Bankruptcy Blogs

Banking Goes Sandy Basic, HSBC Prepares to Pay Up

11/05/12

Receiving Wide Coverage ... Banks Take Back Seat: Well, wide coverage...that'd be the election and the hurricane, of course. The only banking story covered by more than one major paper is HSBC's $800 million additional reserve for its U.S. money laundering case. That brings the tab to $1.5 billion, and it could rise "significantly higher." CEO Stuart Gulliver acknowledged the rising tab and correlated reputational damage. The bank lost money in its European and North American...

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Welcome to Mark Weidemaier

11/05/12

Credit Slips is pleased to welcome Professor Mark Weidemaier of the University of North Carolina as a guest blogger. Weidemaier is developing an impressive and important body of scholarship on international financial contracts, public international law, and international arbitration.

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Ultimate Skin in the Game?

11/05/12

Much chatter has been made of Ocwen's acquisition of ResCap at the bankruptcy auction (although not as much as the acquirer of its loan portfolio), but I'm much more intrigued by its pickup of Wilbur Ross's

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Bankruptcy Law Network Attorneys At NACBA

11/04/12

The Fall Workshop for members of the National Association of Consumer Bankruptcy Attorneys is now over.  The authors of posts on Bankruptcy Law Network were well represented in multiple presentations and in attendance.

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Argentina's (not so) unusual pari passu clause

11/04/12

Thanks very much to Credit Slips for inviting me to guest blog. I know that many readers of this blog have been following the pari passu saga unfolding in the Second Circuit.

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Chapter 7 bankruptcy in Pennsylvania: What You Need To Know

11/03/12

Chapter 7 Bankruptcy Overview Bankruptcy is a process, organized under federal law, that allows consumers and businesses alike to shed unmanageable debts and start over financially. Chapter 7 bankruptcy is a powerful tool that allows debtors in Pennsylvania and across the country to discharge credit card debt, medical bills and other unsecured loans. However, don’t [...]

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Crystal Ball Department: Bankruptcy Filings to Rise in a Few Years

11/02/12

Good times in the economy mean goods times a few years later for bankruptcy professionals who deal with consumer cases.  We saw this from the mid-1990s through the 2000s. The last big party in the bankruptcy world was in 2010 (1.5 million non-business cases filed!), a few years after the end of the last debt binge came to a crashing halt starting in 2007.  The reverse is also true.  Bad times in the economy make for fewer bankruptcy filings a few years later, which is what we have been seeing lately.

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Commercial Products Are Changing - Very, Very Slowly

11/02/12

With financial institutions keeping interest rates lower and fees higher on new commercial hybrid accounts, institutions are, in fact, discouraging commercial clients from switching to their new products.

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The Broke and the Beautiful: Re-Break Our Hearts Edition

11/02/12

This week on The Broke and the Beautiful, Toni Braxton’s estranged husband is in trouble, and musician Cat Power might need to cancel her tour. Also this week, the Dan Marino Foundation won’t have to pay the bankruptcy trustee of Scott Rothstein’s law firm.

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