Blog sponsored by Bankrupt-Law.com


John Caher
New York Law Journal
September 20, 2006
A Northern District of New York bankruptcy judge has refused to bail out
Congress for an apparent drafting glitch in the new bankruptcy law that
frequently results in creditors getting less under the "reform" measure than
they got under the old version -- even though the clear intent of lawmakers
and the president was to aid creditors.
Chief Bankruptcy Judge Stephen D. Gerling in In re Rotunda, ...   more »

Blog sponsored by Bankrupt-Law.com


DAYTON, Ohio, Sep 19, 2006 (BUSINESS WIRE) -- Nearly one year has passed
since enactment of the Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005 (Oct. 17, 2005). LexisNexis(R) CourtLink(R)
compiled data shows 2006 Chapter 7 bankruptcy filings (Jan. 1 - Sept.
15) are 71 percent lower than 2004 Chapter 7 filings for the same time
period.
Year-to-date Chapter 7 figures in 2006 show 237,578 filings compared
with 2004 Chapter 7 filings of 830,014 compiled ...   more »