Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

How to get the best price on a used-car trade-in

Now is a great time to trade in a used car. Do your research to sidestep the dealer's tricks.

Does Fannie Have No Heart?

Watching Louis Davidson's eviction it became clear to me that nobody in the beltway mansion that Fannie calls home had any sort of compassion for what a homeowner halfway across the country was going through.

G20 Starts Laying a Foundation to Track Systemic Risk

In June the G20 will be figuring out the nuts and bolts of a standard global identification system for financial transactions: who administers it, how it is defined and how it is implemented.

Does this Look like a Valid Credit Card?

I thought so. This is actually the key to my room from a recent business trip. I guess the symbolism is that this is also the key to life, right? It is also another example of how credit card comanies have inflitrated college campuses.

Throwing Money (Literally) Down the Sewer - Jefferson County and Warrant Holders Square Off on Sewer System Operating Expenses

U.S. Bankruptcy Court Judge Thomas Bennett last month upheld the Chapter 9 bankruptcy filing of Jefferson County, Alabama, the largest municipal bankruptcy case in history. As has been widely reported, the County’s financial woes were precipitated by

Champ d’Or Mansion in Denton County, Texas Auctioned Off, SOLD!

I have been on pins and needles waiting out this auction, bugging Robbie Briggs and Laura Brady at Concierge Actions all day yesterday. At about eight p.m. Friday night Robbie Briggs emailed me that “It was a fascinating process, and it appears to be

Does an Insider Lender Have a Fiduciary Duty to Preserve Litigation Rights Against Itself?

When a borrower has deleveraged its balance sheet, distressed investors that received both new loans and enough shares to designate a director of, or otherwise exercise control over, the borrower can find themselves in the uncomfortable role of

Newt Gingrich’s Health-Care Consulting Group Files for Chapter 7

Associated Press Newt Gingrich A consulting group started by Newt Gingrich has found itself in more trouble than the former House Speaker’s presidential campaign, filing for Chapter 7 bankruptcy protection on Thursday. The Gingrich Group, doing

SEC Sues to Clawback Compensation of Executives

Yesterday, the SEC sued two former executives of Arthrocare Corporation, a manufacturer of medical devices, to recover bonuses and stock profits they had received after the company had filed false financial statements. In doing so, the SEC continued

SEC Sues to Clawback Compensation of Executives

Yesterday, the SEC sued two former executives of Arthrocare Corporation, a manufacturer of medical devices, to recover bonuses and stock profits they had received after the company had filed false financial statements. In doing so, the SEC continued

Cash as social infrastructure

Sticker in San Francisco: "Of course it's cash-only, it's the Mission." Overheard: "Oooh, yeah, no, we don't take cards. Because the coffee is, like, local?" (both items courtesy Lana Swartz) The word “cash” derives from Latinate words referring to

Downward Bankruptcy Filing Trend Continues

Bankruptcy filings for March continued to show a year-over-year decline. According to the latest release from Epiq Systems, there were an average of 5,550 daily bankruptcy filings in March, which represented a 12.8% decline from the same time last

Turnaround Getting Hot in Brazil

While not necessarily predicting a bust to Brazil’s boom, a budding group of turnaround professionals in the South American nation are getting ready for what they see as an inevitable shakeup. An abundant supply of credit over the past decade, a loss

Supreme Court Holds Equitable Tolling Applies To 1934 Act §16(b) Claims – For Now

In Credit Suisse Securities (USA) LLC, et al. v. Simmonds, the Supreme Court held, at least for now, that equitable tolling principles apply to claims asserted under §16(b) of the Securities and Exchange Act of 1934. In doing so, the Court reversed

Systemically Important in Three Easy Steps? FSOC Approves Final Rule for Nonbank SIFI Designations

On April 3, 2012, the Financial Stability Oversight Council (“FSOC”) voted to approve its long-awaited Final Rule implementing Section 113 of the Dodd-Frank Act, the controversial provision that directs the federal government to identify systemically

Fifth Circuit Tackles Judicial Estoppel Yet Again Resulting in a Split Decision

Failure to schedule causes of action appears to be an endemic problem as shown by the fact that the Fifth Circuit has been asked to apply judicial estoppel to a bankruptcy case once again. However, the latest decision, Love v. Tyson Foods, Inc., No

SEC Sues to Clawback Compensation of Executives

Yesterday, the SEC sued two former executives of Arthrocare Corporation, a manufacturer of medical devices, to recover bonuses and stock profits they had received after the company had filed false financial statements. In doing so, the SEC continued

SEC Sues to Clawback Compensation of Executives

Yesterday, the SEC sued two former executives of Arthrocare Corporation, a manufacturer of medical devices, to recover bonuses and stock profits they had received after the company had filed false financial statements. In doing so, the SEC continued

The Daily Docket: Creditors Question Hostess Pay

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep”

Bankruptcy Basics: What Property Can You Keep After Bankruptcy?

You’re afraid of filing for bankruptcy because you believe that you won’t be able to keep all of your property after bankruptcy or so you have heard. You are terrified that as soon as you submit that paperwork, you’ll discover that your home, car