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

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Bankruptcy Tweets for September 2011 - Part II

Below are my final -- bankruptcy case tweets of September 2011 and -- other tweets of general interest. RSS Feeds are also available. All my twitter posts are here (twitter) or here (blog). Twitter doesn't seem very Google-friendly so it appears the


Bankruptcy Tweets for August 2011 - Part III

Below are my last 51 bankruptcy case tweets of August 2011 and 6 other tweets of general interest since my last post of August 25. RSS Feeds are also available. All my twitter posts are here (twitter) or here (blog). Twitter doesn't seem very Google

Rent or buy? Don't call the answer a no-brainer

Forget rules of thumb. Sometimes it makes more financial sense to rent than to buy a home.

Dallas Stars win OK for bankruptcy plan, team sale

"The Dallas Stars hockey team won court approval of its bankruptcy reorganization, clearing the way for the team to be sold for $265 million to Vancouver businessman Tom Gaglardi. U.S. Bankruptcy Judge Peter Walsh approved the plan at a hearing...

Fox seeks immediate dismissal of Dodgers from bankruptcy

"Fox Sports on Friday asked that the Dodgers be discharged from bankruptcy immediately, saying that owner Frank McCourt need not pursue a plan to market the team's television rights because he can repay his creditors in full now by selling...

Bankrupt flywheel maker Beacon to sell plant to pay back DOE

"Beacon Power, the flywheel maker that filed for bankruptcy last month after winning a $43 million loan guarantee from the Department of Energy, announced on Saturday that it plans to sell its 20 MW flywheel plant in Stephentown, New York,...

What Interest Rates Will I Pay on Secured Loans in a Chapter 13 Bankruptcy?

For some time, it was unclear what should be the appropriate rate of interest on secured loans on personal property(cars, furniture, etc.) paid through a Chapter 13 Bankruptcy Plan. In 2004, however, the Supreme Court settled the issue and determined

Soured on Saurman

Elected justice moves swiftly. The Michigan Supreme Court handed down its opinion in Residential Funding Co. v. Saurman on Wednesday, a couple of weeks after oral argument. They were in a rush to get the opinion out, it seems. Unfortunately, it's a

The Heirs of Karl Lleywellyn: the PEB Report, Green Cheese, and the Hijacking of American Law (Part III)

As I noted in the previous posts on this thread ( here and here), I think the Permanent Editorial Board for the UCC's report on the enforceability of mortgage notes is simply irrelevant because it deals with negotiable notes, and virtually all

The Heirs of Karl Lleywellyn: the PEB Report, Green Cheese, and the Hijacking of American Law (Part II)

Why the PEB Report? What motivated the Permanent Editorial Board for the Uniform Commercial Code to issue its ridiculous report on the enforceability of negotiable mortgage notes (discussed in the previous post in some detail) when virtually no

The Heirs of Karl Lleywellyn: the PEB Report, Green Cheese, and the Hijacking of American Law (Part I)

This last week the Permanent Editorial Board of the Uniform Commercial Code came out with a report bering the none-too-thrilling title of " Report on Application of the Uniform Commercial Code to Selected Issues Related to Mortgage Notes". There's an

Mrs. Fields Baking Up Restructuring

Cookie maker Mrs. Fields is working to cook up a restructuring deal to avoid its second bankruptcy, Bloomberg reported Friday. Mrs. Fields Famous Brands LLC would hand over control to such creditors as Carlyle Group LP and Z Capital Partners LLC

Changing Times Call for New Ways to Assess Bank Credit

S&P is placing greater emphasis on the country where a bank operates. We believe capital is at most neutral to a slight weakness for the ratings in the U.S. and Europe.

Zoo: Festival of Flight Tweet-Up

Once again, Twitter followers of the San Diego Zoo and Safari Park were treated to a unique backstage experience. The tweet-up was part of the larger Festival of Flight event that took place over Veteran’s Day weekend. It included interactive

First Two Proxy Access Proposals Arrive

Last week, the U.S. Proxy Exchange, an organization supporting retail shareholder activists, released its Model Proxy Access Proposal. According to an ISS blog, two proxy access proposals which closely resemble the U.S. Proxy Exchange’s model

First Two Proxy Access Proposals Arrive

Last week, the U.S. Proxy Exchange, an organization supporting retail shareholder activists, released its Model Proxy Access Proposal. According to an ISS blog, two proxy access proposals which closely resemble the U.S. Proxy Exchange’s model

Don't Be So Quick to Scrap the GSEs

Congressman Garrett, in introducing his new bill, apparently wants the same private sector that pumped air into the housing bubble to reemerge as the primary source of secondary-mortgage financing.

FCA Action Against Allied Home Mortgage Over HUD Statements

We previously posted about the government’s False Claims Act (“FCA”) action against Deutsche Bank and Mortgage IT. The Manhattan U.S. Attorney now has another mortgage lender in his sights. On November 1, 2011, the Manhattan U.S. Attorney, Preet

CFPB Acts as If It's Doing Banks a Favor

Shouldn't it be a given that an agency staffed with green examiners and tasked with enforcing new rules will communicate with banks before slapping them with regulatory orders?

Changes with the Bankruptcy Abuse Reform Act

The Bankruptcy Abuse Reform Act of 2005 was designed to change the bankruptcy in the United States to prevent abuse. To do this they implemented several changes which each person has to comply with in order to complete bankruptcy. Within 180 days