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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Federal Preemption on Appraisal Laws Not a Sure Thing

The federal appraisal guidelines do not require that an evaluation be prepared by a licensed or certified appraiser. But the appraisal acts in many states do.

Bankruptcy Fees: The $1,800-an-Hour Ted Olson Edition

By Jennifer Smith Getty Images Gold bar and $1 bills Court filings in bankruptcy cases provide a rare glimpse at how much top lawyers charge for their services—prices that regularly exceed $1,000 an hour, to the dismay of some at the Justice

MF Global payouts could take 6 years

Per Reuters UK: By Christine Stebbins CHICAGO | Tue Jun 5, 2012 10:58pm BST (Reuters) - The complex pursuit of the missing $1.6 billion (1.04 billion pounds) in segregated customer funds lost by bankrupt broker MF Global could take up to six years to

Arcapita Bank: Secondary Market in Arcapita Obligations

The United States Bankruptcy Court for the Southern District of New York is allowing Barclays - a member of the Official Committee of Unsecured Creditors - to trade Arcapita obligations.The Court's Order (docket number 94) was entered a few weeks ago

The High Cost of 'Too Big To Behave' Banks

Here's a systemic risk bankers and regulators prefer not to discuss: Banks so big they get away with chronically unethical and illegal behavior.

Tips to Help Manage Medical Debt

If you’ve got a mountain of medical bills staring you in the face you’re probably feeling a bit overwhelmed. The following medical debt tips should help you deal with your bills and get back on your feet in the fastest time possible with the least

Octomom’s Chapter 7 Bankruptcy Dismissed – Why and What Does it Mean?

You may have read news reports that Nadya Suleman, otherwise known as “Octomom,” recently filed Chapter 7 bankruptcy, only to have her case dismissed because she filed to file the required financial disclosure schedules. Ms. Suleman, as you may

Barclays may recover £975 million lost in Lehman Brothers bankruptcy

Per www.cfoworld.co.uk: Manhattan judge overturns federal bankruptcy decision which could boost British bank By CFOWorld.co.uk staff | CFO UK | Published 13:47, 06 June 12 Barclays is entitled to recover around £975.65 million ($1.5 billion) of

Supreme Court Affirms a Secured Creditor's Right to Credit Bid under a Chapter 11 Sale Plan

Regina StangoKelbon Last week the Supreme Court decided a split in the circuits in an important decision for lenders. Previously, I reported that the Third Circuit and the Fifth Circuit in Philadelphia Newspapers LLC and In re Pacific Lumber, Co

Supreme Court Affirms a Secured Creditor's Right to Credit Bid under a Chapter 11 Sale Plan

Regina StangoKelbon Last week the Supreme Court decided a split in the circuits in an important decision for lenders. Previously, I reported that the Third Circuit and the Fifth Circuit in Philadelphia Newspapers LLC and In re Pacific Lumber, Co

Proxy Access Proposal Passes at Nabors

In the first win of its kind, a majority of shareholders at Nabors Industries voted in favor of a proposal for the right of shareholders owning 3% or more for at least three years to nominate directors on a company's ballot, for up to 25% of the

Proxy Access Proposal Passes at Nabors

In the first win of its kind, a majority of shareholders at Nabors Industries voted in favor of a proposal for the right of shareholders owning 3% or more for at least three years to nominate directors on a company's ballot, for up to 25% of the

U.S. District Court for the Southern District of New York dismisses investors' federal securities law claims against Madoff-linked Santander fund

Per Reuters: in By Jonathan Stempel Mon Jun 4, 2012 3:24pm EDT (Reuters) - Banco Santander SA ( SAN.MC) on Monday won the dismissal of U.S. federal securities law claims in a lawsuit by investors in a $3.1 billion hedge fund arm that funneled money

The Stern Files (sixth edition)

As a review of this edition of the Stern Files demonstrates, Stern has led to an onslaught of requests to withdraw the reference. As we previously noted, the United States District Court for the Southern District of New York attempted to slow the

The Daily Docket: Barclays Favored in Lehman Trustee Dispute

Getty Images A judge on Tuesday ruled largely for Barclays PLC in the bank’s ongoing dispute with the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage stemming from Barclays’ 2008 purchase of the brokerage, a decision the trustee will

Scary Peak At Loan Mod Future

Loan modifications and the relative casualness with which they are documented scare me. Given the glaring problems that loan servicers have in accounting for payments made by borrowers and expenses charged to loans, the idea that those same people at

Steps to Take After Bankruptcy!

You’ve filed for the personal bankruptcy, and the bankruptcy courts finally approved your case. Your debts are officially eliminated from your life – and you are debt-free for the first time. However, before you throw your hands in the air and

SEC Must Thoroughly Investigate JPMorgan, Including Its CEO

On Wednesday, Occupy the SEC will be marching in Manhattan from JPMorgan Chase's downtown office to the SEC, calling for the agency to investigate Jamie Dimon himself for possible violation of the disclosure requirements of Sarbanes-Oxley Act.

Proxy Access Proposal Passes at Nabors

In the first win of its kind, a majority of shareholders at Nabors Industries voted in favor of a proposal for the right of shareholders owning 3% or more for at least three years to nominate directors on a company's ballot, for up to 25% of the

Proxy Access Proposal Passes at Nabors

In the first win of its kind, a majority of shareholders at Nabors Industries voted in favor of a proposal for the right of shareholders owning 3% or more for at least three years to nominate directors on a company's ballot, for up to 25% of the