Bankruptcy Blogs

Five Years After Lehman, [Insert Thought Here]

09/13/13

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

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Bankruptcy Lawyer: Letting Lehman Fail Was ‘Tragic Error’

09/13/13
Carolyn Kaster/Associated Press
Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission
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Summers: Right Experience for Fed Chair?

09/13/13

Jim Bruce, the director of a new documentary on the Fed, said Summers "doesn’t really have a background… in central banking" while praising Yellen’s character and integrity.

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Bankruptcy stops debt collection automatically

09/13/13

Bankruptcy’s Automatic Stay is an extremely powerful tool that protects you from debt collection during a case, though you can lose that protection under certain circumstances.  But first, what is the automatic stay and how do you get it?

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The Broke and the Beautiful: Not Movin’ on Up Edition

09/13/13

This week on The Broke and the Beautiful, a dispute over Sherman Hemsley’s residuals won’t go to arbitration, and Wayne Newton’s estate is on the market. Also, Kerry Katona is having a baby.

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20,000 Pages of New Rules Yet to Come

09/13/13

Most of the five-year retrospectives on the financial crisis were pretty boring, according to Editor-at-Large Barbara A. Rehm. But a few were very revealing about the industry’s future, including the massive onslaught of rules still on their way.

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Fine, Spare the Bank - Jail the Banker

09/13/13

A 1999 memorandum explains why the DOJ refrains from prosecuting large financial institutions for their blatant regulatory violations, but why does it refrain from going after the employees who behaved badly?

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Try to Remember the Kind of September When Lehman Failed and Markets Panicked

09/13/13

Receiving Wide Coverage ...

#TwitterIPO: If economics is the allocation of scarce resources, what does it mean that the company had to devote 67 of 140 characters to the disclaimer, "This Tweet does not constitute an offer of any securities for sale"? Wall Street Journal, Financial Times, New York Times, Washington Post ...

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The Daily Docket: Judge Confirms AMR Plan

09/13/13
Associated Press
American Airlines planes and a US Airways plane at parked at Washington’s Reagan National Airport on Aug.
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Lehman Players Look Back on Historic Bankruptcy

09/12/13
Carolyn Kaster/Associated Press
Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission
[more]