Have you ever pondered these questions? -What is a Court of Bankruptcy? -How many U.S. bankruptcy laws have there been? -When was NCBJ f/k/a NARB really formed? -What was the term for which bankruptcy referees were appointed? -When did a bankruptcy referee become a bankruptcy judge? -When did the National Association of Referees in Bankruptcy […]

There have been economic recessions in the United States since 1980 during these periods: July 1981-Nov 1982 July 1990-Mar 1991 Mar 2001-Nov 2001 Dec 2007-June 2009 To determine whether there is a correlation between those four economic recessions and the number of Chapter 11 cases filed nationwide, I took into account two possible causes for […]

Representatives of judicial or bankruptcy related organizations with the following acronyms come to together at the NCBJ: ABA, ABI, ABLJ, ACB, AIC, AIRA, CLLA, IWIRC, NAWJ, NCBJ. How many can you name? For the answer to who they are, click HERE.

 ABA, ABI, ABLJ, ACB, AIC, AIRA, CLLA, IWIRC, NAWJ, NCBJ A remarkable diversity of organizations in the bankruptcy and insolvency field participate in NCBJ’s Annual Conference, perhaps more than at any other single bankruptcy conference. It is a great place to network and meet colleagues and bankruptcy judges. In addition to NCBJ, organizations presenting educational […]

This article briefly summarizes the history of the bankruptcy laws in the United States. Article I of the United States Constitution, sec. 8, cl. 4, gives Congress the power to “establish . . . uniform laws on the subject of bankruptcies throughout the United States.” Bankruptcy Act of 1800 The first bankruptcy law in the […]

Forty years ago, the Bankruptcy Code, in § 330(a)(3) (F), abolished the notion of the “economy of the estate.” Prior to enactment of the Bankruptcy Code, the court in allowing or disallowing attorneys’ fees and compensation to other bankruptcy professionals did not need to allow as much compensation as the professionals could earn in the […]

The Bankruptcy Act of 1898, as amended, provided that “Judge shall mean a judge of a court of bankruptcy, not including the referee.” 11 U.S.C. § 1(20). On April 24, 1973, the Supreme Court of the United States issued new Bankruptcy Rules applicable in Chapters I to VII and in Chapter XIII of the Bankruptcy […]

The Bankruptcy Reform Act of 1978, which adopted the Bankruptcy Code, went into effect on October 1, 1979. By my count, the Bankruptcy Code turns 40 on October 1, 2019. So October is the Bankruptcy Code’s birthday month. What is more patriotic than celebrating the birth of the Bankruptcy Code? And what place is better […]