OK, so that headline is a result of watching too many “news” programs last night …brother, can those folks talk (and I thought lawyers were bad about going on and on…). There is an interesting local story arising out of this election which is indeed being overwhelmed by the major stories. That [...]

The Justice Department announced that 78 people have been charged with bankruptcy fraud. Many of the charges stem from investors (some of who are bankruptcy attorneys) searching out desperate homeowners facing foreclosure and wanting to keep there homestead.

“A dozen of the arrests came in the Chicago area, where federal prosecutor David Glockner [...]

The United States Court of Appeals for the Tenth Circuit ruled last week that once a business ceases to exist as a legal entity, it may not file for bankruptcy as part of its “winding up” process. On November 14, 2006, Midpoint Development, LLC filed articles of dissolution with the Oklahoma Secretary of State. [...]

The Supreme Court is hearing Robert Louis Marrama v. Citizens Bank of Massachusetts, et al. No. 05-0996 today. The issue presented to the Supreme Court is whether a bankruptcy court can deny the right of a debtor to convert a Chapter 7 bankruptcy case to another chapter notwithstanding the plain language of the statute [...]

The New York Racing Association (”NYRA”) filed for Chapter 11 bankruptcy protection on Thursday, November 3. The NYRA is a private entity which has held the state horse racing franchise since 1955.

NYRA’s franchise is scheduled to expire on December 31, 2007. Earlier, the state legislature and Gov. George Pataki authorized a $30 million [...]

Back by popular demand, here are some recent statistics on your usage of the blog and the firm’s web site. I always like to note that this information is not totally accurate as it will likely contain “visits” from some spam machine in the sky, searching for live e-mail addresses. But, we can [...]

Here are two books which are just great. One is non-fiction but reads like a novel and the other is a novel which could easily be non-fiction.

Conspiracy of Fools: A True Story
by Kurt Eichenwald

http://www.amazon.com/Conspiracy-Fools-Story-Kurt-Eichenwald/dp/0767911784/sr=1-2/qid=1162498176/ref=pd_bbs_2/102-3413745-5658540?ie=UTF8&s=books

A Man in Full
by Tom Wolfe

http://www.amazon.com/Man-Full-Tom-Wolfe/dp/0553381334/sr=1-8/qid=1162498449/ref=sr_1_8/102-3413745-5658540?ie=UTF8&s=books

Mike

Melvin VanAllen, mayor of Justice, Illinois, a Chicago suburb, was found guilty of bankruptcy fraud on Friday, October 27. VanAllen claims that he is innocent of the charges and an appeal is possible.

The jury found VanAllen guilty of 28 counts of bankruptcy fraud and illegally structuring cash transactions after 7 hours of deliberation. [...]