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

Bankruptcy and Covid-19: Why are Filings Down?

Typically, an economic crisis in the U.S. is accompanied by an increase in bankruptcy filings. During the Great Recession, the upward trend of bankruptcy filings tracked closely with the increase in unemployment. Based on historical trends, a new

Paul Sarbanes, U.S. senator who co-wrote anti-fraud law, dies at 87

The Maryland Democrat served five terms in the U.S. Senate, a 30-year tenure in which he was chairman of the Senate Banking Committee when it responded to a rash of accounting scandals. He didn’t seek a sixth term and retired on Jan. 3, 2007.

Waters calls on Biden to reverse Trump's deregulatory actions

House Financial Services Committee Chairwoman Maxine Waters urged the incoming administration to overhaul policies on payday lending and the Community Reinvestment Act and make personnel changes at two agencies.

Clutch Ranks Bob Gold & Associates a 2020 Leading Business Services Company for 2020

In May 2020, Bob Gold & Associates expanded its business service offerings like many other organizations during this year of turmoil to ensure our marketing and PR clients were getting the support they need during these unprecedented times. With our

Here's how Biden administration could tackle economic inequality

Financial disparities have only worsened during the coronavirus pandemic. President-elect Biden’s team could address this issue by establishing an office of economic equality under the Financial Stability Oversight Council.

New Chapter 11 Filing – CSI Technologies, LLC

On December 7, 2020, CSI Technologies, LLC, an affiliate of lead-debtor Superior Energy Services, Inc., a provider of specialized oilfield services and equipment, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy

New Chapter 11 Filing – CSI Technologies, LLC

On December 7, 2020, CSI Technologies, LLC, an affiliate of lead-debtor Superior Energy Services, Inc., a provider of specialized oilfield services and equipment, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy

A race against the clock to extend credit unions' liquidity backstop

Thousands of institutions could lose a safety net on New Year's Day if Congress fails to act before leaving for the holidays.

Restructuring Support Agreements and the "Proceduralist Inversion"

I'm usually fussing about bank regulation issues here on the Slips, but I do try to make time for my first love, business bankruptcy. Ted Janger and I have a short piece about restructuring support agreements out in the Yale Law Journal's on-line

Figure's National Banking Charter Application: Illegal and Bad Policy

It's not every day that I write a letter in opposition to the issuance of a bank charter. But that's what I just did. Here is my comment letter to the Office of the Comptroller of the Currency in opposition to the charter application for Figure

IMPORTANT LIBOR UPDATE - Certain Transition Dates Extended to 2023

On November 30, 2020, the Board of Governors of the Federal Reserve System, the OCC, and the FDIC released a statement that details the projected timeline of the transition away from the U.S. Dollar London Interbank Offered Rate (“LIBOR”). The

In Georgia Senate runoffs, banks go all in for Republicans

Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.

Purdue's Poison Pill and the Broken Chapter 11 System

Jonathan Lipson and Gerald Posner have an important op-ed about the Purdue bankruptcy in the NYT and how the DOJ settlement with Purdue is likely to benefit the Sacklers. What's going on in Purdue is troubling, but not just for its own facts. Purdue

Chapter 7 Trustee Jason Gold

Chapter 7 Trustee Jason Gold Jason Gold is one of the four Chapter 7 trustees in the Alexandria Virginia Bankruptcy court. When you file a bankruptcy case in Alexandria, the computer assigns you to one of the four trustees. Being a Chapter 7 Trustee

Six Rotten Excuses Not To File Bankruptcy

I am not a bankruptcy attorney. I never have been. I am a mortgage law attorney. But in the current financial climate, I see clients in my office daily who desperately need to file bankruptcy…And they won’t. The reasons they give, and the parade of

All I Want For Christmas Is A New Year And A Fresh Start

The best gift you can give yourself for Christmas may be a fresh financial start by filing bankruptcy. 2020 has been rough. Jobs lost, small businesses devastated, people isolated, schools closed, and neighbors dying. Even if you headed into the

LendUp overcharged military borrowers, CFPB says in lawsuit

The Consumer Financial Protection Bureau alleges that the online lender made loans that exceeded a federal cap on interest rates for active-duty service members.

PNC's tech plans, PPP questionnaire, HSBC's branch appeal: Top stories of the week

What PNC has in mind for BBVA's technology; banks and borrowers bristle at SBA questionnaire on large PPP loans; a look at who might be buying if HSBC decides to sell its branches; and more from this week's most-read stories.

Digital mortgage firm Beeline hiring, adding new technology

The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.

The Taskforce on Scaling Voluntary Carbon Markets – An Introduction

In September 2020, the Institute of International Finance (IIF), the global financial services industry association, convened the Taskforce on Scaling Voluntary Carbon Markets. The Taskforce is working to scale a voluntary carbon market which would