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Bankrupcy News.
Countrywide to Set Aside $8.4 Billion in Loan Aid
As part of a settlement with officials in 11 states, Countrywide Financial has agreed to the largest program ever to modify home loansRead More

Analysis: Private Talks of Raising Capital Belied Lehman's Public Optimism of Survival
In the weeks before it collapsed, Lehman Brothers Holdings Inc. went to great lengths to conceal how fast it was headed toward the financial collapseRead More

Court Clears Washington Mutual's First-day Motions, Questions Loom over $5 Billion Deposit
As Washington Mutual Inc.'s bankruptcy case got underway on Friday, a federal judge approved a couple of first-day motions, but the debtors' concerns over the $5 billion it deposited persistRead More

California Looks to Weather Credit Crunch
California Gov. Arnold Schwarzenegger (R) sent U.S. Treasury Secretary Henry Paulson a letter Thursday warning that California might have to seek $7 billion in emergency federal loans until liquidity is restored in credit marketsRead More

Paulson Adviser to Oversee Financial Rescue
The Treasury Department plans to tap Neel Kashkari, an assistant secretary of international affairs and a former Goldman Sachs banker, to oversee the government's $700 billion financial rescue programRead 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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