February 8, 2012

9th Circuit: Debtor Showed Bad Faith By Omitting Asset From Schedules

SAN FRANCISCO - A panel of the Ninth Circuit U.S Court of Appeals on Nov. 24 affirmed a district court ruling, which held that a debtor's legal malpractice claim against a law firm that sued him for bad faith failed because he didn't list a business interest in his bankruptcy schedules (Holland & Knight v. Alan DeAtley, No. 08-35814, Chapter 7, 9th Cir.; 2009 U.S. App. LEXIS 25755). Full story on lexis.com

Medical Bankruptcy

More than $500K in Debt, Bookstore Chooses Bankruptcy

An Atlanta-area bookstore surprised its fans last week when it filed for Chapter 7 bankruptcy protection to deal with its $508,673 in debts. At … [Read More...]

Sandwich Chain Quiznos Avoids Bankruptcy

News outlets have reported in recent weeks how the recession hit Denver-based sandwich chain Quiznos. In fact, until recently, many sources … [Read More...]