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Archive for July, 2013

Detroit’s Landmark Municipal Bankruptcy Raises Questions Nationwide

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

A vacant blighted home is seen next to a well-kept occupied home on West Grand Boulevard in Detroit, Michigan July 23, 2013. REUTERS/ Rebecca Cook

What Does Detroit’s Bankruptcy Filing Mean for City Workers and Residents?

My team and I have been keeping a close eye on the ongoing bankruptcy drama unfolding in Detroit. I previously wrote a post about the city appointing a bankruptcy lawyer, Kevyn Orr,  and recent events have had clients wondering how a city’s bankruptcy filing could affect its greatest asset: its residents.

When it comes to municipal bankruptcy, our office are asked to answer questions about how it can impact communities and public workers. On Wednesday, a federal judge permitted the city of Detroit’s bankruptcy case to go forward after it was challenged by union and pension fund lawyers –  so the challenges facing the city have been front and center on the headlines and people’s minds.

It’s time to Overhaul of Student Loan Debt and Bankruptcy

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

discharge student loan debt in bankruptcy

Why is it so Hard to discharge Student Loan Debt in Bankruptcy?

There has been much debate over the issue of student loans in America in the past few months, and lawmakers and legal professionals are weighing in on the issue. The National Association of Consumer Bankruptcy Attorneys (NACBA) has several strong articles that support making student loans dischargeable in a bankruptcy. I am in agreement with NACBA –   student loans should be dischargeable in order to provide much needed relief for recent graduates, their families, and their communities. 

Jefferson County Alabama Finally Reaches Bankruptcy Deal

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Jefferson County Alabama Finally Reaches Bankruptcy Deal

In a historic bankruptcy case, Alabama’s financially distressed Jefferson County says it has finally reached an agreement to refinance the majority of its debt.

The county will save hundreds of millions by refinancing and set it up to break free from bankruptcy in months to come.  Before the county can rid itself of bankruptcy, it must overcome several obstacles and be looked over by a federal bankruptcy judge.  This is scheduled to commence this Wednesday.

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The Law Offices of Bankruptcy Attorney Bruce Feinstein, Esq. handles cases from all over New York including: Queens, Manhattan, Brooklyn, Bronx, Nassau County and Suffolk County Long Island

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