Bankruptcy Blogs

Involve Congress in Reconsideration of Basel III

11/01/12

Few legislators will have much appetite for setting bank capital policy, but it would be a gross error to mistake that discretion for lack of interest in what those policies will do to local economies.

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Points Guy Explains Credit Scores

11/01/12

Many of my clients ask me how their situation and my proposed solutions will affect their credit score. One of the best explanations of credit scores I’ve seen is in a post on a travel blog called The Points Guy.

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Does it Make a Difference if I File Bankruptcy Tomorrow or Today?

10/31/12

If you wait to file a bankruptcy petition until tomorrow instead of filing it today, it may make a huge difference. Sure, today is Halloween, but that is not the reason it could make such a difference what day you file your bankruptcy case. Timing could be everything.

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Claims of Homeownership's Social Benefits Rise from the Grave

10/31/12

Bubble-era claims about the various ways that owning a house could make you and your children happier are coming back to life.

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Trick or Treat: Bankruptcy Means Test Changes Again

10/31/12

Whether you get a trick or a treat tomorrow when the bankruptcy means test numbers change again depends on where you live.

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Markets and Banks Reopen, But It's Hardly Business as Usual After Sandy

10/31/12

Receiving Wide Coverage ...

Sandy, Day Three: "Power Outages May Last More Than a Week" along the East Coast, says the Journal. "New York City’s subways could take between 21 days and several months to be restored," reports the website Quartz. But the stock market is reopening today, as critics continue to fault the exchanges for insufficient disaster preparedness. (By the way, if you heard rumors yesterday about the New York Stock Exchange trading floor being...

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The Daily Docket: Hawker Files New Exit Plan

10/31/12

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the Daily Bankruptcy Review article here.

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It's Time to End the Tarp Profitability Myth

10/31/12

Press releases continue to repeat Treasury's nonsensical claims about the "profit" the program has produced for taxpayers. But it remains to be seen whether not letting banks go out of business actually benefited anyone.

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To Succeed, Bank Managers Must Play a Team Game

10/30/12

The truest way to reach your personal goals is to show your people, in actions and words, that your priority is helping them reach theirs.

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Don't Expand Uninsured Banking - End It

10/30/12

Banking powers, specifically the power to accept demand deposits, should be limited by Congress to institutions qualifying for federal deposit insurance. Otherwise we face uncontrolled systemic risk from inconsistently regulated entities.

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