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Bankrupcy News.
Total U.S. Bankruptcies in First Half of 2008 Up 29 Percent from a Year Ago
The total number of U.S. bankruptcies filed during the first six months of 2008 increased 29.2 percent over the same period in 2007...Read More

Judge Tosses Appraisal Suit against IndyMac, FDIC
U.S. District Court Judge John G. Koeltl on Tuesday dismissed a lawsuit against bankrupt IndyMac Bancorp Inc. and the Federal Deposit Insurance Corp., claiming that IndyMac Bank hired appraisers that intentionally inflated home values so the bank could charge higher interest rates on home equity loans...Read More

Commentary: A Wake-Up Call on Home Equity Loans
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan, according to a commentary in today's Washington Post...Read More

SEC Moves to Pull Plug on U.S. Accounting Standards
The Securities and Exchange Commission signaled the demise of U.S. accounting standards, kicking off a process yesterday that could ultimately require all publicly listed American companies to follow an international model instead...Read More

Mervyn's Wins Approval of DIP Financing
Bankruptcy Judge Kevin Gross on Tuesday approved a $465 million debtor-in-possession financing package for department store chain Mervyn's LLC...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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