Bankruptcy Blogs

Capital is important, but ample loan-loss reserves, governed by stringent supervision, are a much more direct, responsive way to account for credit risk.

Large law firm failures typically produce lengthy and litigious bankruptcy cases. A frustrated lawyer in one such case succinctly described the essential problem: “the assets walk, talk and, worst of all, have their own counsel.” To the inherent tensions and creditor demands of any large chapter 11 case are added  the raw pain, similar to divorce, that many partners feel at the downfall of an institutio

The unexpected collapse of Lon Morris College has Jacksonville, Texas, reaching for the reins of the rodeo arena that it gave to the private, two-year college during the ambitious expansion that led to its downfall.

As an auctioneer prepares to sell off property left on the college’s 112-acre campus, Jacksonville leaders are trying to make sure that the rodeo grounds aren’t included. Instead, they want the property returned to the city, which deeded the property to the college in 2009.

The current argument for new MMF "remedies" seems implicitly to be based on the assumption that runs cannot be anticipated and on the notion that the run that followed Reserve's action sprung unexpectedly and without warning from the Lehman filing.

Receiving Wide Coverage: Well, that's that. Despite a few seats changing hands, both the executive and legislative branches are going to look the same as they did before the election, plus one Elizabeth Warren. How we got there involves a feisty Republican primary, plenty of vitriol over basic facts and statistics, and a broad win for the president that was shallower than the one four years ago. ...