Bankruptcy Blogs

Restricting FHLB Membership Would Hurt My Pennsylvania Coal Town

12/22/14

A proposal to tighten membership requirements for Federal Home Loan Banks could hamper community lenders' ability to assist in affordable housing and community development programs.

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The Daily Docket: Highland Capital Wins $40 Million in Suit Against Credit Suisse

12/22/14

A Texas jury on Friday awarded hedge-fund firm Highland Capital Management $40 million in its lawsuit against Credit Suisse over inflated appraisals of a dozen luxury properties such as golf communities and ski resorts during the mid-2000s. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Low Oil Prices May Prove Costly for Community Banks

12/22/14

Some community banks have entered into the booming energy market without taking the necessary precautions, making them vulnerable to a downturn in oil prices.

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Morning Scan: Volcker Lashes Out; Erbey to Be Forced Out as Ocwen Chair

12/22/14

Receiving Wide Coverage ...

'Eternal' Lobbying: Banks got a big win on Thursday when the Fed agreed to delay a part of the Volcker Rule. And former Fed Chair Paul Volcker was none too pleased. In a statement distributed on Friday, Volcker criticized banks for their "eternal" lobbying to avoid having to comply with the rule. "It is striking, that the world's leading investment bankers, noted for their cleverness and agility in advising clients on how...

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Conex Bankruptcy – Summary Judgment in a Preference Action

12/21/14

In an 18 page opinion released December 18, 2014 in the Conex Holdings bankruptcy (Bank. D. Del.

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Court Rejects Trustee's Unique Homestead Attack

12/19/14
Some of the recent decisions on Texas homesteads coming out of the courts have people wondering just what John Wayne fought and died for at the Alamo.   The sanctity of the homestead along with the prohibition against garnishment of wages are two of the pillars upon which this State was founded.  While the news for Texas debtors has generally been depressing, Texas Bankruptcy Judge Tony Davis rejected a creative argument from an aggressive trustee in the case of In re Parsons, No. 12-12649 (Bankr. W.D. Tex.
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THQ Inc. Preference Actions Filed

12/19/14

From December 17-19, 2014, THQ Inc. filed approximately 78 preference complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, and to disallow claims of the defendants pursuant to Section 502(d).

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Weekly Wrap: Will Wall Street Regret Its Budget-Bill Coup?

12/19/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Enforcement of Mortgage Note Barred, But Mortgage Lien Remains

12/19/14

On December 17, 2014, the Florida Third District Court of Appeals issued its decision on a very important foreclosure issue in the case of Deutsche Bank Trust Company Americas, etc. v. Harry Beauvais, et al., Case No. 3D14-575.  In this case, the Court held that the enforcement of the mortgage note was barred by the statute of limitations but the mortgage lien is not null and void as its validity is governed by the separate statute of repose.

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