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Bankrupcy News.
Movie Gallery Emerges from Bankruptcy Protection
Movie Gallery Inc. said yesterday that it had concluded its chapter 11 restructuring and successfully emerged from bankruptcy protectionRead More

Commentary: The Risks of Rescuing Borrowers
Some industry experts warn that the government's housing plan to help distressed homeowners refinance costly loans is riskier than disclosed and that if home prices continue to decline for years, taxpayers could be on the hook for billions, according to a New York Times commentary todayRead More

Automakers Balk at Federal-Mogul Injunction Bid
A group of claimants led by DaimlerChrysler Corp., Volkswagen of America Inc. and Ford Motor Co. is seeking to stop the asbestos personal injury trust created by Federal-Mogul Corp.'s reorganization planRead More

Plastech Seeks Bankruptcy Court Approval for Sale
Bankrupt auto parts supplier Plastech Engineered Products Inc. is seeking court approval to sell its businesses and said that it is in talks to sell its interiors unit to Johnson Controls IncRead More

Government Extends Its Power in Student Lending
With scores of lenders unable to come up with money to provide student loans, the Department of Education is preparing to exercise broad new powers in the coming weeks that could fundamentally recast how millions of students pay for collegeRead More
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Upcoming Events.

15th Annual Central States Bankruptcy Workshop
June 12-15, 2008
Traverse City, Michigan

15th Annual Northeast Bankruptcy Workshop & Consumer Forum
July 10-13, 2008
Brewster, MA

13th Annual Southeast Bankruptcy Workshop
July 16-19, 2008
Amelia Island, Florida

4th Annual Mid-Atlantic Bankruptcy Workshop
July 31-August 2, 2008
Cambridge, Maryland

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

Upcoming Events.

110th Congress

P.L. 110-142. Mortgage Forgiveness Debt Relief Act of 2007.
 
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).
 
S. 2753, To protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers.
 
H.R. 5579, To remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, and for other purposes.
 
H.R. 5138, To amend title 11 of the United States Code to provide protection for medical debt homeowners, to restore bankruptcy protections for individuals experiencing economic distress as caregivers to ill or disabled family members, and to exempt from means testing debtors whose financial problems were caused by serious medical problems.
 
 



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