Bankruptcy Blogs

Mortgage Wars Part 2--Attack of the Robo-Signers

08/23/13
The first post in this series discussed successful and (largely) unsuccessful claims brought against mortgage servicers.   In Ashley Martins v. BAC Home Loans Servicing, LP, No. 12-20559 (5th Cir. 6/26/13)(also discussed in part 1 of this series) and Reinagel v. Deutsche Bank National Trust Company, No. 12-50569 (5th Cir.
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The Meaning of 'Underbanked'; Bemoaning the Risks of Regulatory Overreach

08/23/13

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

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When you stiff your creditors, do it with a smile

08/23/13

Steve raises a good point. Contract interpretation is typically a matter of state, not federal, law although this primarily means that state law (1) assigns a default meaning to contract language and (2) supplies rules for courts to apply in determining whether parties to a particular contract meant something different.

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Argentina: Does it Matter?

08/23/13

No its not a existential question, but rather a question for our two experts on sovereign debt (I'm not one of them).

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The Broke and the Beautiful: McDreamy Lawsuit Edition

08/23/13

This week on The Broke and the Beautiful, Patrick Dempsey sued his business partner, and Sinbad spoke out about his latest bankruptcy filing. Also, DMX got arrested.

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Argentina loses... big.

08/23/13

The opinion is out, and I'm happy to be asked back to Credit Slips to talk about it. The Second Circuit affirmed the injunction against Argentina... full stop. No changes to the list of third parties potentially subject to contempt sanctions, no changes to the payment formula, just a straight-up affirmance.*

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Let's Embrace Basel's Higher Capital Buffers for Big Banks

08/23/13

It is time for the U.S. to take the lead in having the safest and soundest banks, rather than to strive toward the lowest common and detrimental denominator.

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Nasdaq Tech Woes; Moody's Threatens Big Bank Downgrade; Jackson Hole Preview

08/23/13

Receiving Wide Coverage ... Nasdaq Outage: The Nasdaq stock exchange went down for three hours on Thursday, after a technical glitch caused connectivity issues and interrupted its ability to quote prices. The failure "delivered another black eye to Nasdaq, which was bruised by last year's botched initial public offering of Facebook," reports the Journal. This incident, coupled with Goldman's rogue computer problems from earlier this week, has also raised new questions about the high-speed, computerized structure…

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The Daily Docket: National Envelope Seeks Sale Approval

08/23/13

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here.

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