A filing fee needs to be paid to the Clerk of the Bankruptcy Court when a bankruptcy case is filed. The Judicial Conference of the United States Court announced that effective June 1, 2014, the filing fees for filing a bankruptcy will go up slightly. The new filing fee for a chapter 13 case rise from $281.00 to $310.00 and the filing fee for a chapter 7 case will rise from $306.00 to $335.00. 

    (305) 891-4055 - Jordan E. Bublick is a Miami Bankruptcy Lawyer with over 25 years of experience in filing Chapter 13 and Chapter 7 Bankrkuptcy Cases.

    (posted 4 days 13 hours ago)

    U.S. banks today are safer, sounder, more secure, transparent, accountable and are performing their critical roles in the global economy.

    (posted 4 days 13 hours ago)

    Defunct bitcoin exchange Mt. Gox has given up its plan to rebuild under bankruptcy protection and said it has agreed with a Tokyo court on the first step toward liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal.
    (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
    The city of Detroit got closer to ending its municipal bankruptcy case, WSJ reports.
    Five former Bernard Madoff staffers want guilty verdicts against them thrown out of a new trial, the New York Post reports.
    The banks being sued by Lehman Brothers Holdings Inc. in a long-simmering derivatives fight say Lehman is seeking an “undue advantage” in the litigation by prohibiting the banks from seeking a dismissal without first receiving class-action status. Read the DBR article in WSJ.

    WSJ.com: Bankruptcy Beat
    (posted 4 days 14 hours ago)

    Breaking News This Morning ... B of A Earnings, Etc.: Bank of America reported a $276 million loss compared with a $1.48 billion profit a year earlier, largely due to legal expenses. (In case you may have missed it, Bank of America has been on a bit of settlement tear of late. And, the Journal notes this morning that the bank has settled mortgage-backed securities claims with the monoline insurer Financial Guaranty Insurance Co., which isÂ...

    (posted 4 days 14 hours ago)

    By Peter J. Ashcroft, Esq. I was recently involved in […]The post The Tax Sale Redemption Period Cannot be Extended in Bankruptcy appeared first on Bernstein-Burkley, P.C..

    Bernstein-Burkley, P.C.
    (posted 4 days 15 hours ago)

    I had the pleasure of participating in this weekend's very successful Research Symposium on Student Loans organized by Kathleen Engel of Suffolk Law School and Deanne Loonin of the National Consumer Law Center (NCLC) (NCLC, by the way, is looking to hire three attorneys!). In this post I want to mention some of the highlights.

    Credit Slips
    (posted 5 days 7 hours ago)

    Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 15th, 2014 Apollo’s Momentive Performance Files for Bankruptcy Brass Instrument Maker S.E. Shires Files for Bankruptcy Mt. Gox founder won’t appear in U.S. for questions about bankruptcy case

    (posted 5 days 9 hours ago)

    Coldwater_CreekWomen’s clothing retailer Coldwater Creek has filed for bankruptcy.  The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy.  At one point, the company had revenue peaking at […]

    (posted 5 days 9 hours ago)

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    The post Protected: A conversation today with Adolph Hitler about Ukraine and Putin appeared first on .

    Los Angeles Bankruptcy Blog
    (posted 5 days 10 hours ago)

    CNBC reports that the City of Detroit has reached agreement with its retired police and firefighters on revised pension terms.  The City apparently went in, asking for 6% cuts in annual payouts and an end to cost-of-living increases.   The retirees apparently went in, asking for no concessions.  With the assistance of mediators, they seem to have settled at: no cuts, but "reduced" cost of living increases, and "As part of the deal, Detroit has reportedly agreed to increase the projected return on its pension funds to 6.75 percent, up from 6.25 percent and 6.5 percent, according to USAToday." 

    Now that is definitely not a solution anyone has ever thought of before in relation to pension shortfalls -- assume investment performance will compensate for the gap between what the employer pays in and what the retirees are promised to receive.  This is really an approach that everyone should be able take to a difficult financial situation.  For example, why didn't GM or Chrysler think of it? 

    Banker: "I am worried that your cash flow is not going to be enough to enable us to meet our obligations to creditors on time."
    CEO: " Yeah, I can see how our forecasts might lead you to think that. Let's fix that by just assuming we sell more cars at higher prices."
    Banker: "Oh, wow! I never thought of that. I can see why you deserve to be CEO."

    And then the banker can employ this solution with regulators, too. 

    Necessary and Proper
    (posted 5 days 10 hours ago)