Bankruptcy Blogs

What Banks Can Learn from Microsoft's Xbox PR Disaster

06/20/13

Whether the product is a video game or a bank account, no business should take customers for granted or underestimate competitors.

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Knowing Your Customer Must Mean Knowing the Real Owner

06/20/13

It is time to put an end to the misuse of companies to evade taxes and advance criminal purposes.

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Judge Orders Receiver for Treasure Hunter’s Companies

06/20/13
Associated Press
Gold bars and coins from the SS Central America, a mail steamship, sunk in a hurricane in 1857.

An Ohio judge has ordered a receiver to ta

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Did Corker-Warner Jump the Gun on 'Skin in the Game' Target?

06/20/13

The Corker-Warner bill would require private investors to take 10% of losses before federal mortgage guarantees kick in. More research is needed to determine whether that’s enough protection for taxpayers.

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When Does Failure To Repay Loan Amount to Theft?

06/20/13

When someone borrows money from another person and then is unable, or simply unwilling, to pay back the loan the lender can feel that the borrower stole his money or defrauded him out of money. Can a creditor challenge the Chapter 7 bankruptcy discharge of a personal loan on the basis of theft, fraud, embezzlement, or like theory?

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U.K. Banks Told to Raise More Capital; Mortgage Pact Blunders; Fed's Plans

06/20/13

Receiving Wide Coverage ... U.K.'S Capital Plans: British regulators have told their biggest banks to raise a combined $20.7 billion in capital by the end of the year to cover shortfalls. The announcement builds on earlier capital directives from the Prudential Regulation Authority, which has been attempting to bolster banks' balance sheets in an effort to stem off future financial shocks. Barclays, Royal Bank of Scotland and Lloyds Banking Group, which would need to raise the…

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The Daily Docket: Kodak Reaches Financing Deal With Banks

06/20/13

Eastman Kodak Co. reached a deal with three major banks to be provided with $895 million in debt financing following its planned emergence from bankruptcy. Click here for the Daily Bankruptcy Review article.

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Secured Lender’s Post-Discharge Communications To Debtor Did Not Violate Discharge Injunction

06/20/13

In Mele v. Bank of America, et al., Adv. Proc. No. 12-5031, 486 B.R. 546, 2013 Bankr. LEXIS 455 (Bankr. N.D. Ga. January 8, 2013)(J.

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Contractor in Philly Building Collapse a No-Show in Bankruptcy

06/19/13

When Griffin Campbell filed for Chapter 13 protection in March, he was like a lot of other small-time Philadelphia entrepreneurs, with a string of properties, a load of unpaid taxes, a criminal record and a contractor’s license.

Then came the June 5 building collapse that killed six people and injured more than a dozen others, triggering a wave of lawsuits, a grand jury probe, a special hearing of Philadelphia’s City Council, the suicide of a city building inspector and criminal charges against a worker on the site, with the possibility of more charges on the way.

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Regulatory Inconsistencies Are Killing Community Banks

06/19/13

Contradictory regulations, such as the CFPB’s QM standards and HUD’s new fair lending rules, inhibit banks’ ability to devote resources to their businesses.

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