Bankruptcy Law News

Recent News about Bankruptcy Law

• Lawsuit against Nevada casino gets the ear of the state Supreme Court -- A Hong Kong businessman is looking for compensation tied to an overseas deal gained by the Las Vegas Sands.
• Nevada has highest per-capita bankruptcy rate -- The U.S. also saw an increase in filings during the 12 months ending on June 30 of this year.
• U.S. bankruptcy rulings may be applicable in cases in that affect residents in the UK -- The Court of Appeal recently ruled in the case of a trust created by Eurofinance that British courts could recognize overseas insolvency proceedings made by courts in the United States. After the collapse of Lehman Brothers and the Bernard Madoff scheme, financial analysts say that U.S. bankruptcy court rulings growing in sync with rulings in the UK may become a reality.
• Nevada law to help avoid foreclosure getting criticism -- Consumers say lenders aren't trying to negotiate home loans.
• California firm adds attorney with bankruptcy experience -- Claire Shin brings debt and foreign litigation background to Los Angeles law firm.
• Former NBA player facing Nevada charges for debt -- Antoine Walker's gambling debts have led to felony charges in the Silver State.
• Bill aims to help avoid foreclosure in California -- A measure being considered by state legislators would help consumers avoid foreclosure while they seek a loan modification.
• Cox: California bankruptcy bill needs more review -- A bill affecting California cities that file bankruptcy was recently amended.