Bankruptcy Blogs

Don't Undermine Liquidity for the Sake of Capital

10/10/13

Proposals for a supplemental leverage ratio would treat cash, and the safest cash-like assets, like any risky asset. This may discourage banks from keeping their current high levels of liquidity.

[more]

U.S. Isolating Itself from Global Payments System

10/10/13

As the world accelerates toward faster and contactless payments, the U.S. has been reinforcing checks, avoiding global payments standards and pursuing closed-loop innovations that further isolate it.

[more]

CFTC Rushes, Bungles Swap Market Reform; Industry Plays Along

10/10/13

With the CFTC on hiatus during the government shutdown, the industry should take the opportunity to consider the potential damage for a market that has become integral to banking.

[more]

The Daily Docket: Patriot Coal Sees Exit From Bankruptcy by Year End

10/10/13

Patriot Coal reached a settlement with Peabody Energy Corp. that provides funding for a union retiree benefits fund and will allow the coal mining company to exit bankruptcy by the end of the year. Read the story in the Daily Bankruptcy Review.

[more]

Hints at a Deal in Congress, But Fiscal Fallout Drags On

10/10/13

Receiving Wide Coverage ...

A Deal to Be Had? Finally? All eyes remain fixed on Washington this week, as patience wears thin and lawmakers try to come up with an agreement to end the government shutdown and avert the looming debt ceiling. Democrats and Republicans have so far refused to negotiate with one another, but signs of a deal may be starting to emerge. (The game of chicken can only go on so long before the...

[more]

The True Cost Of Just Paying The Credit Card Minimum

10/10/13

Post image for The True Cost Of Just Paying The Credit Card Minimum

Bankruptcy can seem so scary or humiliating that lots of folks resolve to just keep paying the minimums on their debts.

[more]

Preference Actions Filed in Open Range Bankruptcy

10/09/13

Last week, Charles M. Forman, acting as Chapter 7 Trustee (the “Trustee”) for Open Range Communications (“Open Range”) began filing complaints to recover what the Trustee contends are avoidable preferences. The Trustee filed the preference actions in the Delaware Bankruptcy Court and argues that the transfers, or payments, received by various defendants are avoidable and subject to recovery under 11 U.S.C. § 547 and 548 of the United States Bankruptcy Code.

[more]

Assignment of a Mortgage Note Without the Mortgage in Florida and Vice Versa

10/09/13

Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055.  www.bublicklaw.com

[more]

Mortgage Servicer Qualifies to Move for Stay Relief as Party in Interest and as Real Party in Interest

10/09/13

Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055.  www.bublicklaw.com

[more]

Miami Bankruptcy Lawyer - Florida Exemption of Life Insurance

10/09/13

Miami bankruptcy lawyer Jordan E. Bublick has over 25 years of experience in filing chapter 13 and chapter 7 bankruptcy cases. He has filed over 8,000 bankruptcy cases. www.bublicklaw.com

Florida Statutes provide for certain limited exemptions of life insurance.

Cash Surrender Value

Florida Statutes section 222.14 provides that the "cash surrender value" of life insurance "issued" upon the lives of citizens or resident of Florida is exempt from the claims of

[more]