Bankruptcy Blogs

It's Time to Regulate Prepaid Cards as Bank Accounts

11/29/12

Consumer-focused regulations, in general, should reflect what financial products actually do, not the technicalities of who issues them or what legal status they hold.

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The Daily Docket: Court Decision Spells Win for Vitro Bondholders

11/29/12

A U.S. appellate court on Wednesday upheld a bankruptcy court decision to reject Mexican glassmaker’s Vitro SAB’s controversial bankruptcy plan, a big win for bondholders that have been sparring with the company for years over its controversial debt restructuring. Read the Daily Bankruptcy Review article here.

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Fed's Tarullo to Barclays and Deutsche Bank: I See What You Did There

11/29/12

Receiving Wide Coverage ...

Nice Try, Guys: The Fed will require foreign banks with major operations here to house them in entities subject to the same capital rules as U.S. banks, central bank Gov. Daniel Tarullo said. The papers interpret his speech as a thinly veiled repudiation of Deutsche Bank and Barclays, which moved their stateside investment banking shops out of Fed-supervised holding companies to avoid having to inject them with billions of dollars. The Journal's...

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CFPB Should Create Safe Haven for Innovators

11/29/12

The bureau could offer an X Prize, encouraging companies to solve problems through competition or invite applications from entrepreneurs and financial companies, providing those with the most promising ideas a time-limited waiver for pilot tests.

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How a Seemingly Perfect Loan Can End Up Stinging Your Bank

11/29/12

It would appear that a bank could not negotiate a loan on more favorable terms than the deal I was looking at. Yet, something did not make sense.

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Updated: The procedure of litigating pari passu?

11/28/12

Lots of activity in the pari passu litigation: The lawyers for the exchange bondholders have been working overtime, filing an emergency motion to stay Judge Griesa's injunction (just granted here!) and asking the Second Circuit to let them intervene in the appeal.

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“Cluck You!” Foster Farms Sues Zacky

11/28/12

Zacky Farms has ruffled some feathers by starting to sell Zacky-branded chicken after having complied for 11 years with a promise not to use its logo on chicken, according to a bankruptcy court complaint filed against it.

So Foster Farms, another California poultry producer, which is known for its impostor chicken commercials, is suing Zacky Farms in what’s shaping up to be a giant chicken fight.

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I Never Liked Twinkies

11/28/12

Sno-Balls, on the other hand, and virtually every type of Drakes confection – Yodels, Yankee Doodles, Devil Dogs – I enjoyed to excess at every opportunity. 

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Multifamily Bubble on the Horizon?

11/28/12

The very same low interest rates and easy credit terms that ran up the "for sale" housing business are now busily at work running up the multifamily rental business.

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