ABI Blog Exchange

A Breakdown of the Bankruptcy Petition

A Breakdown of the Bankruptcy Petition What is a bankruptcy petition, exactly? Find out from noted Philadelphia bankruptcy attorney David M. Offen what a bankruptcy petition is and how it works in the bankruptcy process. If you are researching

Purdue Pharma: Even to Save a $4 Billion Deal, A Bankruptcy Court Cannot Approve a Chapter 11 Plan That Forces Dissenting Creditors to Release Non-Debtors

By Jeffrey C. Toole, Esq. Bankruptcy Partner Cleveland Office On December 16, 2021, Judge Colleen McMahon of the United States District Court for the Southern District of New York sent … The post Purdue Pharma: Even to Save a $4 Billion Deal, A

Biden picks Raskin as Fed’s bank regulator, rounds out board

Citi to sell Southeast Asian units to UOB Group for $3.6 billion

Diane’s steady hand, expertise and cool head, got us on the right track

“Diane’s steady hand, expertise and cool head, got us on the right track.” P.R. Our lives were spinning out of control. We were trying all kinds of “quick fix” gimmicks to get our finances in order following employment challenges and being small

Diane and Jay are caring professionals providing exemplary representation

“ I found the Law Office of D.L. Drain to be caring professionals providing exemplary representation…” R.B. Disability and subsequent early retirement caused a growing realization of the need to pursue bankruptcy. I started the process of selecting

Navient to pay $1.85 billion to settle deceptive lending charges

Brainard stops short of endorsing climate stress tests for banks

FTC settles with Dun & Bradstreet over business credit reporting errors

The District Credit Union in Colorado names new CEO

Largest seller of stolen credit cards on dark web shuts down

Neobanks say they're unfazed by old guard’s overdraft moves

Bank economists see ‘blue skies’ on other side of omicron

Arbitrate? You Can’t Make Me! Rejection Trumps Arbitration, Says Texas Bankruptcy Court

Overview In a recent decision, In re Highland Cap. Mgmt., L.P.,1 Judge Stacey G. Jernigan of the Bankruptcy Court of the Northern District of Texas (the “Court”) held that a debtor’s rejection of an executory contract with an arbitration clause

'CashPlease': Small bank debuts alternative to payday loans

Visa and Mastercard's pitch to banks: Let's collaborate on CBDCs

Mediation Order in Purdue Pharma Bankruptcy: Managing A Tension

By: Donald L Swanson On January 3, 2022, Reuters reports, under the heading “ Judge orders mediation for Purdue, Sacklers over opioid settlement,” as follows: A U.S. bankruptcy judge orders mediation in the Purdue Pharma bankruptcy [fn. 1], calling

The Blurring of Tech and Finance

I have an op-ed in ProMarkets about how Apple leverages control of the iPhone's NFC chip to push the dominance of its platform into new areas that let it hoover up more consumer data. The NFC (near field communication) chip is what lets the iPhone do

A Better Way to Deal with Student Loan Debt

My Georgetown colleague Jake Brooks and I have an op-ed in Politico about the best way to address the student loan debt problem. We argue that existing proposals for outright student debt relief, whether $10k, $50k, or everything, are problematic, at

CFPB likely to punt data-sharing rule into 2023