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Seventh Annual Earle Hagen Memorial Golf Tournament

By | May 10, 2015 | Community, Current Events, Programs | No comments

From the always entertaining Jeff Hagen:

Seventh Annual (2015) Earle Hagen Memorial Golf, Tennis And Poker Tournament

Happy Mothers’ Day to all of you mothers out there!  And to those of you who have always wanted to be a mother, are toying with the idea of becoming a mother, expect to be a mother, are an expectant mother, or even if you’ve just been called a mother (or something similar)!

The SEVENTH Annual Earle Hagen Memorial Golf, Tennis And Poker Tournament is coming on Monday September 21, 2015…at the Porter Valley Country Club in Northridge.  It’s only four plus months away!

What better way to celebrate Mothers’ Day than to buy your favorite mother a ticket to the Seventh Annual Earle Hagen Memorial Golf, Tennis And Poker Tournament?

Is it too early to sign up?  Absolutely NOT!  Sign up now and forget about it.  Well…maybe I should rephrase that…I’m not suggesting that you should forget to show up!  I mean, sign up, and not have to think about the paperwork again.

Can you just show up unannounced?  Of course!  Everyone who brings enough money is welcome!  So what if we run out of food because you didn’t register in advance?  You’re supporting a worthy cause!

As most if not all of you know by now, the bankruptcy community lost James T. King–Rabbi Jimmy as I so fondly referred to him–to cancer on 02/09/2015.  This year’s Tournament will include a special tribute to Jim.  Let’s honor and salute Rabbi Jimmy’s dedication to raising funds for Public Counsel in general, and his inspirational leadership of this Tournament through its first six years in particular, by making this the best attended, most successful Tournament yet!

You don’t play golf, tennis or poker?  Not a problem!  Come at a reduced price and have a ton ‘o fun at the dinner, silent auction, and hosted (open/free/gratis) bar.  Or just contribute to a very worthy cause!  And please keep in mind that the Tournament is designed to be fun for those that have never played before.  Come on out and hack away (don’t worry, we have plenty of insurance…I think…)!

Why attend, you ask?

Read more…

NY Bankruptcy Judge Finds Ex-Wall Street Trader Hid Millions from Bankruptcy Court

By | January 22, 2015 | Current Events | No comments

Original article by Sara Randazzo at the Wall Street Journal. 

A once-prominent Wall Street trader imprisoned in 2005 for embezzling $43 million from Merrill Lynch & Co. recently met the ire of a bankruptcy judge, who refused to let him get rid of his debts through bankruptcy because of repeated lies to the court.

The accumulation of deceits and excuses from Daniel Gordon “helped destroy his credibility and, quite frankly, insulted the intelligence of the court,” Judge Robert Gerber in U.S. Bankruptcy Court in Manhattan wrote in a Jan. 13 ruling. The court’s order, which follows a two-day trial held in May 2013, denied Mr. Gordon the ability to use the bankruptcy process to discharge tens of millions of dollars in debt.

Mr. Gordon filed for Chapter 7 protection in October 2009 after the Internal Revenue Service came after him to pay taxes on a portion of the stolen $43 million. By then two years out of prison, Mr. Gordon had reinvented himself as a businessman whose projects included lending money to professional athletes at steep interest rates.

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Note from Nancy Clark, President of cdcbaa

By | December 20, 2014 | Community | No comments

Central District Consumer Bankruptcy Attorneys Assn.

Dear Members:

 As the 2014 Holiday Season gets underway, it is never too soon to renew your CDCBAA membership.  We have had a wonderful 2014.  Our seminars have included the Eighth Annual Review of the Ninth Circuit, When is Conversion Kosher, Who is the US Trustee, Meet the Chapter 13 Trustee’s Attorneys,Meet the Judge’s Clerks, Ask the Chapter 7 Trustee and Litigating Contempt. Our first Annual James T. King Bankruptcy Symposium: In Re Bellingham from the Insiders was a great success.  As always, the Earle Hagen Golf, Tennis and Poker Tournament was not only a great success raising a record amount of money for Public Counsel but it was also a lot of fun.  Finally, our Annual Calvin Ashland Award Dinner was well attended by not only our members but also the judges and trustees and honored our soon to be appointed Chief Judge Sheri Bluebond.

 Desmond Hayes has been hard at work on our website and has made a new renewal page for 2015.  He has added a slide to the home page.  The new page also allows members to pay for other members.  There is a link next to the paypal button that allows members to search for other members to add to their order.https://bklawyers.org/renew

 The 2015 CDCBAA Board is already hard at work preparing for 2015.  Jonathan Hayes will kick off our seminars on January 24, 2015 with the Ninth Annual Review of the Ninth Circuit with Judge Victoria Kaufman and newly appointed Judge Martin Barash.  Roksana Moradi is hard at work putting together seminars on HOAs, Drafting Effective Settlement Agreements, and the Unscheduled Lawsuit.  Jonathan Hayes is hard at work on the second Annual James T. King Bankruptcy Symposium which will be titled “Dear Congress!”  Stella Havkin and Michael Gouveia are hard at work on our next CDCBAA Newsletter that will include valuable information.  And if that were not enough, our listserve is an invaluable opportunity to share interesting issues with fellow members.

 For all of the reasons listed above, please consider renewing your CDCBAA membership early.  For those of you looking for a wonderful holiday gift for a colleague, consider the gift of CDCBAA membership.  Finally, for those loyal members, consider introducing colleagues to the CDCBAA and encourage them sign up for what promises to be a fantastic 2015.

 Happy Holidays to you all!!!

Nancy B. Clark
Attorney at Law
Borowitz & Clark, LLP

Great Article on Bankruptcy 101 by Retired Judge Lisa Hill Fenning

By | December 19, 2014 | Books & Articles, Chapter 11 | No comments

This article, written for the Association of Corporate Counsel, is directed at “investors.”  You can access it here.

Time to Calendar Seventh Annual Earle Hagen Golf Tournament

By | December 15, 2014 | Community, Current Events | No comments

An email from Jeff Hagen:

To Everyone:

The Earle Hagen Memorial Golf Tennis And Poker Tournament Committee wishes you and yours the most joyful, safe, healthy and prosperous of HOLIDAYS and NEW YEAR.  May your 2015 exceed all of your expectations.

That’s it…thanks…and…oh!…I almost forgot…the SEVENTH Annual Earle Hagen Memorial Golf, Tennis And Poker Tournament is coming on Monday September 21, 2015…at the Porter Valley Country Club in Northridge.

Note that we changed the date–not so much because we really wanted to have it on the same day as the autumnal equinox, although that was a big factor, but so as to not conflict with the National Conference Of Bankruptcy Judges…so the Tournament is NOT on Monday September 28, 2015…or Monday September 28, 2014…it’s on Monday September 21, 2015.

That’s only 249 days away! The way time flies–and you can quote me on that–it’s practically right around the corner!  Sign up early!

Future blasts will include a flyer, which itself will include a registration form.  Can you just show up unannounced, i.e., sans reservation?  Of course!  Everyone who brings enough money is welcome!

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Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores

By | December 2, 2014 | Current Events | No comments

By Jessica Silver-Greenberg

November 12, 2014 9:45 pm November 12, 2014 9:45 pm

Credit Ángel Franco/The New York Times

Bernadette Gatling said she has lost job opportunities because employers viewed her credit report, which included voided debts.

In the netherworld of consumer debt, there are zombies: bills that cannot be killed even by declaring personal bankruptcy. Tens of thousands of Americans who went through bankruptcy are still haunted by debts long after — sometimes as long as a decade after — federal judges have extinguished the bills in court. The problem, state and federal officials suspect, is that some of the nation’s biggest banks ignore bankruptcy court discharges, which render the debts void. Paying no heed to the courts, the banks keep the debts alive on credit reports, essentially forcing borrowers to make payments on bills that they do not legally owe.

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LACBA: Introduction to the Law of Personal Property Secured Transactions

By | November 24, 2014 | Programs | No comments

Presented by: Commercial Law and Bankruptcy Section

Program Information: Please join us as we focus on a preliminary understanding of Article 9 of the Uniform Commercial Code and discuss issues of attachment, perfection (including the various types of personal property collateral and the means of perfection), and priority issues between contending security interests and other lien claimants.This program is designed for the newer attorney, who may or may not have taken a personal property secured transactions class in law school.

Speakers: James D. Prendergast, The First American Corporation 

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Los Angeles Federal Bar Assoc. program: TRIBUTE TO CHIEF JUDGE KOZINSKI

By | November 20, 2014 | Programs | No comments

To celebrate his tenure as Chief Judge of the U.S. Court of Appeals for the 9th Circuit, the FBA-LA cordially invites you to join us as we pay tribute to The Honorable Alex Kozinski.

December 2, 2014 – 5:00 p.m. – 7:00 p.m.

Location: Richard H. Chambers – U.S. Court of Appeals Building
125 South Grand Avenue Pasadena, California 91105

Complimentary parking is available across the street from the courthouse.

Flyer attached.

Financial Lawyers Conference program: Chapter 9 Comes of Age: from California to Motown

By | November 20, 2014 | Programs | No comments

Chapter 9 Comes of Age: from California to Motown

Thursday, December 4, 2014

Speakers:
Bruce Bennett, Jones Day
Paul Glassman, Stradling Yocca Carlson & Rauth, P.C.
Gabriel MacConaill, Sidley Austin LLP

In what surely must be one of the best timed presentations in recent years – the bankruptcy court having confirmed the plan of adjustment for Detroit on November 7, 2014 and with several California municipal bankruptcies capturing headlines – a panel that includes lead counsel for Detroit, counsel for one of the major creditors in Detroit and lead counsel for San Bernardino – will lead a discussion of the key issues that affect chapter 9 bankruptcy cases. The panel will provide a brief overview of chapter 9 and then delve into such topics as eligibility for chapter 9, unique aspects of municipal finance and the liens asserted by these creditors, the treatment of pensions and collective bargaining agreements, and confirmation of a chapter 9 plan of adjustment.

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Annual Holiday Party

By | November 17, 2014 | Programs | No comments

Annual Holiday Party hosted by:

-Los Angeles Bankruptcy Forum
-Central District Consumer Bankruptcy Attorney Association
-Financial Lawyers Conference
-Southern California Turnaround Management Association
-Commercial Law and Bankruptcy Section – Los Angeles County Bar Association
-Beverly Hills Bar Association – Bankruptcy Section

Flyer attached.

December 8, 2014

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