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COVID-19 brought new realties to almost every aspect of life including the physical production of print/mail noticing and the timely delivery of mail by the U.S. Postal Service (USPS). The fallout from heavy mail in ballots during the 2020 elections as well as record increases in online shopping and shipping caused systemic delivery delays throughout the USPS. Return of undeliverable mail was reported to take up to two months to be returned during peak periods.
Such realities made me delight in the concept of service being complete via the notice of electronic filing (NEF) generated by the court's Case Management/Electronic Case Files (CM/ECF) system. However, under FRBP 2002, several notices are required to be served on all creditors. The reality is, the majority of parties who fall under the category of "all creditors" are NOT registered users of CM/ECF. And it is typical in small and middle market cases that the out of pocket costs associated with printing and mailing are daunting, while in bigger cases they are sometimes beyond extraordinary.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.