Bankruptcy Blogs

Detroit's Plan Submission -- Now What?

02/22/14

Much excitement in our nerdly circles is arising about Detroit's plan of adjustment, just filed yesterday.  This has gotten me thinking about what's next (other than the obvious ongoing cajolling/negotiations).  Three ruminations thereon:

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Tuscany Bankruptcy: No Unsecured Creditors’ Committee Formed

02/21/14

In the Tuscany International Drilling bankruptcy action, filed in the United States Bankruptcy Court for the District of Delaware, the United States Trustee recently filed a Statement that the Unsecured Creditors’ Committee Has Not Been Formed.  The Statement indicates that there was “insufficient response to the United States Trustee’s communications/contact for service on the committee.”

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Tuscany Bankruptcy: No Unsecured Creditors’ Committee Formed

02/21/14

In the Tuscany International Drilling bankruptcy action, filed in the United States Bankruptcy Court for the District of Delaware, the United States Trustee recently filed a Statement that the Unsecured Creditors’ Committee Has Not Been Formed.  The Statement indicates that there was “insufficient response to the United States Trustee’s communications/contact for service on the committee.”

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Arbitration Agreements and Class Action Waivers: Dropbox

02/21/14

It's hardly news that arbitration agreements are used to effectuate class action waivers.  The Supreme Court has blessed the comandeering of a federal policy favoring enforcement of forum selection clauses to limit types of proceedings, including those that have nothing to do with forum and are necessary for effective vindication of small value claims.  

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Weekly Wrap: Scrutinizing Payday Scrutiny; Anticipating Senate GSE Bill

02/21/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Cooperation and Tolerance in Chapter 15

02/21/14

Chapter 15’s modified universalism structure requires cooperation between courts in different countries as well as tolerance for outcome differences under different bankruptcy laws. While in general it’s fair to say U.S. courts have been cooperative and tolerant, for some reason the issue of intellectual property licenses in bankruptcy brings out the worst in us.

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The Broke and the Beautiful: Ex Edition

02/21/14

This week on The Broke and the Beautiful, Mel Gibson’s ex is in bankruptcy. Also, film financier David Bergstein sued the Hollywood Reporter.

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The Broke and the Beautiful: Ex Edition

02/21/14

This week on The Broke and the Beautiful, Mel Gibson’s ex is in bankruptcy. Also, film financier David Bergstein sued the Hollywood Reporter.

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Trustee Seeks to Question Peregrine’s Imprisoned Founder

02/21/14
Andrew Harrer/Bloomberg News
Ira Bodenstein looks on as James Giddens, trustee for the Securities Investment Protection Act Liquidation of MF Global Inc., speaks
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Trustee Seeks to Question Peregrine’s Imprisoned Founder

02/21/14
Andrew Harrer/Bloomberg News
Ira Bodenstein looks on as James Giddens, trustee for the Securities Investment Protection Act Liquidation of MF Global Inc., speaks
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