Bankruptcy Blogs

Break the Megabanks' Stranglehold on Mortgage Servicing

01/30/13

Future compensation structures should not only reflect the higher costs of servicing troubled loans but also open the business to more nonbank competitors.

[more]

In Bankruptcy it Matters if Your House is Not Your Residence When You File

01/29/13

Your house – the place where you have lived in the past and plan to live in again – may not be your residence when you file a bankruptcy petition. Does it matter? In several ways it might matter a great deal.

It may be that when you filed your bankruptcy petition you listed your address as where you lived at the time you filed, which was someplace other than your house address. This might come up in a variety of situations:

[more]

California Got Its Fair Share of Mortgage Settlement

01/29/13

The state is receiving a notably large share of national mortgage settlement benefits because of the level of harm the state sustained during our nation's mortgage crisis.

[more]

Stress Tests 'Baloney'? Absolutely Not.

01/29/13

Stress testing is far from a fail-safe, but does increase a bank's resilience to economic shocks.

[more]

The Daily Docket: School Specialty Enters Bankruptcy

01/29/13

School Specialty Inc. has filed for Chapter 11 bankruptcy protection and agreed to sell its assets to Bayside Capital Inc., an existing secured lender that will be bidding, in part, with debt rather than cash. Read the Daily Bankruptcy Review article here.

[more]

Treasury Takes Fire on Tarp Pay; RBS Looks at Libor Plea

01/29/13

Receiving Wide Coverage ...

Submissive on Pay: The Treasury Department failed to rein in outsize executive pay at some of the biggest bailed-out companies last year, according to a report published Monday by the special inspector general of the Troubled Asset Relief Program. Treasury officials awarded 63% of the 25 highest-paid employees at Ally Financial, AIG and General Motors total pay packages in 2012 that topped the median pay for executives at similar companies by more...

[more]

Expect a Spike in Bank M&A Soon

01/29/13

As loan loss reserves normalize, the earnings benefit from lower provision expenses will abate and earnings will be squeezed. M&A should emerge as an attractive strategy to maintain earnings and generate growth.

[more]

Little Debbie, All Grown Up

01/28/13

The adorable image on that package of cupcakes you can’t stop snacking on has a back story.

The girl with the auburn locks, cowboy hat and button nose is, in fact, Little Debbie—the granddaughter of the founders of the company that makes the line of cakes, McKee Foods Corp.

[more]