Bankruptcy Blogs

The Daily Docket: Judge Approves Revel Sale to Brookfield

10/08/14
Associated Press

Atlantic City, N.J.’s Revel Casino will be sold to private-equity firm Brookfield Capital Partners LP for $110 million, a U.S.

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Adverbs and the Law

10/08/14

In today's Wall Street Journal, Jacob Gershman (lead writer of its Law Blog) wrote an article on about recent various views and challenges, including by Supreme Court and Appellate Court Judges' with the use of adverbs in the law.

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Morning Scan: Geithner Takes the Stand in AIG Case; The Odd Rules for Puerto Rico Notes

10/08/14

Receiving Wide Coverage ... Geithner's Turn: Most papers weighed in with coverage of Timothy Geithner's testimony on Tuesday, from Maurice "Hank" Greenberg's lawsuit challenging the federal bailout of AIG. Geithner spent six hours in a federal court witness box, so there was plenty of material to choose from. In one exchange, Greenberg's lawyer, David Boies, asked Geithner why he hung up before the end of a conference call on Sept. 16, 2008, during the Fed boardÂ...

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Bankruptcy Court Deemed Too Risky for Prisoner Testimony

10/07/14
Marc Dreier
Associated Press

A bankruptcy judge has ruled that while Marc Dreier should testify at an upcoming trial, the imprisoned ex-lawyer can’t do so in his courtroom.<

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The Examiners: Prepa Must Confront ‘Tarnished’ Public Image

10/07/14

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 Volcker Rule Has a People Problem

10/07/14

While the Volcker Rule has been in the works since 2009, the final rule is new to professionals at both banks and regulatory agencies. Everyone involved faces a steep learning curve.

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The Examiners: Prepa Restructuring Requires Time, Liquidity

10/07/14

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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Student Loan Debtors Need a Light at the End of the Tunnel

10/07/14

Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.

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The Daily Docket: GT Advanced Bankruptcy Triggered by Payment Dispute

10/07/14
Apple Inc. won’t be using GT Advanced sapphire in its iPhones.
Reuters

Apple Inc.

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Morning Scan: Other Banks Targeted by JPMorgan Hackers; Holder's Last Hurrah?

10/07/14

Receiving Wide Coverage ...

Hacked Off: More details about the JPMorgan Chase cyberattack were leaked, although it's somewhat alarming how many unanswered questions remain. Anonymice told the Journal hackers tried to breach the data systems of other banks or financial institutions but were unsuccessful. It's unclear what, exactly, the hackers were trying to do. Bill Nelson of the Financial Services Information Sharing and Analysis Center, said, "It is like the equivalent of a robber walking around...

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