Bank of America Corp., an agent for secured creditors in the Refco bankruptcy, has asked the Bankruptcy Court to establish a committee to rein in Refco’s rising costs. Bank of America said the company is spending the equivalent of $150 million a year, based on the approximately $42 million in fees and expenses that [...]

Judge Barbara Houser of the U.S. Bankruptcy Court for the Northern District of Texas recently entered an order adopting procedures for en banc consideration of such legal issues under BAPCPA.
In her Order, Judge Houser states “The enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act (”BAPCPA”) has effected comprehensive and complex substantive changes in [...]

Home Foreclosures rose 38% nationwide during the first quarter of 2006. This is a 72% increase from the first quarter of 2005. “Texas reported the most first-quarter foreclosures of any state, 40,236, and Florida reported the second most with 29,636. California was a close third with 29,537 properties, entering some stage of [...]

On Thursday, April 20, 2006, Mike McBride had the opportunity to speak to the Texas Chapter of the Risk Management Association’s 53rd Spring Conference on the subject of the bankruptcy amendments. Joining him dias were his friends, Alan Trust and Andrea Roost. Andrea focused her comments on the amendments impact on consumer cases and [...]

We all know that our papers, especially those send electronically (via attached files) may be mined for information, but as this process becomes more common, litigates in particular and every other lawyer in general, are tying to determine how this impacts their case. The miner can gather information about the authors (who drafted which [...]

Earlier this week, two government watchdog groups suggested that New Orleans and the Orleans Parish School Board should consider bankruptcy in their recovery from the economic impact of Hurricane Katrina.
In a joint report, the Public Affairs Research Council of Louisiana and the Bureau of Governmental Research say that the city is a month away from [...]

Delta Airlines, the nation’s third largest airlines is asking its employees to volunteer to clean aircraft at night on their own time. Delta is willing to compensate the volunteers for their time. They offer a free T-shirt, reward points good for merchandise and a chance to show pride in the airline.
Employees are “booing” [...]

In an effort to lessen the possibility of a shut down or other major catastrophe due to a supplier’s chapter 11 case, Ford has asked Congress to amend the bankruptcy code (again). Here is a quote from an article out of Los Angeles Times:
U.S. auto makers should be granted a special provision under bankruptcy [...]

Message sent on behalf of the dean:
To the faculty, staff, and students of the UH Law Center:
Given the events of the past week or so, I wanted to confirm that I have resigned as dean, effective May 31. I’ll cherish many of the relationships that I have forged over the past six years as your [...]

In a recent opinion, Spirtos v. One San Bernadino County Sup. Ct. Case Numbered SPR 02211, 2006 US App. Lexis 8968 (9th Cir. 2006), the Court of Appeals for the 9th Circuit (the “Court”) was faced with the issue of whether a creditor of a bankruptcy estate has standing to bring a claim on behalf [...]