Bankruptcy Blogs

Are Investor’s Ponzi Scheme Profits Recoverable As Fraudulent Transfer Proceeds?

10/03/12

One of the defenses to a fraudulent transfer action is that the debtor’s transfer in question was for “reasonably equivalent value.” The general rule is that a transfer to repay a loan is a transfer for value because the transferor receives a deduction in the principal and interest owed on the debt.

[more]

JPM Calls Schneiderman a Copycat; Bill Gross Calls Uncle Sam a Junkie

10/03/12

Receiving Wide Coverage ...

Schneiderman vs. JPMorgan, Day Two: JPMorgan Chase tells the Journal that New York Attorney General Eric Schneiderman's lawsuit alleging securities fraud by JPM predecessor institution Bear Stearns "recycle[s] claims already made by private plaintiffs." Specifically, a lot of the profanity-laced trader emails and statistics cited by Schneiderman were also in a suit filed against JPM by the bond insurer Ambac. Moreover, a member of Schneiderman's staff worked on the Ambac case at...

[more]

The Daily Docket: Details Emerge About Former Lake Las Vegas Owners

10/03/12

As Lake Las Vegas shows signs of life, playing host to President Barack Obama as he prepares for Wednesday’s debate with Mitt Romney, details are emerging about how billionaire brothers Sid and Lee Bass cashed out of their ownership stake before the resort tumbled into bankruptcy. Read the Daily Bankruptcy Review article here.

[more]

In-Store Branches May Survive Brick-and-Mortar Exodus

10/03/12

It's been my experience that the closing of in-store branches generates more chatter than the fact that another bank often immediately opens and prospers in those exact spaces.

[more]

Dodd-Frank's Derivatives Rules Will Cost Small Banks, Too

10/02/12

Banks with less than $10 billion in assets are exempt from clearing and exchange trading requirements, but as derivative users they will have to post margin, keep records and amend documents.

[more]

How CEOs Can Get the Most Out of Internal Memos

10/02/12

Don't focus solely on cost savings. Instead, articulate that you're willing to look at new ideas and projects to help improve margins. This will inspire managers to tap into a fresh wave of thinking.

[more]

‘Newsies’ Steal the Show in Freedom Chapter 11

10/02/12
Getty Images
The cast of “Newsies” perform onstage at the Tony Awards on June 10, 2012, in New York City.
[more]

The Mortgage Settlement's Big Day

10/02/12

Today, October 2, is the last day for the nation's five largest mortgage companies to implement the servicing reforms in the National Mortgage Settlement. As California Monitor, I issued my first report to highlight one of the most important changes--restricting dual tracking.

[more]

The FSOC: Systemic Oversight or Overlook?

10/02/12

Intended to bring together the entire universe of U.S. financial regulators in the hope that doing so would identify and forestall new risks to the financial system, the FSOC, two years in, has not identified much and can therefore be credited with little forestalling.

[more]

A Federal Bankruptcy Regulator

10/02/12

I was very interested to read a Credit Slips blog post a few weeks ago by Melissa Jacoby concerning the recent paper of Rafael Pardo and Kathryn Watts.

[more]