Bankruptcy Blogs

Jack Butler, a bankruptcy lawyer who was instrumental in the 2013 merger of American Airlines and US Airways, is jumping to a firm specializing in liquidations, real estate and private equity after more than two decades at law firm Skadden, Arps, Slate, Meagher & Flom LLP.

Almost without exception my clients who are subject to wage garnishment in Georgia report that they feel “violated” or “horrified” by discoveri

Is it better or worse when investors start gaming out doomsday scenarios? Citigroup’s Asia strategist, Markus Rosgen, says that amid the recent market selloff clients have started asking him for Altman Z-scores.

These gauge the probability of a borrower defaulting on its debt, based a mélange of sales, capital and assets. Mr. Rosgen hasn’t crunched Z-scores requests since the dark days of 2008.

A bankruptcy judge Tuesday dismissed a play by Major League Baseball’s Houston Astros to prevent the troubled Comcast SportsNet Houston television network from restructuring under Chapter 11 protection, The Daily Bankruptcy Review reports.

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Farm Bill's Feast and Famine: In a rare bout of bipartisan unity, the U.S. Senate passed a farm bill that provides a cornucopia of goodies to the well-heeled and well-connectedÂ--including bankersÂ--but a lump of coal for the poor. The long-stalled bill, which represents nearly $1 trillion in spending over the next decade, passed 68 to 32. At 949 pages, it expanded crop insurance for farmers by $7 billion over 10 years and...