Bankruptcy Blogs

County Is First Responder in Ambulance Company’s Bankruptcy

08/05/13

Santa Clara County, Calif. was the first entity to register its appearance in the bankruptcy proceeding of Rural/Metro Corp., and it’s not the possibility the ambulance company’s behind on its taxes that has the county racing to court.

Santa Clara has been worried about the company that has its medical emergency services contract ever since private equity firm Warburg Pincus LLC took over in 2011, County Executive Jeffrey Smith said Monday. The leveraged buyout carried a $738 million price tag, $525 million of it in the form of new debt.

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On Abstention, Multi-Part Tests and Being Mistaken for David Bowie (Updated)

08/05/13
Who would have thought that abstention could be so interesting? Judge Leif Clark has written an opinion on abstention which jabs at some of the boilerplate language found in motions to abstain and contains a footnote destined to become a Clark-classic. The Official Committee of Unsecured Creditors of Schlotzsky's, Inc. v. Grant Thornton, LLP, Adv. No. 05-5109, 2006 Bankr. LEXIS 2435 (Bankr. W.D. Tex.
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On Abstention, Multi-Part Tests and Being Mistaken for David Bowie (Updated)

08/05/13
Who would have thought that abstention could be so interesting? Judge Leif Clark has written an opinion on abstention which jabs at some of the boilerplate language found in motions to abstain and contains a footnote destined to become a Clark-classic. The Official Committee of Unsecured Creditors of Schlotzsky's, Inc. v. Grant Thornton, LLP, Adv. No. 05-5109, 2006 Bankr. LEXIS 2435 (Bankr. W.D. Tex.
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Call for Papers: 2013 Conference on Public Pension Funds

08/05/13

Call for Papers – 2013 Conference on
Public Pension Funds

Sponsored
by the Federal Reserve Bank of Cleveland

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Some Sobering Lessons from Freddie Mac's Risk-Sharing Deal

08/05/13

The $22.5 billion Structured Agency Credit Risk transaction serves its purpose, but shows how much more work and thinking needs to be done to redesign the housing finance system.

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Sobering Lessons from Freddie Mac's Risk-Sharing Deal

08/05/13

The $22.5 billion Structured Agency Credit Risk transaction serves its purpose, but shows how much more work and thinking needs to be done to redesign the housing finance system.

[more]

Surcharge of Exempt Assets - Failure to Disclose and Dissipation of Assets

08/05/13

On May 11, 2007, the court in In re Mazon, ___ B.R.

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Mobile Chat Has a Place in Every Banking App

08/05/13

The feature presents a win-win scenario for banks and their customers as well as an opportunity for mobile-centric financial startups that can serve as the catalyst for widespread adoption.

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As Goldman Turns, Commodity Drought, Sen. Brown Does Banking

08/05/13

Receiving Wide Coverage ...

Fabulous Fab Continued: On a summer Monday when many Wall Streeters and journalists alike are pondering the sand between their toes, enough personnel remain on duty to produce a hefty dose of news on Goldman Sachs (GS) and its former trader, Fabrice "Fabulous Fab" Tourre. This morning's installments include one from the Wall Street Journal concluding that Tourre and his former employer have been inextricably linked for a while longer by a...

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The Daily Docket: Rural/Metro Enters Bankruptcy

08/05/13

Ambulance company Rural/Metro Corp. filed for Chapter 11 bankruptcy protection on Sunday after striking a deal with lenders to trim its debt load. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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