Bankruptcy Blogs

How Bankruptcy Can Send Your Student Loans Soaring

10/01/13
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Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013.
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Share Your Star Performers' Strategies with the Rest of the Staff

10/01/13

Giving the rest of our sales teams regular snapshots of factors that brought about star performances is far more useful than simply reporting who those star performers are.

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The Daily Docket: ‘Old’ GM Creditors Settle Dispute

10/01/13
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A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them

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Foreclosure Crisis Update

10/01/13

Year Six of the great foreclosure crisis came to a close on June 30 with no real end in sight.  Five million homes have been foreclosed and another million or more were surrendered by distressed home owners in short sales or otherwise.  We are still far from returning to a stable mortgage market.  In normal times (from 1942 to 2005 for example) about 1% of mortgages are in the foreclosure process at any given time, and another 4% or so are delinquent.  At June

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Wells Settles with Freddie; Occupy Wall Street Creates Prepaid Debit Card

10/01/13

Receiving Wide Coverage ...

Shutdown: The government shut down after House Republicans and Senate Democrats failed to reach a funding deal before the midnight deadline. Big picture coverage is here: Wall Street Journal, New York Times, Financial Times, Washington Post

Wells Settles with Freddie: Wells Fargo has agreed to pay $869 million to Freddie Mac to resolve repurchase liabilities on faulty mortgages it sold to the government-sponsored enterprise before 2009. Citigroup signed a similar repurchase deal with...

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Banks and Regulators Should Be Allies, Not Enemies

09/30/13

Regulators and financial firms must listen to each other and work together to protect the interests of customers and stakeholders. Only then, will they be able to build a safe and sound financial system.

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Non-Debtors Are Not The Correct Party To Bring Preference Actions

09/30/13

Summary

In a 14 page decision signed September 30, 2013, Judge Walsh of the Delaware Bankruptcy Court provided a primer on one of the limitations of standing provided in the bankruptcy code in his opinion granting a motion to dismiss.  Judge Walsh’s opinion is available here (the “Opinion”).

Background

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How Online Home-Price Estimators Distort the Market

09/30/13

Homebuyers’ use of flawed automated valuation models creates an artificial drag on values during recoveries, amplifies appreciation during booms and results in a wide bid-ask spread that delays or torpedoes sales.

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The Daily Docket: Tesco’s U.S. Grocery Chain Enters Bankruptcy

09/30/13
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British retail giant Tesco PLC’s U.S.

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