Bankruptcy Blogs

There’s been a lot of talk in Washington about the proposed sale of battery maker A123 Systems Inc.

Could a restaurant chain that has more than 1,400 employees and hundreds of creditors hide its bankruptcy from them?

Twelve days into the bankruptcy reorganization cases of Fiesta Holdings Inc. and Eateries Inc.—two companies that “operate a chain of restaurants in 20 states across the nation,” according to court filings—those companies have yet to reveal the names of their restaurants in hundreds of papers they have filed to the U.S. Bankruptcy Court in Oklahoma City.

Practicing bankruptcy law doesn’t provide many moments of sheer glee, but telling debt collectors about the scope of the community property discharge is surely one of them.

Receiving Wide Coverage ...

Qualified Mortgage Rules: Several news outlets (American Banker included) are out with a breakdown of what is in the Consumer Financial Protection Bureau's new mortgage standards, ahead of its press conference on the subject later today. Key points of the rules include prohibitions from offering mortgages with deceptive teaser rates or ones that require no documentation from borrowers, restrictions from charging borrowers excessive upfront points and fees and a somewhat unexpected safe...

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