Ethics

New York’s ‘Loss Mitigation’ Program Survives One Lender Attack

SDNY’s ‘loss mitigation’ program for mortgage modification may face another attack.

11th Circuit Upholds $30,000 in Punitive Damages for Stay Violation

Employing nonattorneys is a false economy for debt collectors.
Court: 

Elected Chapter 7 Trustee Must Be Disinterested, Long Island Judge Holds

Judge imposes disinterestedness requirement not included in the statute.

SEC Can Freeze Assets Without Violating the Automatic Stay, Circuit Holds

Bankruptcy failed to insulate the Wyly brothers from an SEC asset freeze.
Court: 

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