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US Bankruptcy Court declines to grant comity to Mexican labor board’s decision

* This article was first published by INSOL International on March 16, 2015.

Upholds Extraterritorial Application of 11 U.S.C. § 362 Automatic Stay

Mexico, USA, Texas, Employment & Labor, Insolvency & Restructuring, Litigation, ArentFox Schiff, Foreclosure, Comity, United States bankruptcy court, US District Court for Northern District of Texas
Foreclosures increase nationwide, Ohio dips and some states experience decline

While some states have mandated delays to the foreclosure process, curbing the number of foreclosure filings in recent months, many report that such legislation is only a temporary cure. Foreclosure filings include default notices, auction sale notices and bank repossessions. According to James J. Saccacio, chief executive officer of RealtyTrac, October marked the 34th consecutive month where U.S. foreclosure activity increased compared to the prior year. RealtyTrac U.S.

USA, Insolvency & Restructuring, Bricker & Eckler LLP, Bankruptcy, Debtor, Mortgage loan, Personal property, Foreclosure, Moratorium, Default (finance), Federal Deposit Insurance Corporation (USA), US Department of the Treasury, Chief executive officer
Ohio's Tenth Appellate District addresses priority between mechanics’ liens and mortgages; prejudgment interest on mechanics’ liens

On May 20, 2008 the Tenth Appellate District Court of Appeals issued an opinion in Guernsey Bank v. Milano Sports Enterprises, LLC holding on several issues of priority between mortgages and mechanics’ liens as well as the application of prejudgment interest on mechanics’ liens.

USA, Construction, Insolvency & Restructuring, Litigation, Bricker & Eckler LLP, Interest, Limited liability company, Mortgage loan, Foreclosure, Legal burden of proof, Admissible evidence