Posted on by Bob Bernstein
The Bankruptcy Code mandates that secured creditors be paid the full value of the collateral securing their claim. Only after secured creditors are paid IN FULL is unsecured creditors to be paid anything. …
Posted on by Bob Bernstein
“They stole from me!” “I am not taking a penny less than the full amount owed!” “I want to nail that son of a b#@^$!” Often creditors engage an attorney …
Posted on by Bob Bernstein
In 2005, a record number of debtors filed bankruptcy prior to the effective date of the amendments to avoid the amendments to the bankruptcy code that made it more difficult for debtors …
Posted on by Bob Bernstein
by Robert S. Bernstein, Esq. Since the late 1970s, the public really started to learn about Chapter 11 and how it works in “big companies.” Through the 80s and 90s …
Posted on by Bob Bernstein
Maybe it’s a local issue, but it bothers me. It is illegal in many place (including the City of Pittsburgh) to put signs, even campaign signs, on public property. Yet …
Posted on by Bob Bernstein
Now that I have my inbox somewhat under control, I would like to write about my recent experience attending the Commercial Law League of America’s (“CLLA”) 79th Chicago meeting. While …
Posted on by Bob Bernstein
Who’s responsible for this mess? The facts of a recent bankruptcy case perfectly illustrate one aspect of the recent economic collapse – loan defaults. In the case, a 51 year old, disabled …
Posted on by Bob Bernstein
If this week’s events are any indication, it may no longer be a question as to whether General Motors Corp. and Chrysler, LLC. will file bankruptcy, but rather when …
Posted on by Bob Bernstein
Count me amongst the people that were shocked by the AIG bonuses that came to light earlier this week. Having practiced in corporate bankruptcy for the past several years, it never …
Posted on by Bob Bernstein
The logic behind Pennsylvania’s arcane wage attachment law escapes me. I cannot figure out why the Commonwealth wants to protect debtors at the expense of legitimate creditors. What are …
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