Bankruptcy Blogs

The Daily Docket: Lehman to Sell $4.22B of Its Unsecured Claims

05/23/13
European Pressphoto Agency

Defunct investment bank Lehman Brothers Holdings Inc. said it has agreed to sell $4.22 billion of its general unsecured claims against its brokerage unit Lehman Brothers Inc.

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Fed Sends Mixed Message on QE; Dimon Vote Postscript and Another Fine for JPM

05/23/13

Receiving Wide Coverage ...

Fed's Mixed Message: The Federal Reserve sent a "garbled message" about the fate of its QE3 program on Wednesday. First, Chairman Ben Bernanke endorsed ongoing stimulus efforts while testifying at a congressional hearing, though he did reveal the central bank could begin to slow down bond-buying in its "next few meetings," labor market conditions permitting. Then, just hours later, April meeting minutes revealed some Fed officials were hoping to pare down the...

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Fed Must Keep Exec Pay Tethered to Shareholder Interests

05/23/13

The more that compensation designs depart from well-grounded pay-for-performance principles, including appropriate metrics and actual financial results, the less effective they are as an incentive

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Student Loan Discharge: Opinion Of Judge Walker of Middle District Of Georgia Illustrative Of "Certainty Of Hopelessness" Required For Discharge

05/23/13

The opinion of Judge Walker in the case of  In re Williams (Williams v. American Education Service, et al,), 2013 Bankr. LEXIS 2050, Adv. Proc. No. 12-5059 (Bankr. M.D. Ga. May 13, 2013) is a good example of the standard that must be met to discharge student loans. Debtor's must not only demonstrate "undue hardship" as required under 11 U.S.C.

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What is a Prepackaged Chapter 11 Bankruptcy?

05/23/13

prepackaged bankruptcyIn this article I will explain a few basic details about conventional and prepackaged Chapter 11 bankruptcy cases.

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Student Loan Discharge: Opinion Of Judge Walker of Middle District Of Georgia Illustrative Of “Certainty Of Hopelessness” Required For Discharge

05/23/13

The opinion of Judge Walker in the case of  In re Williams (Williams v. American Education Service, et al,), 2013 Bankr. LEXIS 2050, Adv. Proc. No. 12-5059 (Bankr. M.D. Ga. May 13, 2013) is a good example of the standard that must be met to discharge student loans. Debtor’s must not only demonstrate “undue hardship” as required under 11 U.S.C.

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Defend Foreclosure Lawsuits Before Considering Bankruptcy

05/22/13

Many people file Chapter 13 bankruptcy to stop a foreclosure, and some people file Chapter 7 bankruptcy to discharge mortgage deficiency liability. I think many people are filing bankruptcy prematurely, and unnecessarily, to deal with foreclosure.

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GSEs, Private Mortgage Market Need Each Other

05/22/13

The most effective housing reform would let the GSEs do what they do best: act as a conduit for private capital to enter the residential lending market.

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Best of the Worst Subprime Loans Felled Fannie, Freddie

05/22/13

As much as David Fiderer and others try to defend the GSEs and the policies that drove them into insolvency, the taxpayers who bailed them out are unlikely to be fooled.

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