Bankruptcy Blogs

Morning Scan: SEC Targets Diversity; Blaming the Fed

01/27/16

Receiving Wide Coverage ... AIG's Restructuring Examined: American Insurance Group released its plans Tuesday for a corporate restructuring aimed at appeasing restless investors, but already critics have begun to poke holes in the plan. The insurer plans to separate its company into nine units that can be spun off at any time. It plans an initial public offering for its mortgage insurance unit and decided to create a legacy portfolio for non-strategic assets in a mannerÂ...

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Interim CEO of Samson Resources to Depart in February

01/27/16

Samson Resources Corp.’s interim chief executive is stepping down next month, Daily Bankruptcy Review reports via The Wall Street Journal.

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We Can Reduce the GSEs' Risk Without Congress

01/26/16

In the absence of congressional action on housing finance reform, here is what the Federal Housing Finance Agency should do sooner rather than later.

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The Biggest Threat to Community Banks Is Thinking Small

01/26/16

Too many institutions focus on time-wasting tasks that divert their attention from how to stay relevant in a rapidly changing banking environment.

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Morning Scan: AIG Avoids Break-Up; JPM's $1.42B Lehman Settlement

01/26/16

Breaking News This Morning ...

JPMorgan Settles Lehman Claims: JPMorgan Chase & Co. will pay $1.42 billion in cash to the Lehman Brothers Holdings creditors, settling most of the remaining claims from the failed investment bank. In particular, the settlement relates to $6.3 billion of clearing-related claims and $2.3 billion of derivatives-related claims, two of the three major pieces of litigation pending between the two entities, the Financial Times noted. Lawyers for the estate of Lehman...

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Paper Company Verso Files for Chapter 11 Bankruptcy

01/26/16

Paper maker Verso Corp. filed for chapter 11 bankruptcy after skipping debt payments, battered by weakening demand. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Filing Proof Of Claim For Time Barred Debt Violates FDCPA, Says Eleventh Circuit, But They Leave An Escape Hatch.

01/25/16

fdcpa1In the last couple of years, claims against creditors for alleged violations of the Fair Debt Collection Practices Act (FDCPA) have become a hot item in Bankruptcy Courts.  One such question is whether the filing of a pr

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Morning Scan: Fed's Rate Hike Questioned; Banks Sever Ties with Mexico

01/25/16

Receiving Wide Coverage ...

Did the Fed Mess Up?: To put it mildly, it's been a rough few weeks for equity markets and the global economy. Slides in corporate profits, stocks, commodities and even industrial production have left some invoking the "R" word: recession. Others are kinder – merely arguing we're entering a bear market after a very extended bull run. But, as discussions of what caused the market and economic downturns stir, one common cause...

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Stop the Campaign to Demonize Leveraged Loans

01/25/16

Regulators and alarmists are targeting a key source of financing on which some of the best-known American companies rely.

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