Bankruptcy Blogs

Opinion in AgFeed USA – Another (Mostly) Successful Motion to Dismiss

02/20/16

On February 19, 2016, Judge Brendan L. Shannon of the Delaware Bankruptcy Court granted in part the motion of K. Ivan F. Gothner (the “Defendant”) to dismiss a complaint filed by JLL Consultants, the Liquidating Trustee (the “Trustee”) in the AgFeed bankruptcy.  The “Opinion” is available here.

[more]

Pari Passu Closing Ceremonies Quote Parade

02/19/16

Supplementing Mark's post, here are the many magic words, in order of their appearance in the Order ... reliving the saga like it was yesterday.

[more]

And... That's A Wrap. (Maybe?)

02/19/16

"Put simply, President Macri's election changed everything." So sayeth Judge Griesa, according to Bloomberg, which reports that he will lift the injunction once Argentina repeals laws blocking payment on defaulted debt.

[more]

Anxiety Over Living Will Grades Goes Beyond Banks

02/19/16

With the Federal Reserve and Federal Deposit Insurance Corp. poised to announce the results, it's not clear who should be the most nervous: banks, regulators or the American people.

[more]

Judge Orders 50 Cent to Bankruptcy Court Over Instagram Photos

02/19/16

setSandboxHeight = function(id, height) {
if ( height > 5000 ) return;
document.getElementById("ifrm_" + id).height = height+ "px";
}

A bankruptcy judge ordered rapper 50 Cent to come to her courtroom and explain several pictures posted on social media websites that show him playing with stacks of cash.

[more]

Next Week in Bankruptcy

02/19/16
A Caterpillar Inc. D10R Crawler Tractor bulldozer moves coal at an Alpha Natural Resources Inc. coal preparation plant in Logan County near Yolyn, W.Va., on Aug.
[more]

Pari Passu Endgames: Now With Even More Unequal Treatment!

02/19/16

The ending of the pari passu saga was destined to be somewhat messy, if only because it would force the court to confront the fundamental illogic of the injunction. If we accept that each holder of bonds untendered in the 2005 and 2010 exchanges has a contractual right to equal treatment, then any settlement with less than 100% participation can be blocked by holdouts, who are, after all, denied equal treatment when settling bondholders get paid. And there are further wrinkles.

[more]

Contrary to What Small Banks Think, Durbin Can Help Them

02/19/16

Not only does evidence point to small banks escaping interchange restrictions Â-- as Congress intended Â-- but there are also signs smaller institutions are gaining retail market share because of the exemption.

[more]

The Examiners: Claims Traders’ Motivations Irrelevant

02/19/16

Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?  

[more]

The Examiners: Long History Backs Up Role of Claims Trading in Bankruptcy

02/19/16

Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?  

[more]