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Bank settles with DOJ for $81.6 million for failing to timely file payment change notices for homeowners in bankruptcy
  • BuckleySandler LLP
  • USA
  • November 6 2015

On November 5, the DOJ announced a proposed settlement with a bank for allegedly violating bankruptcy rules by not providing homeowners with required

Florida bankruptcy court holds debtor who ‘surrenders’ property in BK cannot impede foreclosure
  • Maurice Wutscher LLP
  • USA
  • October 19 2015

The U.S. Bankruptcy Court for the Middle District of Florida recently held that, at a minimum, “surrender” under Bankruptcy Code 521 and 1325

Doing business in Portugal - a legal and tax perspective
  • Cuatrecasas Gonçalves Pereira
  • Portugal
  • October 9 2015

Portugal is attractive for foreign investment, not only because of its domestic market but also because of its privileged geo-strategic position

High Court rules receivers not validly appointed
  • William Fry
  • Ireland
  • September 10 2015

The High Court recently determined the extent to which a secured creditor must comply strictly with the formalities set out in a security instrument

Settlement proceeds: when does cash become quasi real estate?
  • Pepper Hamilton LLP
  • USA
  • September 2 2015

A chapter 7 trustee sought a court determination that the trustee had a superior claim to settlement proceeds arising from damage to real property

Borrower’s opinion of value deprives lender of summary judgment in deficiency action in North Carolina
  • Hutchens Law Firm
  • USA
  • August 31 2015

Following a foreclosure sale the general rule is that the amount of the debt is reduced by the net proceeds realized from the sale, setting the

Polish legislation newsletter July 2015
  • Clifford Chance LLP
  • Poland
  • August 13 2015

This legislation newsletter summarises selected changes to Polish law. It is not comprehensive and does not present all the changes to Polish law that

Credit bidding: not an absolute right (and what does that mean?)
  • Pepper Hamilton LLP
  • USA
  • July 29 2015

A mortgagee sought to modify a sale order to (1) modify the bid procedures and (2) confirm that it had a right to credit bid. The debtor obtained a

Second mortgages cannot be voided in Chapter 7 bankruptcy proceedings
  • Jimerson & Cobb P.A.
  • USA
  • July 8 2015

In a post-housing crisis economy, many homeowners, facing a plummet in home values, found themselves trapped in homes that are worth less than the

Le tribunal étudie les critères d’application de l’article 96 LFI dans le cadre d’une opération prétendument sous-évaluée.
  • Miller Thomson LLP
  • Canada
  • July 3 2015

Dans cette affaire, le syndic demande au tribunal de déclarer sous-évaluée au sens de l’article 96 L.F.I. Le transfert par le failli Ortner d’un