Chapter 11 News: Speculators Are Eager to Bet on Madoff Claims

The lawsuits filed by liquidating trustee, Irving H. Picard, seeking money for Bernard L. Madoff’s fraud victims may be a blow for the defendants — but they are catnip for an obscure breed of Wall Street traders speculating on the outcome of the enormous Madoff bankruptcy case.  For more from New York Times, click here

Chapter 11 News: A&P Seeks Bankruptcy Protection

NEW YORK — Great Atlantic & Pacific Tea Co., the 101-year-old operator of 429 supermarkets and other stores, has filed for Chapter 11 bankruptcy protection in White Plains, N.Y.
For more from Boston.com, click here

Message from U.S. Bankruptcy Court District of Massachusetts

The Honorable Frank J. Bailey has been appointed the Chief Judge of the United States Bankruptcy Court for the District of Massachusetts for a term of four years, effective December 10, 2010.  He succeeds the Honorable Henry J. Boroff.

Will Massachusetts adopt judicial foreclosure?

Secretary of State William F. Galvin plans to submit a bill next month that would force Massachusetts mortgage lenders to get court approval before seizing homes, in an effort to protect homeowners and address concerns about how foreclosures are conducted. More from The Boston Globe here

Report on Young Lawyers Committee Event

On November 30, 2010, the Young Lawyers Committee of the Bankruptcy Section hosted a cocktail reception at Ned Devine’s Parris Lounge. The event was designed as an informal “meet and greet” for young bankruptcy practitioners. Over 20 people attended, including several new faces of bankruptcy associates, law students, and in-house counsel. After hosting a “Kick-off” breakfast at the start of the BBA calendar year, the event allowed committee members to get together once more before the upcoming “Young Bar Meets Bench” program in February 2011, which will feature the Massachusetts Bankruptcy Judges in a panel discussion. The “Young Bar Meets Bench” program has become the Committee’s premier event and was attended by over 100 people last year.