Bankruptcy Blogs

ABI Commission Considers Future of Chapter 11 (Austin Hearing Pt. 1)

11/25/13
The ABI Commission studying reform of Chapter 11 met for its seventeenth and final time at the UT Bankruptcy Conference in Austin, Texas on Friday November 22, 2013.   The Commission heard from a total of eight witnesses on a variety of topics.   Seven of the eight witnesses touched on the venue issue with a substantial majority favoring reform.   Part 1 will discuss the future of Chapter 11 and proposed reforms to address the Stern problem, while Part 2 will discuss venue.
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Judge Calls Scott Rothstein to the Witness Stand

11/25/13
Associated Press
In this July 27, 2009 photo, Scott Rothstein is shown in his former office.

Convicted Ponzi schemer Scott Rothstein could make his first p

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Judge Calls Scott Rothstein to the Witness Stand

11/25/13
Associated Press
In this July 27, 2009 photo, Scott Rothstein is shown in his former office.

Convicted Ponzi schemer Scott Rothstein could make his first p

[more]

Miami Bankruptcy Lawyer - "HAMP" Mortgage Modification

11/25/13

Miami Chapter 13 and Chapter 7 Bankruptcy Attorney Jordan E. Bublick has over 25 ears of experience in filing personal bankruptcy cases. Attorney Jordan E. Bublick has filed over 8,000 bankruptcy cases.

 

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Conflicting Mortgage Rules Prolong Reign of the GSEs

11/25/13

Lenders’ choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

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Her Majesty, the Vulture Investor

11/25/13

So this morning's FT tells us that Royal Bank of Scotland is in hot water for allegedly playing hardball with its borrowers, in the hopes of acquiring some of their assets on the cheap. That is RBS has adopted something of a "loan to own" strategy.

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The Daily Docket: Fisker Files for Chapter 11

11/25/13

Hybrid Technology LLC has agreed to buy Fisker Automotive Inc.’s defaulted federal loan as part of its effort to buy the company, while Fisker filed for Chapter 11 bankruptcy protection as part of the deal, The Wall Street Journal reports.

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The Daily Docket: Fisker Files for Chapter 11

11/25/13

Hybrid Technology LLC has agreed to buy Fisker Automotive Inc.’s defaulted federal loan as part of its effort to buy the company, while Fisker filed for Chapter 11 bankruptcy protection as part of the deal, The Wall Street Journal reports.

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Opportunities for Banks, Nonbanks Persist in Mortgage Market

11/25/13

The world of lending and loan servicing is undergoing huge transformation, with operational changes that will take time to play out.

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U.K. Treasury Launches Co-op Bank Probe; More JPM Chatter

11/25/13

Receiving Wide Coverage ...

Co-op Bank Probe: The U.K. Treasury has launched a probe into Co-operative Bank that will examine how the bank was run (and regulated) in the years leading up to its current crisis. Scan readers will recall that the bank is in the middle of bailing itself out largely by ceding control to institutional investors. The Journal says the inquiry "may prove uncomfortable for Britain's politicians, particularly in the opposition Labour Party, some...

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