Articles in Channel: Bankruptcy

Mortgage Rescission And Bankruptcy

Nicholas Gebelt
March 22, 2012 13:47

I.          What Is Mortgage Rescission? Rescission is a way for a borrower to get out of a mortgage that was fraudulently or deceptively originated.  For example, if the lender misrepresented the terms of the mortgage by failing to disclose a balloon payment, or the nature of the adjustable rate,...

Gene Patents and Myriad in Light of Prometheus - The Big View, and Comments from Biotech Patent Lawyers on Prometheus, and Myriad

Kirk Hartley
March 22, 2012 13:14

Biotech patent bloggers are starting to weigh in on the Prometheus decision rejecting a claim to a patent for providing medical advice. The Genomics Law Report includes thoughtful commentary  and concludes - I'd say - that Myriad's patent claims are dead in terms of any ability to exclude...

More Things You Cannot Do On a Plane

Kirk Hartley
March 22, 2012 11:36

The humor just rolls on in the law -  it's now taken us up to the 15th installment  of "Things You Cannot Do on a Plane ! Prior here.  

Bahraini Investment Bank, Arcapita Bank BSC, Files for Bankruptcy in the Southern District of New York

Jason Cornell
March 22, 2012 00:42

Introduction On Monday, Arcapita Bank BSC ("Arcapita"), a Bahraini closed joint stock company, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern District of New York.  As stated in the First Day Declaration of Arcapita's Executive...

Surplus income limits for 2012 just released

March 22, 2012 00:42

Surplus income limits for 2012 just released. We explain what it means to anyone considering filing bankruptcy.The Office of the Superintendent of Bankruptcy just released the 2012 surplus income limits for everyone who files bankruptcy in Canada.  The amount you are required to pay if you are...

FastShip, Inc. and Two Affiliates File Chapter 11

March 21, 2012 16:00

On March 20, 2012, FastShip, Inc. and two affiliates, FastShip Atlantic, Inc. and Thornycroft, Giles & Co., Inc. (collectively, the "Debtors"), filed for Chapter 11 protection in the U.S. Bankruptcy Court of the District of Delaware.   According to the...

Wonderful - U.S. Supreme Court Unanimously Blows Out Medical Patent Claim

Kirk Hartley
March 21, 2012 12:29

Thanks to a unanimous ruling by the U.S. Supreme Court, yesterday was a good day for persons opposed to gene patents. Specifically, many are opposed to gene patents because it's obvious patent thickets will slow disease research as financiers and patent trolls seek to use patent claims and...

Filing Bankruptcy And Getting Your Free House

March 21, 2012 12:00

I’ve been meaning to tell you something for awhile now. It’s going to be a bitter pill to swallow, but it’s better that you know now rather than later. Someone’s be spreading around this rumor, and it’s annoying as all get-out. Rather than buying a billboard in Times...

Aiding and Abetting Suits Continue to Increase Against Lawyers

Kirk Hartley
March 21, 2012 11:51

 Securities claims continue to intensify against lawyers for their roles.  LAW 360 recently posted stories on  a suit proceeding against Proskauer in connection with Mr.  Stanford's scams.  "[A] fourth suit revived by the ruling alleges Proskauer attorney Thomas...

Tort Reform Spin Wars - a New One from the American Tort Reform Association

Kirk Hartley
March 21, 2012 11:38

Here's a new YouTube vide and article with spin from the American Tort Reform Association. As is typical for spin, it's full of sound bites but lacks citations and links to supposedly supporting evidence. Spin doctors usually do not like being limited to the facts.  Note further that...