Bankruptcy Blogs

Nortel Survives (First?) Appeal -- Canadian Edition

05/07/16

Unlike the bankruptcy judges in Nortel, who synchronized their trials in a landmark case of cross-border insolvency cooperation, the appellate judges run at their own speed, so results will trickle in here and there.

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In Wake of Panama Papers Scandal Obama Calls for Stricter Bank Regulations, Tax Rules

05/06/16

In a news conference today President Obama addressed rules and proposed regulations announced Thursday intended to help the U.S.

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Flashback: The First Time Banks Faced a Clinton Presidency

05/06/16

Nearly a quarter-century before his wife was on the verge of winning a presidential nomination, then-Democratic candidate Bill Clinton was seen as supporting "true nationwide banking," though some worried he would also expand the Community Reinvestment Act.

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Next Week in Bankruptcy

05/06/16

Colorado gold miner Midway Gold Corp. could get the court approval it needs to sell most of its properties out of bankruptcy to GRP Minerals LLC at a hearing scheduled for Monday.

Judge Michael E. Romero is expected to review GRP Minerals’ purchase offer—the only one of its value to come in before the company’s bankruptcy auction—for its Pan mine in Nevada and several other properties.

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What Can You Do About a Judgment Lien from an Out-of-Business Creditor

05/06/16

What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business?

Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors on thousands of credit reports.  In many cases, you may have legitimate grounds to challenge these judgments:

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How Medieval Monks Changed the Face of Banking

05/06/16

Banking is often seen as a quintessentially modern institution. But financial practices are deeply rooted in the medieval period.

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Morning Scan: CFPB Arbitration Plan May Face Legal Challenge; Bitcoin 'Creator' Bows Out

05/06/16

Receiving Wide Coverage ...

Reaction: The reaction to the Consumer Financial Protection Bureau's proposal to prevent banks from using mandatory arbitration to block class-action lawsuits was swift and, for the most part, predictable. Not surprisingly, the financial industry (and Rep. Jeb Hensarling, R-Texas) blasted it.

"Consumers will get less and pay more," the American Bankers Association's president, Rob Nichols, said. ...

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Nortel Bondholders Rebuffed in Court

05/06/16

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Women in Banking: Krawcheck on Third-Act Careers, Alemany on CIT's New Focus

05/05/16

Ellen Alemany stays the course on CIT's turnaround strategy; Robin Rankin of Credit Suisse talks about when investment banks should re-enter emerging markets; and Sallie Krawcheck talks about the opportunity for career women to become entrepreneurs.

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Trump: Puerto Rico Needs to Write Down Debt

05/05/16

The push to empower the territory of Puerto Rico to write down its debts–something supported by the Obama administration, the island’s government, and some Republican leaders in Congress–appeared to gain backing Wednesday from Donald Trump, the likely Republican presidential nominee.

“The problem with Puerto Rico—there’s far, far, far too much debt,” Mr. Trump said in an interview with CNN. “Don’t forget: I’m the king of debt. I love debt… I understand that stuff better than anyone else.”

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