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The Bankruptcy Strategist
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Articles from Related Newsletters
HUD Proposes Changes to Home Mortgage Process
New York Real Estate Law Reporter
On March 14, 2008, the U.S. Department of Housing and Urban Development (HUD) published its 'Proposed Rule to Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs' (Docket No. FR-5180-P-01, 73 Fed. Reg. 14030). If this Rule takes effect, it would drastically change the way residential mortgage transactions are conducted.

DIY-ing to e-Plan
e-Commerce Law & Strategy
No one wants to trust the future welfare of one’s family and affairs to a device that makes the phrase “computer problem” a redundancy. And why would people who need to spend thousands of dollars on estate planning even think about trusting an online service just to save a few dollars — even if only to pass on post-mortem thoughts from the grave?

Law Firm Management Is Cash Management
Accounting and Financial Planning for Law Firms
a tightening economy, it is more crucial than ever that you remain diligent about protecting assets. The identification, implementation and testing of internal controls over cash receipts and disbursements is a critical step, because even small dollar amounts taken over months or years can add up and entangle your firm in a costly situation.

Reentering the Workforce After Divorce
New York Family Law Monthly
For matrimonial clients, making their way through the emotional, logistical, financial and practical obstacles in divorce is obviously challenging. One of the most empowering and intimidating of these challenges for some spouses is beginning new employment, especially after years of absence from the job market.

Top Stories
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Headlines
The Financial State of the Automotive Industry
Despite all the recent media attention focused on bankruptcy concerns among the domestic three automakers, we do not anticipate any domestic OEM filing for bankruptcy protection. However, we anticipate increased bankruptcy activity within the supplier base in the latter part of 2008 and into 2009.

How to Avoid Insider Preference Liability
The Tenth Circuit held on July 15, 2008, that a major creditor with a seat on the debtor's board of directors and a 10.6% equity interest was not an insider in a bankruptcy preference suit. As shown in this article, the decision contains a road map for corporate insiders on how to avoid preference liability.

A Liquidating Trustee’s Principal Tools for Resolving Tax Issues in Bankruptcies
As part of making distributions to allowed claimants of a bankrupt entity, a liquidating trustee must decide the best way to handle potential outstanding tax liabilities. This article discusses the benefits of Section 505.

On the Move
Who's going where; who's doing what.

October Issue in PDF Format