Bankruptcy Blogs

Bankruptcy Lawyer - Chapter 13 Bankruptcy and Chapter 7 Bankruptcy

12/04/13

(305) 891-4055 - Over 25 Years of Experience - Over 8,000 Cases Filed - 1221 Brickell Ave., 9th Fl., Miami, Florida - Jordan E. Bublick - www.bublicklaw.com

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Overlooked in Housing Reform Debate: Risk of Lender Concentration

12/04/13

Ignoring the effects of loan seller origination, sourcing, and servicing processes in a post-GSE secondary market could generate losses for taxpayers.

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The Daily Docket: Detroit Eligible for Chapter 9

12/04/13

A judge ruled that Detroit was eligible for Chapter 9 bankruptcy protection, The Wall Street Journal reports.

Several former Dewey & LeBoeuf LLP partners face lawsuits demanding nearly $10 million, part of a continuing quest to recover the tens of millions of dollars attorneys received before the law firm’s demise. Read the Daily Bankruptcy Review article here.

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Blockbuster Video: A Cautionary Tale for Bankers

12/04/13

Following tectonic shifts in the video rental industry, the very Blockbuster stores that were just yesterday a competitive advantage rather quickly became an albatross. That type of chain of events is one that bankers need to be especially on guard for.

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EU Fines Banks for Rate-Rigging; 'Twas the Week Before Volcker Rule Vote

12/04/13

Breaking News This Morning ...

Fined: European Union regulators have fined eight financial institutions, including Deutsche Bank, Société Générale, Royal Bank of Scotland, Citigroup and JPMorgan Chase, for colluding in attempts to manipulate key global benchmark interest rates. Penalties total $2.32 billion. Future penalties are possible. Wall Street Journal, Financial Times, New York Times Receiving Wide Coverage ... ...

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Detroit: Eligibility and Pensions

12/03/13

Two big rulings in Detroit's Chapter 9 bankruptcy today:  first that Detroit is eligible for Chapter 9 and second that it may impair its pension obligations in bankruptcy.  Both rulings were delivered orally from the bench and transcripts aren't yet available, so it's hard to really parse them other than through selected quotations in the media. With that major caveat, here are my initial thoughts on each issue in turn:

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Running on Empty: “What If I Can’t Make My Chapter 13 Payments?”

12/03/13

Chapter 13 bankruptcy is about payments. After all, it’s a “payment plan bankruptcy.”  But what if you just can’t make the payments?Chapter 13

A moratori…what?

A motion for moratorium of payments is a motion you can file to suspend your plan payments for a period of time.

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Slate Writer Is Dead Wrong to Root Against Community Banks

12/03/13

There’s a reason most Americans still like their local banks, even if they detest the megabanks after the financial crisis.

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Interesting ResCap FactOID – Court Rejects Effort to Disallow Portion of Bond Claims Based on “Original Issue Discount”

12/03/13

In an opinion that will have a significant impact on the viability of debt for debt exchanges and out of court restructurings, Judge Martin Glenn of the U.S.

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