Bankruptcy Blogs

Judge Begrudgingly OKs Digital Domain Sale

09/24/12
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A holographic image of Tupac Shakur is seen performing during the 2012 Coachella Valley Music & Arts Festival at the Empire Polo Field on April 15, 2012 in Indio,
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Work with Your State Attorney General to Avoid Enforcement Actions

09/24/12

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

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Why Your Bank's Customers Don't Listen

09/24/12

Big mortgage servicers wonder why borrowers won't respond to attractive refi offers. How can they be surprised? We've overloaded consumers with such an excess of incoming communications through antiquated channels that they ignore almost all of this

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Megabanks Extend and Pretend They Won't Pay for Foreclosure Fouls

09/24/12

It's in consultants' best interests to extend the foreclosure review engagements as long as possible without coming up with an estimate for each servicer of its total liability to borrowers.

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The Daily Docket: House Panel Looks at FCC’s LightSquared Approval

09/24/12

A U.S. House panel on Friday looked into whether the Federal Communications Commission followed its own rules when it gave Phil Falcone’s LightSquared approval for a wireless network in early 2011, a decision that has since been put on hold over global-positioning systems concerns Read the Daily Bankruptcy Review article here.

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Fed Banking Official Meets Often with Banks, Regulators; U.K. to Launch State-Backed Business Bank

09/24/12

Receiving Wide Coverage ... The Fed Dissected: It's been well over a week since the Federal Reserve announced another round of (this time unlimited) quantitative easing, but the U.S. central bank is still making headlines. The Journal has two stories this morning dissecting Federal Reserve Governor Daniel Tarullo's schedule. Their major takeaways include that Tarullo, considered the Fed's top banking regulator, spends a lot of time talking "with Obama administration figures, U.S. regulators and foreign officials"...

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Where Can A Business File Chapter 11 Bankruptcy?

09/24/12

Where may a business file bankruptcy? The president of a small family business based in Georgia called me to ask whether his business could file a Chapter 11 bankruptcy in Florida. The business was a Georgia corporation with offices in Atlanta, Orlando, and Tampa. The caller preferred to file bankruptcy in Florida because he thought doing so would reduce the publicity and his own embarrassment in Atlanta where the president resided.

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The Cure for the Banking Industry, Part I: End the Fed, or At Least Rein It In

09/24/12

As long as the federal government can print money at will, the politicians (both Democrats and Republicans) will accumulate debt until the United States experiences a financial collapse.

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Federal Bankruptcy Insurance Exemption

09/23/12

There are two main federal bankruptcy exemptions for “unmatured” insurance contracts, 11 U.S.C. § 522(d)(7) and (d)(8):

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