Bankruptcy Blogs

The Broke and the Beautiful: Downton Abbey Redux Edition

03/08/13

This week on The Broke and the Beautiful, we find some commonalities with the characters of “Downton Abbey,” and Rhythm & Hues’ bankruptcy isn’t stopping a computer-generated tiger from being the “life” of the party. Also, the firm’s bankruptcy is grinding the gears of visual-effects artists who say they’ve been working in deteriorating conditions.

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Minimum Wage & Consumer Borrowing

03/08/13

Over at VoxEU, economists Daniel Aronson and Eric French have a discussion about the their research of the effects of a minimum wage hike.

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Clarifying FDIC Data About Small-Dollar Credit

03/08/13

The Federal Deposit Insurance Corp. responds to two recent posts that cited its underbanked survey results.

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How to Get Congress to Pay Attention to Banks' Regulatory Burden

03/08/13

Produce a video for members of Congress to watch that focuses on a typical banking transaction and shows the various laws, regulations and other issuances that come into play at every stage of the process.

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The Daily Docket: Hedge Funds Await Nortel Ruling

03/08/13

U.S. hedge funds will find out Friday whether they won or lost a preliminary round of the international fight over how to divide $7.3 billion raised in the bankruptcy liquidation of Nortel Networks Corp. Read the Daily Bankruptcy Review story here.

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Bankruptcy in Canada

03/08/13

I was visited by a Canadian bankruptcy trustee vacationing in Florida who wanted to learn more about our bankruptcy system. Canada has the equivalent of Chapter 7 and Chapter 13 bankruptcy statutes.The main difference between their system and our own is their exemptions. Exemptions differ by Province. In Ontario, for example, the Debtor gets no homestead exemption.

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Gutting Regulation May Help the Banker, But Harm Society

03/08/13

Banks have convinced policymakers, regulators and sometimes the courts that new regulations might be too expensive. However, the point of public intervention is to induce banks to take account of costs they impose on others.

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