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

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Federal Government Sues Major American Banks over Mortgage-Backed Securities

On September 2, the Federal Housing and Finance Authority (FHFA) sued 17 companies over sales of toxic mortgage-backed securities to Fannie Mae and Freddie Mac. Among those named in the suit were many of the country’s largest banks, including Bank of

The Latest on Colonial Bancorp

The Colonial Bancorp chapter 11 case has been closely watched because it involves a number of key issues at the intersection of the banking laws and the bankruptcy laws. This post discusses the latest developments in this contentious case, which

Foolishness And Fraud Not Interchangeable In Bankruptcy

Debtors who have incurred debt because of foolish financial decisions will not be denied a bankruptcy discharge. However, debtors engaged in fraud can find that their bankruptcy discharge is denied. But how can the court tell the difference between

Bankruptcy Is About Tough Decisions.

Bankruptcy is about making tough decisions. If it was easy than everyone would do it and the law itself probably would not be effective. Bankruptcy is a give and take system. You what to take a discharge of your debt from creditors but in return you


Assignments of Trademarks in Bankruptcy - Judge Posner and 7th Circuit Provide Answer

The Seventh Circuit Court of Appeals has issued the first published Circuit Court opinion on the question of whether trademarks are assignable in a Bankruptcy case. The opinion, authored by Judge Posner, is in the case of In re XMH Corp., Nos. 10

The Daily Docket: Saab Files for Bankruptcy Protection in Sweden

Saab Automobile AB Wednesday filed for protection from its creditors in Sweden, in a move that buys time for the car maker to secure additional short-term funding to restart production, reports The Wall Street Journal. SunCal says one of its Los

SEC Declines to Seek Rehearing on Proxy Access but Allows Related Rule 14a-8 Amendment to Become Effective

The SEC issued a press release today confirming that it is not seeking rehearing of the court decision to vacate the proxy access rule it had adopted, Rule 14a-11. Of particular interest is the last paragraph of the release, indicating that the

SEC Declines to Seek Rehearing on Proxy Access but Allows Related Rule 14a-8 Amendment to Become Effective

The SEC issued a press release today confirming that it is not seeking rehearing of the court decision to vacate the proxy access rule it had adopted, Rule 14a-11. Of particular interest is the last paragraph of the release, indicating that the

The Freddie Mac Gnomes Didn't Know?

It is hard to believe from what's been disclosed in the subprime aftermath that Fannie and Freddie executives didn't know a lot more about the risks than the FHFA court filings indicate.

Kris Jenner: 'It's important to save for the future'

The Kardashian mom has always been a hard worker and taught her large brood the same.

5 tips to stage your home like a pro

Selling a home nowadays, you face serious competition. Get ahead with these staging ideas.

SEC Declines to Seek Rehearing on Proxy Access but Allows Related Rule 14a-8 Amendment to Become Effective

The SEC issued a press release today confirming that it is not seeking rehearing of the court decision to vacate the proxy access rule it had adopted, Rule 14a-11. Of particular interest is the last paragraph of the release, indicating that the

Mortgage rate chasing, a fool's game

Sure, you might save a fraction of a percent, but you have to start the loan process over.

SEC Declines to Seek Rehearing on Proxy Access but Allows Related Rule 14a-8 Amendment to Become Effective

The SEC issued a press release today confirming that it is not seeking rehearing of the court decision to vacate the proxy access rule it had adopted, Rule 14a-11. Of particular interest is the last paragraph of the release, indicating that the

Solyndra Files Bankruptcy in Delaware After Shutting Down Operations

Introduction Yesterday, Solyndra LLC, a California-based manufacturer of solar cells, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Less than one month ago, another solar cell

Civility in litigation

From: Ayer, John Sender: Bankruptcy law discussion list To: BANKR-L@LISTSERV.ILLINOIS.EDU ReplyTo: Ayer, John Subject: FW: Civility in litigation. Sent: Sep 6, 2011 1:42 PM Students of civility in litigation may want to consider a fascinating blog

Borders Seeks Six-Figure Payments for Ex-CEO, Others

Getty Images On the same day Borders Group Inc.’s rank-and-file employees sued over not receiving proper notice of their terminations, the failed bookseller asked to make six-figure payments to its former top executives, including Chief Executive

Some Thoughts on Chapter 11 Venue

So Adam has come out in support of HR 2533, a bill which would force corporations to file in the jurisdiciton of their corporate headquarters. Just to lay my cards on the table, I generally think that we (the chapter 11 community) waste a lot of time

'Procedures Matter' in Foreclosure; Do Outcomes Matter More?

Is it worth delaying a bottoming-out of the housing market, and allowing some delinquent borrowers to freeload for a time, in order to prevent the rare but documented instances of someone being wrongly foreclosed on?

Defunct Law Firm Sues Toy Maker Wham-O

Don’t underestimate the maker of the Slip ‘N Slide. It may seem like it would be all fun and games to represent Wham-O Inc., the Emeryville, Calif., manufacturer of some of your favorite childhood toys, including the Hula Hoop, the Hacky Sack, the