Bankruptcy Blogs

A Two-Pronged Approach to Building Your Bank

09/27/13

Expand by acquisition or through organic market penetration. The most successful banks will include both strategies in their future plans.

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Payment Processors Are Government's Allies Against Fraud

09/27/13

Because third-party processors are on the hook for losses from fraudulent transactions, they have as much interest in eliminating bad actors as anyone.

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Mr. Dimon Goes to Washington; the Fed's Stein Speaks Out

09/27/13

Receiving Wide Coverage… Hard Ball: Don't be fooled into thinking that U.S. Attorney General Eric Holder will end up strong-arming JPMorgan Chase's CEO Jamie Dimon. While Dimon has largely agreed to provide $4 billion in "soft dollar" relief for borrowers, the DOJ wants more than the proposed $7 billion in penalties. But wait. Dimon also wants California prosecutors to drop a criminal investigation into the bank's mortgage practices, a request that Justice has not yet agreed…

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The Daily Docket: GateHouse Enters Bankruptcy

09/27/13

GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review.

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Is This Normal? Can I Get a Meeting with the Attorney General?

09/27/13

I'm floored that Attorney General Eric Holder was willing to take a private meeting with JPMorgan Chase CEO Jaimie Dimon while the bank is under criminal investigation and negotiating an enormous civil (and possibly criminal) settlement.  I can't recall something like this meeting happening before.

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Should I File a Chapter 12 Farm Bankruptcy?

09/26/13

If you are a farmer (or make your living by fishing), you should know about Chapter 12 of the U.S. Bankruptcy Code. Also called Farm Bankruptcy, Chapter 12 is debt relief for family farmers, allowing them to save their farms by reorganizing their debts.

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Guccione Collection Sues Penthouse Publisher

09/26/13
Reuters
Bob Guccione leaves the federal courthouse in New York in this 2002 file photo.

A battle over Penthouse founder Bob Guccione’s secret archive of un

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Herd in Detroit

09/26/13
PR Newswire
Goats creating a firebreak in the western part of California’s Sacramento Valley.

This blog is no stranger to the connection between goats and bankruptcy.

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Uncle Sam's Muddled Mortgage Message - a Quandary for Bankers

09/26/13

When it comes to financing the average middle-class American, our government-backed mortgage entities will accept nothing but the most pristine standards. Except when it comes to the millions of home loans for which the feds want lenders to toss standards out the window.

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