Bankruptcy Blogs

GSE Reform Must Include FHA Reform

04/03/14

FHA reform would serve as a major enhancement to the Johnson-Crapo proposal as it could ensure long-term viability of both the MMI and new Mortgage Insurance Fund.

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Thank You to Javier Arias and Andrew Dawson

04/03/14

On behalf of everyone at Credit Slips, I wanted to thank Professor Javier Arias of the Universidad Rey Juan Carlos and Professor Andrew Dawson of the University of Miami. It takes time out of a busy schedule to contribute to the Credit Slips community, and their contributions are well appreciated.

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New "Loss Mitigation Mediation" for Mortgage Modification in the Miami Bankruptcy Courts

04/03/14
The Bankruptcy Courts in Miami has recently started a new program to help people get a mortgage modification in your to help them save their home from foreclosure with the
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Mortgage Modification under the Bankruptcy Court's New "Loss Mitigation Mediation" Program

04/03/14
The Bankruptcy Courts in Miami has recently started a new program to help people get a mortgage modification in your to help them save their home from foreclosure with the
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The Daily Docket: Specialty Retailer Brookstone Enters Bankruptcy

04/03/14

Brookstone Holdings Corp., the specialty retailer famous for massage chairs and travel electronics, filed for Chapter 11 bankruptcy protection Thursday with a plan to sell its business to the owner of Spencer’s for $147 million. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Specialty Retailer Brookstone Enters Bankruptcy

04/03/14

Brookstone Holdings Corp., the specialty retailer famous for massage chairs and travel electronics, filed for Chapter 11 bankruptcy protection Thursday with a plan to sell its business to the owner of Spencer’s for $147 million. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Morning Scan: Masters Exits JPM; Citi's Mexican Unit Fraud Problems Spark Crime Inquiry

04/03/14

Receiving Wide Coverage ...

Another Big JPM Exit: Well, Jamie Dimon's C-Suite is certainly Â... dynamic. Following very recent news of potential Dimon successor Mike Cavanagh's departure, Blythe Masters, head of JPM's commodities unit, has resigned. Masters' exit shouldn't come as a surprise Â-- to the public or to JPM executives. The bank just sold its physical commodities business Â-- which was the subject of a $410 million settlement with the Federal Energy Regulatory Commission last...

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Remembering Charles Keating, Peddler of Junk Bonds and Influence

04/03/14

Charlie Keating, who died Tuesday, epitomized an era today's mortgage lenders would do well to remember as low-yielding portfolio assets tempt them to take bigger risks.

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Electronic Voting Comes to the Bankruptcy Court

04/03/14

Released on PRNewswire a few days ago was a press release about the first bankruptcy court order approving electronic balloting procedures in a Chapter 11 case. Using a system developed by claims agent Upshot Services LLC, the Chapter 11 trustee for Pitt Penn Holding Company, Inc. obtained a court order allowing creditors to complete and submit their ballots using a website interface.

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Electronic Voting Comes to the Bankruptcy Court

04/03/14

Released on PRNewswire a few days ago was a press release about the first bankruptcy court order approving electronic balloting procedures in a Chapter 11 case. Using a system developed by claims agent Upshot Services LLC, the Chapter 11 trustee for Pitt Penn Holding Company, Inc. obtained a court order allowing creditors to complete and submit their ballots using a website interface.

[more]