ABI Blog Exchange

Velo Holdings KEIP Approved by SDNY Bankruptcy Court

On June 6, 2012, Bankruptcy Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York approved a $2.875 million key employee incentive plan (“KEIP”) in the Velo Holdings bankruptcy cases over the objection of the U.S

Today in Bankruptcy – 7-24-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 24, 2012 Bankruptcy Bonuses: Another Way Execs Cheat Workers (and Taxpayers) Aurelius appeals judge’s confirmation of Tribune bankruptcy

It's High Time for High-Frequency Banking

You should be able to move your money as fast as you can make it. But the banking system today works about as speedily as the Post Office.

Credit Bidding -- “Perhaps the most hotly debated issue of bankruptcy law today”

We finally have the answer to the credit bidding question: secured creditors whose collateral is to be sold free and clear of liens pursuant to Chapter 11 debtor’s plan have the right to credit bid at the auction sale. So held the Supreme Court in

Breast Cancer Support Group to Liquidate

A Chicago breast-cancer charity that helped patients cope with the disease long before pink ribbons and celebrity advocates entered the picture has shut down and filed for bankruptcy liquidation. Court papers show Y-Me National Breast Cancer

Eminent Domain: Eminently Suitable for Defaulted Loans

Use eminent domain to refinance unaffordable mortgages, cut through the mire of servicers, home equity investors and trustees. Protect homeownership and communities while respecting everyone's property rights.

ISS Policy Survey Released with Insights into 2013 Policies

ISS has issued its policy survey for 2013. The survey seeks input from institutional investors, issuers and other corporate governance participants, with 31 questions of relevance to the US market. After the survey closes on August 17th, ISS will

ISS Policy Survey Released with Insights into 2013 Policies

ISS has issued its policy survey for 2013. The survey seeks input from institutional investors, issuers and other corporate governance participants, with 31 questions of relevance to the US market. After the survey closes on August 17th, ISS will

Federal Help for Underwater Mortgages

In real estate terms, an underwater home rarely means it’s actually under water. Today a lot of homeowners are finding themselves underwater with their mortgage, meaning that they owe more on their current home loan than the home is currently worth

On the nature of the Madoff fraud

For over three and a half years, the fraud to which Bernard Madoff confessed has been characterized as a Ponzi scheme by those unraveling it and the press.A recent Op Ed discusses the possibility that the fraud was not in fact a Ponzi scheme, and the

Crisis In The Spotlight; Student Loans Wreaking Havoc On American Citizens

Feel buried under student loan debt? According to some new research, you're definitely not alone. Americans have recently racked up over $150 billion in private student loan debt. That figure is part of the $1 trillion student loan debt that has

Binary Debates About Regulation Are Really Getting Tiresome

Receiving Wide Coverage ... Regulatory Reform Redux: The New Yorker's financial columnist, James Surowiecki, frames the Libor-rigging scandal as a textbook example of the financial industry's inability to regulate itself. Reputation risk has proven

In Dewey talks, a surprise $50 million insurance policy emerges

Per Reuters: July 20, 2012 NEW YORK (Reuters) - A $50 million insurance policy is emerging as a key factor in efforts to resolve the bankruptcy of defunct law firm Dewey & LeBoeuf and avoid years of costly litigation. The policy, taken out by Dewey

The Daily Docket: Judge Endorses Tribune Plan

A bankruptcy judge Monday officially signed off on Tribune Co .’s Chapter 11 plan, endorsing final documents setting out the debt-for-equity swap that will make the media company property of hedge funds and banks. Read the Daily Bankruptcy Review

Seventh Circuit’s Take on Section 365(n) of the Bankruptcy Code: What’s the Point?

Section 365(n) of the Bankruptcy Code affords special protection to a licensee of intellectual property when a debtor-licensor rejects its licensing agreement pursuant to section 365(a) of the Bankruptcy Code. Essentially, section 365(n) allows a

How to Win Over Potential Critics of New Financial Products

Consumer advocates, regulators and others are encouraged when companies take a "we want to design the best product" approach rather than a "we want to meet a minimum threshold" approach.

Win at Confirmation, Lose the House

The finality of plan confirmation was a two edged sword for the debtor’s lawyer defending a relief from stay motion. You win, for now, the judge told him. But the train wreck is coming. The lender’s lawyer complained, unsuccessfully it turned out

Can I Claim Unemployment if I Do Not Have Childcare?

Leaving your job involuntarily usually leaves workers ineligible to collect unemployment benefits. Losing your job at no fault of your own makes one eligible but depending on state regulations and personal circumstances, you could be eligible for

ISS Policy Survey Released with Insights into 2013 Policies

ISS has issued its policy survey for 2013. The survey seeks input from institutional investors, issuers and other corporate governance participants, with 31 questions of relevance to the US market. After the survey closes on August 17th, ISS will

ISS Policy Survey Released with Insights into 2013 Policies