Bankruptcy Blogs

The Daily Docket: Apple Supplier GT Advanced Plans to Wind Down Sapphire Business

10/10/14

Apple Inc . supplier GT Advanced Technologies Inc. plans to exit the business of manufacturing sapphire after a failed effort to produce material for Apple’s smartphone screens. Read the Daily Bankruptcy Review story in the Wall Street Journal.

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NCBJ 2014: Chapter 9, Closely Held Businesses, e-Discovery, Claims Buying and Sale Free and Clear of Interests

10/10/14
NCBJ is in Chicago this year.   The weather is pleasantly cool compared to the continuing Austin heat and the first day of CLE had some interesting programs.   Here is a wrap of Day 1, which included Chapter 9, reorganization for closely held companies, e-discovery, an economist from the Chicago Fed, claims trading and treatment of "interests" in section 363 sales.     I will divide the day between separate posts on the educational seminars and the economist's prognostications.
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Free Budgeting Resources to Help You Recover from Bankruptcy

10/09/14

post bankruptcy family budgetOne of the issues that many of my bankruptcy clients have in common has to do with lack of budgeting. Most of us have a general idea about our income and expenses but very few people sit down and write out a formal budget.

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Great Northern Paper Bankruptcy an Issue in Maine’s Race for Governor

10/09/14
The paper mill in Millinocket, Maine, which closed in 2008.
Associated Press

The closure of Great Northern Paper Co.’s paper mill in Maine and subsequent b

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The Examiners: Prepa Restructuring Depends on Energy Alternatives

10/09/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

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The Examiners: Prepa Restructuring Features Usual, Unusual Challenges

10/09/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

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Why Regulatory Gripes Can Be Bad for Business

10/09/14

Bankers should temper their criticism of new regulations with some support for reform, lest the American public think the industry has failed to heed the lessons of the financial crisis.

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Econometric Optimization of Fresh Start Policy

10/09/14

"What is the optimal consumer bankruptcy law?" Now that's an abstract first line that grabs my attention! I've thought about this question for most of my academic career, and I've struggled to find solid bases for an answer. Now, Indiana Univeristy economist Gray Gordon offers an intriguing if difficult to understand possibility.

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If Congress Won't End GSE Conservatorship Soon, FHFA Can

10/09/14

The same broad powers that allowed the federal government to place Fannie Mae and Freddie Mac into conservatorship also allow it to reconstitute both companies.

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