Appointment to National Conference of Bankruptcy Judges Next Generation Program

We are pleased to announce that Reno Fernandez has been selected for the National Conference of Bankruptcy Judges Next Generation Program for 2013.  Attorneys from our firm will be attending the conference October 30 through November 2, 2013, in Atlanta, Georgia.

Bankruptcy Crimes

Join Reno Fernandez, Chair of the Bar Association of San Francisco's Commercial Law & Bankruptcy Section, for this white-linen lunch program:

BANKRUPTCY CRIMES

Tuesday, June 11, 2013

Noon to 1:30 pm

Speakers 

Hon. Stephen L. Johnson, Bankruptcy Court for the Northern District of California, San Jose Division

Joseph Fazioli, Assistant U.S. Attorney, U.S. Department of Justice 

Jeffrey L. Bornstein, Partner, K&L Gates

Emily S. Keller, Trial Attorney, U.S. Trustee’s Office

Moderator

Ivo Keller, Associate, Buchalter Nemer

Topics

• A discussion of the intersection between the bankruptcy code and criminal law

• How attorneys should respond when they see evidence of potential criminal conduct

• Considerations affecting public prosecutors’ handling of allegations of fraud and other crimes in bankruptcy cases

Location

Le Meridien Hotel
333 Battery Street
San Francisco, CA 

Please RSVP to: http://tinyurl.com/oc3gbuw

Thank you for supporting the Section.  See you there!

Macdonald | Fernandez LLP Congratulates the California Bankruptcy Forum on 25 Years of Excellence!

We are happy to be attending the California Bankruptcy Forum's Insolvency Conference, which kicks off today.  Congratulations to the CBF on its 25th anniversary!

Kodak Chapter 11 Reorganization Plan Faces Challenges, Requests forAppointment of Retiree and Shareholder Committees

A shareholder in Eastman Kodak Co. has filed a significant objection to the company's chapter 11 reorganization plan, which provides for the effective elimination of the company's stock.  Shareholder Matthew Glassman argues that equity holders need representation in the case and that the reorganization plan “is a blatant attempt to rob both the shareholders and unsecured debt and bond holders of money and shares that are rightfully theirs.” Kodak is also facing challenges by retirees, and the bankruptcy court has set a hearing for June 20, 2013, to consider creating an official committee of retirees in connection with unfunded retirement programs Kodak eliminated when it filed for bankruptcy.  Read more here.

Jefferson County Bondholders May Face Losses

Jefferson County, Alabama, announced yesterday that it will file a chapter 9 reprganization plan by late June, 2013, to exit bankruptcy. Jefferson County may become the first large local government since the 1930's to impose losses upon its bondholders. Read more here.

CFPB Recommends More Flexible Approach to Private Student Loan Debt

Yesterday, the Consumer Financial Protection Bureau (CFPB) proposed to create more flexible repayment plans for private student loans.  These loans are $150 billion of the current $1 trillion in outstanding student loan debt.  The CFPB proposes that borrowers who pay on time should be allowed to refinance at lower interest rates, whereas borrowers who default should be provided with income-based repayment plans.  The CFPB urges lenders to implement those recommendations now.  The CFPB also proposed that a rehabilitation program available for federal student loan debt be extended to private loans.  Read more here.