Bankruptcy Blogs

DBSI Officials Seek Acquittal of Criminal Convictions

04/28/14

Former DBSI Inc. President Douglas L. Swenson, convicted of multiple fraud charges for misleading investors, is seeking to be acquitted of the charges or, at the very least, a new trial.

Attorneys for Mr. Swenson and three other former officials say that acquittal or a new trial is warranted in light of such questions as “whether there was sufficient evidence produced at trial to support the crimes for which defendants were convicted,” court papers show.

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People are More Embarrassed of their Credit Score than their Age or Weight

04/28/14

In a recent Washington, DC study conducted by the National Foundation for Credit Counseling, study participants were asked to rank things they’d be embarrassed to admit and given five categories from which to choose. In addition to credit card debt, the options included age, weight, bank balance, credit score or none. The thing these consumers ranked as most embarrassing to admit was their credit card balances. See the actual stats in the article link above.

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People are More Embarrassed of their Credit Score than their Age or Weight

04/28/14

In a recent Washington, DC study conducted by the National Foundation for Credit Counseling, study participants were asked to rank things they’d be embarrassed to admit and given five categories from which to choose. In addition to credit card debt, the options included age, weight, bank balance, credit score or none. The thing these consumers ranked as most embarrassing to admit was their credit card balances. See the actual stats in the article link above.

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Banks Have 'Boiled Frog Syndrome' Regarding Risk Management

04/28/14

Institutions become comfortable with the nominal profit increases from higher risk and ignore the warning signs. It is hard to recognize a problem when you are paid not to see it.

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The Daily Docket: Detroit Files Debt-Cutting Plan

04/28/14

: The skyline of Detroit is seen looking south from the midtown area in Detroit on Oct.

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The Daily Docket: Detroit Files Debt-Cutting Plan

04/28/14

: The skyline of Detroit is seen looking south from the midtown area in Detroit on Oct.

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Morning Scan: Easy Money Critics Get Misty Over Fed Governor's Departure

04/28/14

Receiving Wide Coverage ... Fed's Stein Gets Fond and Fearful Farewell: Economist Jeremy Stein is resigning from the Federal Reserve's board of governors to return to his position as a Harvard professor at the end of May, and people who worry that the central bank's historically low short-term interest rates could incite another credit bubble are missing him already. Stein "has made an intellectual mark in a critical area where leading members of the [Federal OpenÂ...

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Capitol Infrastructure, LLC Preference Litigation

04/28/14

From April 22 – 24, 2014, Jeoffrey L. Burtch, Chapter 7 Trustee of the Capitol Infrastructure, LLC bankruptcy estates, filed approximately 71 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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