Bankruptcy Blogs

The bankruptcy stay stops all collection actions including court cases in which the debtor is being sued. If a bankruptcy debtor is a party to a state civil case where a judgment has been entered and the case is being appealed, does the bankruptcy stay stop the appeal? This question is the subject of a recent article in the Florida Bar Journal.

The next thing to get a little bit bigger in Texas? Its stereotypes, fueled by the discovery that even Lon Morris College, formerly the state’s oldest junior college, profited in the oil and gas boom.

Before Lon Morris College’s unexpected collapse last summer, the two-year liberal arts school took in money that flowed from oil and gas wells across Texas, Louisiana, Arkansas and New Mexico.

Using data commonly available on most core systems, a relatively simple, inexpensive concentration stress testing model can bring value.

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Failed-Bank Fallout: D&O insurance premiums are way up for small banks as the FDIC goes after former executives of failed institutions, the Journal reports. Meanwhile, the FDIC has kept quiet about "scores" of settlements in failed-bank cases the last few years, thanks to "no press release" clauses, a Los Angeles Times investigative piece revealed. Though these clauses can seal a deal with a defendant who wants to avoid embarrassment, they represent "a...

Proponents of breaking up big banks trumpet Attorney General Eric Holder's complaint that some are too large to prosecute. But indicting companies for individual employees' actions would indeed be reckless.