OK, for those of you who do not practice any type of trial law, “naked” ususally means “without insurance.” Here is an article which tracks the ups and downs of bankruptcy filings. Mr. Sment opines that many legal malpractice carriers cut coverage in the wake of changes to bankruptcy law last year. “According to Sment, many legal malpractice insurance carriers stopped covering debtors’ counsel because of the new regulations, part of which made it a possibility that attorneys would have to disgorge their fees and be treated as creditors.” How do non-covered attorneys sleep? Details.