ABI Blog Exchange

Don't Let Your Babies Grow Up to Be Bankers

There are fewer opportunities for upward mobility, and it's likely that the bank you go to work for will soon be merged out of existence. Is this the kind of environment that attracts the best and brightest?

Not Your Average Saab Story: From Bankruptcy To An Electric Future

In late 2011 Saab, the Swedish automobile manufacturer, filed for bankruptcy after 61 years of business. According to Reuters, a Chinese born-Swedish investor has agreed to purchase the stagnant car company in hopes to restructure the business model

The Latest in the Mwangi Saga—the U.S. District Court Rules That the Trustee, to the Exclusion of the Debtor, has Exclusive Standing to Pursue Stay Violations Involving Estate Property

The facts in In re Mwangi, 432 B.R. 812 (9 th Cir. BAP 2010) are familiar to many. The Debtors had four accounts (the two largest of which were not disclosed in their schedules) at Wells Fargo Bank at the time they filed chapter 7. In accordance with

There’s No Comity Relief Here: U.S. Bankruptcy Court Denies Petition for Recognition of Mexican Plan of Reorganization on Grounds that Releases of Non-Debtor Guarantors Are Contrary to U.S. Public Policy

In a decision that is certain to ring bells South of the Border (and perhaps around the world), the United States Bankruptcy Court for the Northern District of Texas recently denied the request by the foreign representatives of Vitro, S.A.B. de C.V

Sister of Former Detroit Mayor Kwame Kilpatrick Files Bankruptcy

Ayanna Kilpatrick, sister of former Detroit Mayor Kwame Kilpatrick, recently filed for Chapter 7 bankruptcy protection. Court documents obtained by the Detroit Free Press claim Ayanna owes more than $340,000 in outstanding debt. Her brother Kwame

The Daily Docket: Judge Approves ResCap Examiner

Bloomberg Warren Buffett A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc. for an independent examiner to be named in the bankruptcy case of Residential Capital LLC, as Berkshire and others continue to seek the loan

Is the “Ponzi Scheme Presumption” Expanding into New Territory?

Most courts endorse and affirm the use of the "Ponzi scheme presumption" against recipients of transfers from the Ponzi debtor. These courts hold that, in an actual fraudulent transfer case, the transferor's fraudulent intent is presumed if the

Early Pay-off of a Commercial Mortgage Loan? Shhhh – here’s “why” it makes sense

Acceptance by commercial real estate lenders of a partial payment in full satisfaction of the loan (as a “discounted payoff” – a “DPO”), prior to the maturity of the loan, is a topic that receives little “public” attention. Here are a few reasons why

What is an Automatic Stay?

When you’re in the midst of debilitating debt, filing for bankruptcy can afford you a much needed sense of calm. One of the immediate benefits of filing is the enactment of an automatic stay. From the Santa Clara University School of Law: The

On shareholders' recourse against "zombie funds" that refuse to honor redemption requests

A recent article in the New York Times Dealbook explains how investors have succeeded in causing illiquid funds that have refused to honor redemption requests - sometimes referred to as "zombie funds" - to pay up or be liquidated.Word among Caribbean

On shareholders' recourse against "zombie funds" that refuse to honor redemption requests

A recent article in the New York Times Dealbook explains how investors have succeeded in causing illiquid funds that have refused to honor redemption requests - sometimes referred to as "zombie funds" - to pay up or be liquidated.Word among Caribbean

Models Like VaR Only as Good as Risk Managers' Imaginations

Risk management is fundamentally a social science built on market data that sometimes misbehaves. The models are fed by crucial assumptions about the likelihood of different market outcomes.

The Academy for Consumer Bankruptcy Education Posts Chapter 13 Article by Leon Bayer

We understand debt problems very well, and we know how to fix them.Our firm has become a Los Angeles icon, famous for providing a safe harbor to people in debt trouble for more than 30 years. Each partner at Bayer, Wishman & Leotta has been doing

Today in Bankruptcy – 6-18-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 18, 2012. Sen. Muse’s Church Files for Bankruptcy Theft Pushes Ore. Company To Brink Of Bankruptcy Twenty Years Later, Colonial Realty

5 Things House Lawmakers Should Avoid at the Dimon Hearing

Among other things, House lawmakers shouldn't tell Jamie Dimon how awesome he is (he already knows) and shouldn't suggest over-regulation caused the $2 billion-plus loss at the bank. To find out the worst thing they could do, however, read on.

Bankruptcy Made Us Stronger, Teresa Giudice Says

The first “Real Housewife” to seek bankruptcy protection, Teresa Giudice of New Jersey, talked about her bankruptcy experience on the latest episode of Bravo’s “Real Housewives of New Jersey.” (Other housewives who’ve strolled through bankruptcy

GM, Chrysler, Argentina, Mortgages, and More

Bankruptcy Lawyers VS. Lawyers Practicing Bankruptcy Law

My Dad has really had his hands full - he’s been an incredible caregiver to my Mom who unfortunately has the dreaded disease Alzheimer’s. He finally hired Judy to clean once a week for a couple of hours and she has also helped care for Mom with love

5 Common Bankruptcy Myths Exposed

Millions of consumers file bankruptcy every year and while those who file have their own reasons why, others may assume a filing was done for reasons that may not be true. Some people have certain beliefs about why consumers file for bankruptcy

Download the June 14 Distressed Energy Investments Program Materials

On June 14, Cadwalader hosted a discussion on the ever-changing business landscape for energy companies created by recent market changes, FERC regulations and the Dodd-Frank Act. Keynote speaker, The Honorable Donna L. Nelson, Chairman of the Public