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Bankrupcy News.
Alabama County Prepares for Bankruptcy
Jefferson County, Ala., officials told their lawyers to prepare a bankruptcy filing if the county can't reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates...Read More

FHA Raises Its Premiums to Insure Repayment of Mortgages
The Federal Housing Administration (FHA), the U.S. agency rapidly shouldering more of the risk on home loans, raised the premiums it charges for insuring that mortgages will be repaid...Read More

Thornburg Mortgage Continues to Struggle
Jumbo home loan specialist Thornburg Mortgage Inc. said that its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse...Read More

FDIC Weighs Tapping Treasury as Funds Run Low
Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said yesterday that her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures...Read More

New Credit Hurdle Looms for Banks
U.S. and European banks, already burdened by losses and concerns about their financial health, face a new challenge of paying off hundreds of billions of dollars of debt coming due...Read More
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Upcoming Events.

16th Annual Southwest Bankruptcy Conference
September 4-6, 2008
Las Vegas, Nevada

Complex Financial Restructuring Program
September 4-5, 2008
Las Vegas, Nevada

Bankruptcy 2008: Views from the Bench
September 12, 2008
Washington, D.C.

28th Annual Midwestern Bankruptcy Institute & Consumer Forum
Kansas City, Missouri
October 3, 2008

Chicago Consumer Bankruptcy Conference
Chicago, Illinois
October 13, 2008

International Insolvency Symposium
Frankfurt, Germany
October 31, 2008

Detroit Consumer Bankruptcy Conference
Troy, Michigan
November 11, 2008

Winter Leadership Conference
Tucson, Arizona
December 4-6, 2008

Upcoming Events.

110th Congress

S. 3287, To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions.
 
S. 3259, To amend title 11, United States Code, with respect to the priority of certain high cost credit debts.
 
P.L. 110-262, To designate the United States bankruptcy courthouse located at 271 Cadman Plaza East in Brooklyn, New -ork, as the `Conrad B. Duberstein United States Bankruptcy Courthouse'
 
H.R. 3010, To amend chapter 1 of title 9 of United States Code with respect to arbitration.
 
H.R. 4044, To amend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to exempt from the means test in bankruptcy cases, for a limited period, qualifying reserve-component members who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 60 days.
 
H.R. 5830, To create a voluntary FHA program that provides mortgage refinancing assistance to allow families to stay in their homes, protect neighborhoods, and help stabilize the housing market.
 
H.R. 5679, To amend the Real Estate Settlement Procedures Act of 1974 to require mortgagees for mortgages in default to engage in reasonable loss mitigation activities.
 
H.R. 3221, A bill to provide needed housing reform and for other purposes. (Senate housing stimulus package).
 



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