Bankruptcy Blogs

Sales Territories Are an Endangered Species

11/05/13

Increasingly, our markets will be defined less by where we place branches and more by where we send our best bankers to engage with existing and potential customers.

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When Bankruptcy Stops Residential Evictions

11/05/13

An attorney called me to ask whether he continue a residential eviction after the tenant filed Chapter 13 bankruptcy. The landlord’s attorney had already obtained a writ of eviction for non-payment of rent. 

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When Bankruptcy Stops Residential Evictions

11/05/13

An attorney called me to ask whether he continue a residential eviction after the tenant filed Chapter 13 bankruptcy. The landlord’s attorney had already obtained a writ of eviction for non-payment of rent. 

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DIP Financing: How Chapter 11′s Bankruptcy Loan Rules Can Be Used To Help A Business Access Liquidity

11/05/13

Cash Is King. An army may march on its stomach, but for companies, it’s liquidity that keeps the business going. For many companies, typical sources of liquidity, beyond cash flow from sales or other revenue, are (1) financing from banks or other secured lenders, (2) credit from vendors that can reduce immediate liquidity needs, and (3) when needed, loans from owners, investors, or other insiders.

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The Daily Docket: Atlantic Express Drives Into Bankruptcy

11/05/13
Spencer Platt/Getty Images
Idled school buses are viewed at the Atlantic Express Transportation Crop.
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Living down the Lattes

11/05/13

Credit Slips is a virtual community so very few of you know that I go to Starbucks at least once a day, although a small detail in the pic here was a hint in that direction.

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Make Debt Buyers Disclose Forward Flow Agreements

11/05/13

Debt buyers should make a copy available to the court and to the defendant at the time of filing the lawsuit. This should help relieve our congested court dockets and prevent lawsuits against the wrong people in the wrong amount.

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The Frontiers of Mortgage Servicing, Part I

11/05/13

For the last 18 months, I've served as the California Monitor for the National Mortgage Settlement at the request of California Attorney General Kamala D. Harris. Disclaimer: This post does not necessarily represent the views of the CA AG or CA DOJ. It's just me, Professor Porter writing. And what I wanted to write about is the first in a series of thoughts that I have about where mortgage servicing policy needs to go in the future. 

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Student Lending

11/05/13
As Prof. Nathalie Martin noted, the ABI has an upcoming conference on student loans. For those more interested in policy than straight up bankruptcy law, the St. Louis Federal Reserve will host a one day conference on the state of student loans in America on November 18.
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SAC Capital's Guilty Plea and $1.8B Fine Not Enough?

11/05/13

Receiving Wide Coverage ...

SAC Brought Down: The papers reported late Monday that hedge-fund group SAC Capital Advisors will plead guilty to insider trading and pay $1.2 billion as part of a decade-long investigation, which included a previous $600 million payment, bringing the total fees to $1.8 billion. Though it was a record fine and high-profile win for U.S. prosecutors, the Journal and the Times focused on how the firm's founder, Steven Cohen, appeared off the...

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