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

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King of Orange County Real Estate Files for Bankruptcy

Not so long ago, John McMonigle ruled the real estate world in Orange County and was Orange County’s top real estate agent, claiming $2.1 billion in home sales over a five-year period. Now he’s broke and has filed for bankruptcy. According to his

Six Reasons Why Sheila Bair Should Be the Next Treasury Secretary

The atmosphere in D.C. is hyper-partisan, a presidential election is looming and the economy is barely limping along. We need someone who has credibility with both political parties, experience working in a crisis situation, and the ability to get

No, Banks Aren't 'Sheltered and Subsidized'

The size of JPM's derivatives book reflects the preferences of counterparties and its own risk management policies. It has nothing with deposit insurance or being too big to fail.

The Daily Docket: Former Taylor Bean Leader Gets 30 Years

A federal judge on Thursday sentenced former Taylor, Bean & Whitaker Mortgage Corp. Chairman Lee Farkas to 30 years in prison for running a multibillion-dollar fraud scheme that led to the collapse of the mortgage lender and a major bank. Read the

BANKRUPTCY BEACH READING:Letters From the Bench

It’s no secret. Sometimes the law is boring and legal writing is, well, to put it kindly, less than scintillating, and to put it accurately, turgid. The law, as documented in briefs, contracts, treatises, articles, and judicial opinions is rarely

Soap Opera Star Files for Bankruptcy Protection in Nevada

Actress Hunter Tylo, who plays Dr. Taylor Hayes on the daytime CBS series “The Bold and the Beautiful.” filed for Chapter 7 bankruptcy protection on Thursday after a series of personal setbacks. Her initial bankruptcy filing, filed by a...

Soap Opera Star Files for Bankruptcy Protection in Nevada

Actress Hunter Tylo, who plays Dr. Taylor Hayes on the daytime CBS series “The Bold and the Beautiful.” filed for Chapter 7 bankruptcy protection on Thursday after a series of personal setbacks. Her initial bankruptcy filing, filed by a...

Legislation proposed in response to the Madoff liquidation pending in the U.S.

On February 17, 2011, the Equitable Treatment of Investors Act was introduced. It has since been referred to the House Subcommittee on Capital Markets and Government Sponsored Enterprises. A summary of the legislation from www.govtrack.us and a copy

Higher Capital Requirements for Community Bankers Inevitable

It's hard to imagine that new systemic capital requirements for large banks will not raise the expectations for community banks.

Couple Asks Ninth Circuit to Rule on Gay-Marriage Ban

Just days after the Justice Department filed an appeal of a ruling declaring the federal ban on gay marriage unconstitutional, lawyers for a same-sex couple at the center of a bankruptcy dispute upped the ante by asking the Ninth U.S. Circuit Court