Bankruptcy Blogs

Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia

02/21/13

On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon, No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013).  The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In re Codrington, 691 F3d 1336 (11th Cir.

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Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia

02/21/13

On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon, No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013).  The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In re Codrington, 691 F3d 1336 (11th Cir.

[more]

Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia

02/21/13

On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon, No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013).  The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In re Codrington, 691 F3d 1336 (11th Cir. 2012) (click here for order).

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Payday-Loan Foes Give Valuable Product a Bum Rap

02/20/13

Many problems with payday products are concocted by activists and politicians with mercenary intent who are more interested in squelching innovation than letting people make choices for themselves.

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Technical Problems Yesterday

02/20/13

If you visited Credit Slips yesterday (February 19) and had problems loading the site, it was because our hosting service (Typepad) had some system-wide issues. Everything should be working now. Typepad status is always available here.

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FSOC's Risky Push for Money-Market Fund Reform

02/20/13

If the FSOC fails to get the SEC to adopt new standards, it could look weak. If it succeeds, this mechanism will be used more often. Either way, the intervention is likely to sow division among regulators.

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Restructuring Pros Hold Out Hope for 2013

02/20/13

The Academy Awards are this weekend, but restructuring professionals have already picked a winner: “Life of Pi.”

The pros chose a quote from the movie—“Above all, don’t lose hope”—as the top sentiment for their profession in 2013, according to Weil, Gotshal & Manges LLP’s annual restructuring survey.

The tale of a boy marooned at sea with a live tiger is up for Best Picture and other awards at this Sunday’s Oscars, as are several other movies that figured into Weil’s survey.

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The Daily Docket: Revel Casino Readies for Bankruptcy

02/20/13
Associated Press

Atlantic City, N.J.’s Revel casino is getting ready to file for bankruptcy, The Wall Street Journal

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Increase Bank Dividends? Not So Fast

02/20/13

Properly measured and appropriately set capital levels have a long way to go before becoming excessive.

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B of A's Moynihan Gets a Raise; HSBC Gets Out of Panama

02/20/13

Receiving Wide Coverage ... Moynihan's Big Payday: Brian Moynihan got a big raise in 2012. According to a regulatory filing (and one person "familiar with the matter" who was kind enough to fill in some gaps), the Bank of America CEO's overall pay package totaled $12 million. This includes a $950,000 salary and $11.1 million in restricted shares, which, together represent a 70% increase over his pay in 2011 and the "largest since he took over...

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