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

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The Daily Docket: Bankruptcy Judge Weighs WaMu Plan Arguments

A bankruptcy judge indicated Wednesday that creditors may not have to wait long to find out whether she will confirm Washington Mutual Inc.’s $7 billion Chapter 11 plan. Read the Daily Bankruptcy Review story here. Premier Trailer Leasing Inc. filed

Capital Markets Heading Where? Comments From the BisNow Dallas Capital Markets Summit

Yesterday, I attended the BisNow Dallas Capital Markets Summit. My partner Chris Nixon chaired the debt panel in front of a crowed that looked to be 400+. The room was packed (forcing the hotel staff to bring in extra chairs). The focus was on "where

Refinancing Malarkey

It looks like the Obama Administration is about to endorse some version of the Hubbard-Mayer plan of letting everyone (or at least everyone with an agency mortgage) refinance at today's low rates, regardless of whether they are delinquent or


Bankruptcy Tweets for August 2011 - Part I

Still catching up... Below are my first 24 bankruptcy case tweets of August 2011 and one other tweet of general interest since my last post of August 21. RSS Feeds are also available. All my twitter posts are here (twitter) or here (blog). The chart

Defies Credulity Eupdate

The last big fix to the European debt crisis, quietly unraveling since its announcement on July 21, is loudly imploding over collateral. Turns out that Finland, representing less than 2% of the Eurozone package and 37.876% of the political noise

Foreclosed Homes Bulldozed by Bank Of America, Wells Fargo, and Chase

Stephen Gandel, senior writer over at Time Magazine, discussed the recent news from Bank of America of BOA’s plans to donate lots after bulldozing 100 foreclosed Cleveland homes. The lots will be donated to local government authorities. That donation

Split monthly mortgage payment saves money?

If you want to save on mortgage interest, here's the best way to do it.

5 celebrity neighborhoods

Want celebrity neighbors? Then live in their neighborhoods, but keep in mind fame doesn't come cheap.

Car loan debt stays with owner upon death

Refinancing your car into your own name could protect a spouse in the event of your death.

Mortgage rates reach record low

The 30-year, fixed-rate mortgage falls to a record low. It's a good time to refinance.

Getting (tax) credit for college expenses

Use the American opportunity credit to help pay college costs, including tools required for school.

8 steps to rid credit report of old debt

When debt remains on your credit report past its expiration date, get it removed.

FINANCIAL LAWYERS CONFERENCE

Stern v Marshall: Anna Nicole, Stripped of Legacy, Forces Bankruptcy System to Rerun Marathon Thursday, October 6, 2011 The panelists will explore the interpretations and implications of the Supreme Court's opinion in Stern v. Marshall, undoubtedly

Law Firms as Debtors-in-Possession: Lessons and Cautionary Tales

Los Angeles Bankruptcy Forum Presents its September 19, 2011 Program The Program will address issues that arise upon a law firm's insolvency. Panel members have served as Trustee, Creditors Committee counsel, Debtor's counsel, and special litigation

Judge: Borders Pay Adviser Didn’t Violate Fee Rules

EPA/Matt Campbell A bankruptcy judge ruled that Mercer Inc., a consulting firm employed to advise Borders Group Inc. on employee compensation, didn’t violate fee rules by passing along its own attorney bills to the now-failed bookseller’s Chapter 11

Mets' Owners Swing for the Fences Against Madoff Trustee

Fred Wilpon, Saul Katz, and their families and affiliated enterprises (the “Wilpon/Katz Group”) last week formally requested the dismissal of the adversary proceeding commenced by Irving Picard, the trustee of Bernard L. Madoff Investment Securities

Custodian Banks, Brace for Pension Client Revolt Over Overcharges

Global custodians have spent decades using bundled fees to mask egregious conflicts of interest and overcharge pension funds, and by extension the taxpayers and public servants who underwrite them.

'Shared Delusions' Run Deep with Risks

Andrew Kahr's "Systemic Risk Is About Assets, Not Size" rightly focuses on bubble-inflating movements in the aggregate balance sheet of the financial sector. We should expand on three of his points.

Gold-Coin Dealer Enters Bankruptcy

Associated Press A little short on change and customer promises, Minnesota coin dealer International Rarities Corp. turned to bankruptcy. The Minneapolis firm filed for Chapter 11 protection Friday with a debt load of about $3 million—roughly twice

FDIC Approves Final Rule on Dodd-Frank’s Orderly Liquidation Authority

As previously reported by Weil’s Financial Regulatory Reform Center, the FDIC’s Board of Directors met on July 6, 2011 to discuss a number of different topics and rulemakings. Notably, at this meeting, the FDIC approved a final rule, codified as 12 C