Bankruptcy Blogs

The Daily Docket: Hostess Gets ‘Flood’ of Interest in Its Brands

11/26/12
Zumapress.com

Hostess Brands Inc. said it received a “flood” of interest for its brands and assets since announcing its liquidation.

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Only Charles Schwab Could Go to China; Auto Lending in Overdrive

11/26/12

Receiving Wide Coverage ... Breakthrough in MMF Debate: You might have missed this over the long holiday weekend: Charles Schwab is now backing reform of money market mutual funds. Specifically, the brokerage's CEO, Walt Bettinger, wrote in a Journal op-ed that his company would support requiring a floating net asset value for "institutional prime" money market funds. "Institutional" meaning funds whose shares are concentrated in the hands of relatively few holders, making them more prone to...

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How Community Banks Can Fight Back Against Basel III

11/26/12

To prove and defend their capital adequacy, community banks must focus on linking the results of stress testing to the core principles that underlie Basel III's standalone ratios.

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Et Tu, FT? (Pari Passu Edition)

11/25/12

Laugh, cry, give up: the Financial Times editorial argues for Supreme Court review of Judge Griesa's decision because not enough countries use collective act

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Chapter 13 Bankruptcy: Can I Pay One Debt Better Than Others?

11/25/12

Everyone with debts has at least one bill they’d like to pay, even if they can’t pay them all.  So if you are already filing Chapter 13 bankruptcy and repaying some debt, why not treat some better than others?

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Fruits, Vegetables, Exercise, and…Bankruptcy?

11/25/12

If you find yourself deep in debt and are desperately trying to avoid bankruptcy, it might be time for a paradigm shift. Not only does bankruptcy provide relief from debt, it provides relief from chronic stress that can lead to poor health. Constantly worrying about bills and your financial future is far more toxic than [...]

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Your Bankruptcy Trustee Surfs Social Media Too — Or, How to Pay Twice for Your Luxury Vacation

11/24/12

A well-dressed, young couple was sworn in at their bankruptcy meeting of creditors (341 hearing). The trustee asked the usual questions.

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Payment Plans and Chapter 7 Bankruptcy

11/23/12

I wanted to write something about payment plans and Chapter 7 bankruptcy. First of all, I am a Massachusetts attorney and these thoughts are restricted to the here in my state. Although the laws related to bankruptcy payment plans are federal, local practice may vary somewhat state by state.

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NML v. Argentina: No love for exchange bondholders

11/22/12

Anna Gelpern has already posted on the pari passu wipeout of Argentina. As she noted, NML got pretty much everything it wanted. By contrast, the exchange bondholders got no love whatsoever. The district judge dismissed their argument that it was unfair for NML to get 100 cents on the dollar when they had received only 30.

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