Bankruptcy Blogs

The Daily Docket: Deal for LightSquared in Jeopardy

01/08/14

Dish Network Corp.’s  proposed deal to buy LightSquared’s wireless spectrum assets is on the verge of falling apart, a lawyer for LightSquared’s lenders said in bankruptcy court Tuesday. Read the Daily Bankruptcy Review via The Wall Street Journal.

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Morning Scan: Parsing JPM's Madoff Settlement; Volcker Rule Loophole?

01/08/14

Receiving Wide Coverage ...

JPM Madoff Settlement: It's official. JPMorgan Chase will pay roughly $2.6 billion to resolve allegations that it ignored signs about Bernie Madoff's massive Ponzi scheme. As anticipated, the bank's latest settlement includes a deferred prosecution agreement that saw JPM skirt criminal prosecution "in exchange for the payment and a promise to reform its practices." (Anony-mice provided Dealbook with a bit of a play-by-play regarding the settlement negotiations that involves a face-to-face meeting...

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Advantage Rent a Car Asks Regulators to Clear Sale

01/07/14

Months after its spinoff from Hertz Global Holdings Inc., Advantage Rent a Car is asking federal regulators to approve its sale to a new owner.

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Advantage Rent a Car Asks Regulators to Clear Sale

01/07/14

Months after its spinoff from Hertz Global Holdings Inc., Advantage Rent a Car is asking federal regulators to approve its sale to a new owner.

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Amended Bankruptcy Rule 1007 changes Form 23 debtor education filing requirement.

01/07/14

A December 1st 2013 bankruptcy rule change allows the approved provider of a debtor education course on personal financial management to notify the court that debtor completed the course requirement. The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act required debtors in chapter 7, 11, and 13 cases to file a Form 23 certification of course completion with the court in order to obtain a discharge of debt.

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The Daily Docket: Sixt Appeals Advantage Sale

01/07/14

Sixt Rent-a-Car LLC is appealing Advantage Rent a Car’s sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month’s auction. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Sixt Appeals Advantage Sale

01/07/14

Sixt Rent-a-Car LLC is appealing Advantage Rent a Car’s sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month’s auction. Read the Daily Bankruptcy Review article here.

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Mind-Sets that Hold Banks Back

01/07/14

The Sniper's main contribution seems to be shooting down others' ideas. The Historian defends the status quo to the end and the Jetson is convinced the bank's existence rides on the latest technology craze. All of these mind-sets are shortsighted.

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Morning Scan: Senate Confirms Yellen as Fed Chair; More Co-op Bank Probes

01/07/14

Receiving Wide Coverage ... Confirmed: The Senate voted 56 to 26 to confirm to approve Janet Yellen as the first Federal Reserve chairwoman. Yellen's historical confirmation was by "the thinnest margin of Senate approval for a Fed chairman in the central bank's history," reports the Times, though it's worth noting that a few lawmakers missed the vote due to inclement weather (See: polar vortex.) Yellen will take office on February 1 and "will immediately be forcedÂ...

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5 Things Student Loan Lawyers Ask Borrowers Who File for Bankruptcy

01/06/14

It’s nearly impossible to cancel your student loan debt in bankruptcy.

Fewer than 1,000 people try each year. Those who do are required to file a lawsuit against their lenders and then convince a bankruptcy judge that they’re so poor there’s no hope of ever repaying the loans.

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