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Bankrupcy News.
United States Weighs Backing Bank Debt
The United States is weighing two dramatic steps to repair ailing financial markets: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank depositsRead More

Lawmakers Weigh Plan for Stimulus
Expanding on efforts to help repair the nation's economy, members of Congress are considering a large fiscal stimulus proposal that would send a significant amount of money to states and citiesRead More

Economists Expect Crisis to Deepen
The U.S. economy has sunk into a recession and government action is critical to stem the damage, according to economists in the latest Wall Street Journal forecasting survey released todayRead More

Weil Received $5 Million Advance for Work with Lehman Brothers
Weil, Gotshal & Manges received a $5 million advance in September from Lehman Brothers Holdings Inc. for work leading up to the bank's bankruptcy filing, according to court documents made public WednesdayRead More

SBA Says Loan Demand Is Declining as Economy Slows
The Small Business Administration said that small-business loan demand has declined this year as the slowing economy and tighter credit restrictions have spooked start-up ventures and existing businessesRead More
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Upcoming Events.

Chicago Consumer Bankruptcy Conference
Chicago, Illinois
October 13, 2008

International Insolvency Symposium
Frankfurt, Germany
October 31, 2008

Delaware Views from the Bench and Bar
Wilmington, Delaware
November 3, 2008

Detroit Consumer Bankruptcy Conference
Troy, Michigan
November 11, 2008

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

Rocky Mountain Bankruptcy Conference
Denver, Colorado
January 22-23, 2009

Upcoming Events.

110th Congress

H.R. 5244, the "Credit Cardholders' Bill of Rights Act of 2008."
 
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.
 



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