Bankruptcy Blogs

By:  Steven Ching

St. John’s Law Student

American Bankruptcy Institute Law Review Staff

U.S. companies will continue defaulting near their current low rates barring a major crisis overseas, a bankruptcy expert said in his 13th annual address to restructuring professionals on Monday.

In his annual speech put on by the New York chapter of the Turnaround Management Association, New York University professor Edward I. Altman said he expects only a 2.03% default rate for U.S. corporate bonds in 2014, but an implosion in another country could change that number dramatically.

Time to shop is growing short for Loehmann’s bargain hunters. Less than three weeks into the going-out-of-business sales, five locations have already closed completely.

The JPMorgan Chase chiefÂ's recent raise is sure to reignite debate over executive compensation and how bank CEOs should be judged.