ABI Blog Exchange

News Flash: It is Illegal for Debt Collectors to Stalk Debtors on Facebook or Threaten to Kill Their Dogs

Do any of you read creditcards.com? It is a great source of info on various topics, not just credit cards. Today’s story featured three debt collection horror tales, as well as a state of the nation of nasty collection efforts. According to the story

Our Blog Has Moved

Our Blog Has Moved

Spotlight on Shareholder Proposals: Declassification

This is the first in a series of posts to discuss shareholder proposals during the 2012 proxy season. The march towards board declassification showed no signs of slowing down in the 2012 proxy season. Of the 45 precatory shareholder declassification

Spotlight on Shareholder Proposals: Declassification

This is the first in a series of posts to discuss shareholder proposals during the 2012 proxy season. The march towards board declassification showed no signs of slowing down in the 2012 proxy season. Of the 45 precatory shareholder declassification

Today in Bankruptcy – 6-28-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 28, 2012. Lenny Dykstra Takes Plea Deal on Bankruptcy Fraud Charges Is AMR Getting Healthy in Bankruptcy? American Flag Seller Files for

Maclaren to Cover Bankrupt Distributor’s Product-Liability Suits

Getty Images Product-liability claims against the former U.S. distributor of Maclaren strollers will be covered by Maclaren, the U.K. manufacturer of strollers and numerous other baby products, according to a news release. The announcement comes

Drastic Times Call For Drastic Measures; Cash Is King While Savings Go By The Wayside

It’s bad enough not having a viable source of income, but a new report from CNN Money details that 43% of Americans go without cash for a week and 28% don’t have any emergency savings. In an economy where the pennies must be pinched in order to

ATM Fees Distracted Regulators, Public from Real Problems

Much time and energy was spent on a campaign to regulate an optional service consumers could avoid paying for. Meanwhile, mortgage securitization was going gangbusters. Priorities were perhaps misplaced.

Chapter 9 - California and Federal Bankruptcy Law/Relative Bargaining Positions

By Alan Martin and Matthew Holbrook The Stockton, California City Council has now authorized the filing of a Chapter 9 bankruptcy petition. Many parties affected by a potential filing by other similarly situated California public entities are seeking

Spotlight on Shareholder Proposals: Declassification

This is the first in a series of posts to discuss shareholder proposals during the 2012 proxy season. The march towards board declassification showed no signs of slowing down in the 2012 proxy season. Of the 45 precatory shareholder declassification

Spotlight on Shareholder Proposals: Declassification

This is the first in a series of posts to discuss shareholder proposals during the 2012 proxy season. The march towards board declassification showed no signs of slowing down in the 2012 proxy season. Of the 45 precatory shareholder declassification

Taking Necessary Steps to Ensure a Successful Bankruptcy Filing

Understanding the bankruptcy process includes knowing what steps are involved to ensure a successful outcome. Reviewing your options and planning ahead can help save time and reduce stress. The following helps give you an idea of what to expect and

Dubai's Drydocks World Sets Up Asia Joint Venture

Dubai's shipyard operator Drydocks World signed a deal Wednesday to form a joint venture for its Asian operations with Singapore's Kuok Group as it tries to close a $2.2 billion debt restructuring, according to The Seattle Times: By ADAM SCHRECK AP

Cadwalader Presents to LSTA on 11th Circuit TOUSA Decision

Cadwalader attorneys Peter Friedman, Doug Mintz and Josh Brant, joined by Morgan Stanley Executive Director Colin Adams, recently addressed the Loan Syndications and Trading Association and discussed their views on the 11th Circuit's recent

SDNY Bankruptcy Court Opens Door For Rule 2004 Use in Chapter 15

On May 25, 2012, Judge Allan L. Gropper of the United States Bankruptcy Court for the Southern District of New York approved a motion to compel the production of certain documents under section 1521 of the Bankruptcy Code. In his decision, Judge

Actor Armand Assante Aims to Sell N.Y. Property

Reuters Armand Assante attends Kazakhstan Fashion Week in October 2010. Anyone want Armand Assante as a neighbor? It could happen, if a bankruptcy judge grants the actor’s request to sell 100 acres of his property in a small New York town. Court

Construction Lending: Trend toward Guaranty “burn off” brings new list of hot conditions

Credit enhancement of commercial construction lending has a new, important twist to the traditional (full) payment and performance guaranty: the burn-off events go beyond valuation and debt service thresholds to also include many of the check list

The Daily Docket: Patriot Coal Bondholders May Not Recover Much in Restructuring

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily

North Chicago Bankruptcy Attorney Talks About Non-Dischargeable Debts

As per North Chicago bankruptcy attorney David Siegel, not every debt that you are going to list on a Chapter 7 bankruptcy petition is going to be dischargeable or eliminated. Now, it is true that the overwhelming majority of debts such as medical