Look Who’s Joined (or Rejoined) the BMS Family Tree!

The BMS Family Tree Continues to Grow! Chapter 7 Trustee offices around the country continue to switch from other software providers over to BMS and are happy to be using CaseLink². Some of these offices are returning to the superior software and service that has become the hallmark of BMS, while others are discovering the BMS Advantage for..

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Trend Alert: 2017 is the Year of the Retail Bankruptcy

If you follow current events, you are probably aware that many retailers have filed for bankruptcy in 2017, and more are on the way. In fact, the number of retailers that have filed this year has been so staggering that 2017 has been dubbed the “year of the retail bankruptcy.” Learn more about what is..

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Third Party Litigation Funding: Add to Your Toolkit

BMS client and bankruptcy trustee, Lee Buchwald, broke a bankruptcy industry record last year when he used a third party to fund litigation proceedings on an over 15-year-old bankruptcy case involving Magnesium Corporation of America and Renco Metals, Inc. As a result, in early March the 2nd U.S. Circuit Court of Appeals affirmed a $213 million judgment..

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Shifting Restructuring Challenges in Volatile Oil & Gas Industries

Driven by oversupply and drops in the price of oil and natural gas, the oil and gas industries are facing a spike in restructurings and bankruptcies over the course of the coming year and into 2017. With restructuring and bankruptcy announcements ramping up, including news from big players like Energy XXI and SandRidge Energy, 2016..

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Look Who’s Joined (or Rejoined) the BMS Family Tree!

The BMS Family Tree Continues to Grow! Trustee offices around the country are switching from other software providers and are now primarily using CaseLink Web by BMS – joining the BMS family tree. Some of these offices are returning to the superior software and service that has become the hallmark of BMS, while others are discovering the BMS..

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Ace your 2016 Audit: Top 10 Trends

Using the reports of top audit findings over the last three fiscal years, we’ve compiled a list of the top 10 audit trends. This year, ace your audits by being aware of these top audit issues, and use the tips provided in this article to correct those common errors by using the tools provided in your..

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Bankruptcy Forms to be Updated on Dec. 1, 2015

On December 1, 2015, a comprehensive set of new Bankruptcy forms were introduced and implemented nationwide across all courts. The format of the new forms is visually different – including use of checkboxes and concise instructions. Other changes include: Separate forms will be required for individuals versus non-individuals filing bankruptcy: Forms for Individuals will start in the 100s..

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Lighting the Path: NABT Trustee Assistant Mentoring Program

It can be a scary world out there – especially for those just starting their career in bankruptcy administration and restructuring with all of the different acronyms and local rules. Sometimes, all we need to alleviate our fears is guidance from someone who has been there and can light the path. Earlier this year, the NABT..

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PACER NextGen Upgrade & Instructions

As you may already be aware, courts are beginning to transition to the NextGen version of PACER. As each court gets ready for their transition, they will post the timelines on their CM/ECF site. You must update your PACER login credentials in order to continue being able to view and download documents, and file electronically with..

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Join the NABT Trustee Assistant Mentoring Program

The Trustee Assistants Section of the NABT introduced a new initiative in 2015: A Trustee Assistant Mentoring Program.  This program is designed to assist Trustee Assistants (TAs) nationwide in their duties. BMS would like to inform all Chapter 7 clients about this new program as it embodies the same core principles that are the foundation of..

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