Bankruptcy Blogs

Bankruptcy Watchdog Defends Role in GSC Case

05/13/13

A federal bankruptcy watchdog filed a rare letter defending her personal role in negotiating settlements to resolve a professional fee dispute in GSC Group Inc.’s Chapter 11 case.

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Bank Discrimination Suit Highlights D.C. Insanity

05/13/13

Bankers truly face a Catch-22 in the lending business these days, thanks to "qualified mortgage" and disparate impact laws.

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The Daily Docket: ResCap Report Expected Monday

05/13/13

An independent examiner investigating Residential Capital LLC’s relationship with parent Ally Financial Inc. is set to release his report Monday afternoon, Daily Bankruptcy Review reports.

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Pushovers in the Boardroom; Serial Bungling in the Foreclosure Settlement; Should Art Galleries File SARs?

05/13/13

Receiving Wide Coverage ...

Doormat Directors: With little more than a week to go before JPMorgan's annual meeting, some shareholders are wondering whether Lee Raymond, the board's lead director, "has been an effective counterbalance" to chairman and CEO Jamie Dimon, the Times reports. If they conclude that Raymond, a former CEO of Exxon-Mobil, has been too lax in his oversight of the bank's management, these shareholders may vote to split the chairman and CEO roles. In...

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More than Regulation Is Killing Small Banks

05/13/13

The gradual erosion of net interest margins and a compensatory shift toward risky new lending strategies for additional yield is a major factor for high chargeoffs and community bank failures.

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“Chapter 20″ Lien Stripping Allowed by Fourth Circuit Appeals Court

05/12/13

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6 Do’s And Don’ts For Payments In A Chapter 13 Bankruptcy

05/11/13

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Student Loans: Two Appeals Court Cases Question the Brunner Test

05/11/13

The winds of change may be blowing regarding student loan dischargeability in bankruptcy cases, as two recent federal appeals court cases demonstrate.