Bankruptcy Blogs

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
[more]

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.

[more]

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.

[more]

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]

Reflections on the Dark Side

04/02/14

Thanks to all who commented on my earlier post on the interaction of §§ 544(a)(3) and 551 and homeownership in bankruptcy; as hoped, CreditSlip readers helped me frame the questions that I continue to have about Traverse and the larger policy questions it raises.

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Capitol Hill Restaurants’ Former Owners Owed Millions

04/02/14

Investors who own the storied Hawk ‘n’ Dove bar and other Capitol Hill eating spots owe more than $9 million to D.C. restaurateur Xavier Cervera and his partners who sold the restaurants to them in late 2012.

During a hearing held Wednesday afternoon at the Washington, D.C., bankruptcy court, lawyers for restaurant owner Barrack’s Row Entertainment said Chapter 11 would protect the company while its leaders negotiate to lower the debt owed to the former owners.

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