Bankruptcy Blogs

The Daily Docket: Madoff Trustee Claws Back Another $500 Million

11/18/14

A new legal settlement will bring in nearly $500 million for Bernard Madoff ’s cheated investors, putting their total recovery to date above $10 billion. Read Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal.

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Morning Scan: FHA Returns to the Black; Civil Case Against Mozilo?

11/18/14

Receiving Wide Coverage ...

Housing Rebound?: The Wall Street Journal and Washington Post both have articles noting the significance of the Federal Housing Authority returning to the black for the first time since 2011. The FHA served as a backstop for the housing market during the financial crisis, when other lending sources dried up. But that resulted in a sharp increase in the FHA's default rate. Now the agency has recovered, at least in one sense....

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Crisis of the Week: Apple’s Response to GT Advanced

11/18/14

The crisis experts this week were tasked with parsing the statements made by Apple Inc. related to its court fight with GT Advanced Technologies Inc.

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When Not to File for Bankruptcy - 12 More Examples

11/18/14

chapter 7 and chapter 13 bankruptcy attorney11. Eviction - to buy a few more days  
1. Urban Legend - doing it inappropriately because "everybody at work did it"

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Unsecured Debt in Chapter 13: How Much Must You Pay?

11/17/14
The amount you are required to pay back to your general unsecured creditors in a Chapter 13 Bankruptcy Case depends on various factors.  It can range from only a few pennies on the dollar to a 100% of the debt.
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Unitek Global Services Files a Prepack Chapter 11 Bankruptcy in Delaware

11/17/14

Unitek Global Services, Inc. (“Unitek” or the “Debtor”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code on November 3, 2014 in the United States District Court for the District of Delaware.

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Probably No Strip-Offs After Supremes Rule

11/17/14

The headline for this post will be mysterious and perhaps slightly salacious in a general newsfeed, but bankruptcy experts will know it means the time is nigh in the 11th Circuit for lien strip-offs. The Supreme Court agreed to hear Bank of America v. Caulkett and Bank of America v. Toledo-Cardona, where the 11th Circuit allowed lien strip-offs of wholly underwater junior  mortgages in a chapter 7. The Supreme Court case of Dewsnup v.

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Why Treasury Debt Matters More Than the End of QE

11/17/14

Quantitative easing hasn't led to severe price inflation as critics feared Â-- but the large quantity of Treasury debt might.

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Go Digital, But Don't Forget Banking's Human Factor

11/17/14

Banks needs to deeply understand the needs of their customers before they start rolling out ambitious high-tech plans.

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