The following is a press release from March 12, 2010.
” Title: Castle Supports Bringing More Bankruptcy Judges To Delaware
Location: Washington, DC
Castle Supports Bringing More Bankruptcy Judges To Delaware
Today, Delaware Congressman Mike Castle voted in favor of H.R. 4506, the Bankruptcy Judgeships Act, legislation aimed at authorizing additional federal bankruptcy judgeships. Delaware, which currently has one permanent and five temporary judgeships, would now have six permanent positions.
“With the financial crisis and economic downturn resulting in an increase in the amount of both corporate and personal bankruptcies, Delaware’s bankruptcy courts have experienced rising caseload,” said Rep. Castle. “With the temporary positions set to expire soon, this bill makes the five temporary slots permanent. In addition to reflecting the seriousness of the economic challenges that we face, the rising bankruptcy rates are reminders that this Congress and Administration must focus on economic growth with policies that expand innovation and protect, instead of spend, taxpayer dollars.”
In 2009, the United States saw 1.47 million bankruptcy filings, up 32 percent from the year before. Currently, there are 352 bankruptcy judges in the federal system, of which 36 are temporary positions. H.R. 4506 would make the five judgeships permanent in Delaware that were created through the Bankruptcy Abuse Prevention and Consumer Protection Act and the Bankruptcy Judgeship Act.
The Bankruptcy Judgeships Act is based on recommendations of the U.S. Judicial Conference, a body of 30 federal judges, including the chief justice of the United States, which makes recommendations to Congress on the federal judiciary.”
I especially like the this part, “In addition to reflecting the seriousness of the economic challenges that we face, the rising bankruptcy rates are reminders that this Congress and Administration must focus on economic growth with policies that expand innovation and protect, instead of spend, taxpayer dollars.”
So what does he vote for ? Increasing the number of government employees on a permanent basis. And how does having more judges help to expand innovation?
It is also a good thing that we will have more bankruptcy judges, since so many of the things that Mr. Castle votes for will lead to more bankruptcies. It is also notable once again that Mr. Castle’s number one contributor to his campaign is the law firm of Young &Conaway, this is a law firm that deals primarily in corporate restructuring and , that’s right bankruptcies. But I am sure that having more judges and bankruptcies in the state of Delaware will not in any way benefit Young & Conaway and has nothing to do with the way that Mr. Castle voted.