hearing on proposed auction rules, the supermarket chain was set to move forward with two lead bids from Price Chopper and Hilco Merchant Resources LLC. Penn Traffic wanted Price Chopper to kick off bidding for 22 stores with a $54 million bid, and Hilco was guaranteeing Penn Traffic $19.75 million in exchange for operating going-out-of business sales at the remaining locations.

This year we have learned a lot about the mortgage industry. We have learned about mortgage securitization trusts who couldn't find the note. There have been more cases about debtors emerging from chapter 13 only to be hit with years of undisclosed fees and charges. Earlier this year, I wrote about the problems faced by a firm who claimed that their legal technology system would not let them speak directly to their client. However, one of the big trends this year was courts asking "Who is MERS and why are they filing motions for relief from the automatic stay?"

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.

I have been representing debtors in bankruptcy cases filed in the Northern District of Georgia for over 20 years.

As a bankruptcy attorney, perhaps the number one problem I see clients facing is credit card debt. The combination of large balances, high interest rates and exotic late fees has pushed many families to the brink of bankruptcy.

Six Flags Inc. gained bankruptcy-court approval last week to hand a theme park ravaged by Hurricane Katrina over to the City of New Orleans.

This is a paper which I presented to the ABI Winter Leadership Conference on December 4, 2009. I wrote this before the oral argument in Espinosa which is discussed in today's other post.I. Introduction

Serious question with no easy answer. As a practicing bankruptcy attorney, I meet with clients all the time who have liquidated a 401(k) to stave off bankruptcy, only to file a few months later.

Want proof of change at the reorganized General Motors? Take a look at its employees’ pants.

This just in from our Washington, DC, bureau: the Supreme Court has granted certiorari in Hamilton v. Lanning, No. 08-3009 (10th Cir. Nov. 13, 2008), where the Tenth Circuit adopted the "forward-looking test" for how much a chapter 13 debtor...