Bankruptcy Blogs

Proceedings Supplementary

10/27/13

The case of Mejia vs. Ruiz, 3rd DCA, May 14, 2008, 3D07-2254 involved  proceedings supplementary against shareholders and directors of a judgment debtor corporation. After the corporation was sued, shareholders took corporate assets and left the corporation insolvent. A writ of execution was issued on corporation. Proceedings supplementary were subsequently pursued pursuant to 56.29.

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Mortgage Market Morass; Does Being a Big, Connected Bank Pay?

10/25/13

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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DIY Bankruptcy Means Test — You Always Pass!

10/25/13

Sample_CalculationDo It Yourself projects can be terrifying — and satisfying too.   Sprucing up your home on your own, repairing the car, even doing your own tax returns can be challenging but helps save you money and makes you more independent.

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The Broke and the Beautiful: Spelling Edition

10/25/13

This week on The Broke and the Beautiful, Tori Spelling is having money problems, and the bakery made famous by the movie “Moonstruck” filed for bankruptcy. Also, the U.S. trustee in DMX’s bankruptcy wants to shut down his case.

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Insurance Needs a Federal Regulator - But Not the Fed

10/25/13

A dedicated federal insurance regulator would understand the risks of the insurance business – which are fundamentally different from those in banking – while monitoring systemic dangers posed by the largest insurers.

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Fed Unveils Tough Liquidity Rules; Refinancing Slump Leads to B of A Job Cuts

10/25/13

Receiving Wide Coverage ...

Unveiled: The Federal Reserve proposed stricter liquidity rules for the biggest U.S. banks on Thursday. (American Banker's Donna Borak breaks down the proposal's specifics here.) The Journal notes the proposed rules, which will be open for public comment for 90 days and would go into full effect in 2017, are "unlikely to cause major changes at U.S. banks, which have largely improved their funding positions since the 2008 financial crisis." But the...

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The Daily Docket: Hedge Funds Cleared to Buy Lehman Claim

10/25/13

A U.S. judge Thursday cleared the way for Paul Singer’s hedge fund Elliott Management and King Street Capital Management LP to buy a multibillion-dollar bankruptcy claim owed to a Lehman Brothers U.K. subsidiary at a discount. Read the Daily Bankruptcy Review article via MoneyBeat.

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