Bankruptcy Blogs

Bankers, Let's 'Lean In' Together

09/19/13

As more women ascend to the leadership positions in and around our industry and are able to mentor other "superwomen", female leadership will be less of an exception.

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The Daily Docket: Trustee Claims Corzine Masterminded Scheme

09/19/13
Susan Walsh/Associated Press
In this Tuesday, Dec. 13, 2011, file photo, former MF Global Holdings Ltd.
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So Much for Septaper; JPM's $920 Million 'Whale' Settlement

09/19/13

Breaking News This Morning ... 'Whale' Settlement: JPMorgan Chase has agreed to pay regulators $920 million to settle allegations related to its $6 billion 'London Whale' trading loss. Earlier estimates of the widely expected settlement pegged the penalties to total around $750 million to $800 million, but anony-mice were heralding the higher total to various news outlets late yesterday. The bank did admit wrongdoing related to poor internal controls as part of the settlement. Wall Street…

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Protection Against Post-Bankruptcy Real Estate Liability

09/19/13

Chapter 7 bankruptcy debtors who surrender upside down real estate in Chapter 7 bankruptcy sometimes are surprised by liabilities that arise after the bankruptcy filing. A common example is the debtor’s liability for HOA dues that accrue in the months after the bankruptcy petition is filed.

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Long-Overdue Housing Finance Reform Within Grasp

09/18/13

With proposals afoot in both chambers of Congress, and President Obama moving the issue to the forefront, we can dramatically modernize our country’s housing finance system.

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VFX Creator Gravity Files for Bankruptcy

09/18/13

Gravity, whose computer animation and digital effects appear in Ford and Got Milk? ads, filed for Chapter 11 protection Tuesday to avoid eviction from its Madison Avenue office.

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Pari passu poetry (doggerel, more like it...)

09/18/13

We are in a brief pari passu hiatus while we wait for the Supreme Court to decide what it wants to do with Argentina's first petition for certiorari and for the Second Circuit to decide the petitions for panel and en banc rehearing that have been filed by Argentina and others. (Briefs and opinions here).

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Opportunities Often Are Disguised as Impossible Situations

09/18/13

I hope we can all encourage our younger coworkers, our daughters and granddaughters, to see these opportunities and be ready to ascend to upper level management positions.

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Women in Banking on Women in Banking

09/18/13

BankThink kicks off a new series in conjunction with American Banker Magazine’s annual Most Powerful Women in Banking issue.

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Auto-Hauler Allied Systems Holdings' Car Wreck of a Chapter 11 Case May Finally Be at an End

09/18/13

Many commentators have remarked that a “new normal” has evolved for Chapter 11 proceedings, wherein the major constituents negotiate the salient terms and exit strategy of the debtor’s restructuring prior to the filing of the bankruptcy petition, generally leading to shorter, less litigious cases. This dynamic, often evidenced by a plan support agreement, a proposed sale of assets under

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