Bankruptcy Blogs

The Daily Docket: MM&A Enters Bankruptcy

08/08/13

The railway company that operated the train that derailed and exploded last month, killing 47 people and destroying part of a small town in Quebec, sought bankruptcy protection in the U.S. and Canada on Wednesday with the intention to sell the business. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Keeping Deal Information Confidential in a Digital World

08/07/13

Technologies like webcasts, email, instant messages and cloud sharing are making it harder to maintain confidentiality and attorney-client privilege in deal negotiations.

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How Community Banks Can Come Back Strong in the Mortgage Business

08/07/13

The decline of Fannie Mae and Freddie Mac could usher in a mortgage renaissance for community banks facilitated by their natural partner, the Federal Home Loan Bank System.

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New Ruling on Swipe Fee Cap; Same Tired Arguments from Banks

08/07/13

The lower profits and new fees banks predicted when the swipe fee cap on debit cards was initially proposed never came to fruition. Why believe them now?

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B of A Gets Sued and UBS Settles as SEC 'Loses Steam' With Crisis-Related Investigations

08/07/13

Receiving Wide Coverage ...

Sued: Well, we know this was coming — The U.S. Justice Department and the Securities and Exchange Commission filed parallel civil lawsuits on Tuesday, alleging Bank of America misled investors about the quality of $850 million in mortgage-backed securities sold in the lead up to the financial crisis. Important to note: the case deals with prime jumbo mortgages that were securitized and sold by B of A, not its much-maligned acquisition Countrywide....

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The Daily Docket: Harbinger Sues Ergen for Fraud

08/07/13

Phil Falcone’s Harbinger Capital Partners LLC sued Dish Network Corp.Chairman Charlie Ergen for fraud, accusing him of secretly acquiring the debt of LightSquared Inc. in order to take control of the telecommunications firm and its wireless spectrum worth billions of dollars. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Bankruptcy And The Adult Child.

08/07/13

More often than not I see parents filing in part because they are taking care of adult children.  These parents do not understand  the court does not care that they have chosen to take care of a healthy adult child.  Is this a harsh stance?

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Reverse Mortgages as an Alternative to Bankruptcy

08/07/13

reverse mortgages as alternatives to bankruptcyReverse mortgages can be a good option for older folks with debt problems who are “asset rich and cash poor.”

What’s a reverse mortgage?

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Chapter 9 Hysteria in the Wall Street Journal

08/06/13

The Wall Street Journal ran a column on municipal bankruptcy that is straight out of fantasyland. According to the WSJ, if municipalities are not able to shed their pensions in bankruptcy, the result will be a stampede of bankruptcy filings as cities file in order to stiff their bondholders. 

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