Bankruptcy Blogs

Hockey Teams Drop the Gloves Over Bankruptcy Promotion

09/20/12
Bakersfield Condors Hockey
The Bakersfield Condors

The Bakersfield Condors, a minor league hockey club in California known for promotional stunts like

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What's Your Take on Tim Pawlenty as Megabank Lobbyist?

09/20/12

Personal motivations aside, many felt the hire made sense for the Financial Services Roundtable since it fortifies the trade group's relationship with Congress. What impact do you think Pawlenty is likely to have on banking policy?

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Catholic Restructuring Professionals Form Charity

09/20/12

Critics who see the restructuring world as unholy are left without an attack on the industry’s latest effort to raise money for the poor.

A handful of Roman Catholic professionals in the corporate restructuring industry have rallied their colleagues for a new charity called Catholic Renewal.

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One life, all I need

09/20/12

I weigh in on the possible chapter 11 implications of the many firms rushing to issue as much debt as they possibly can, over at Dealbook.

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Fed Has Opened the Door for China to Push Its Agenda

09/20/12

China blocks U.S. banks from operating there. We should reciprocate. There's nothing to gain from giving keys to our banking system to entities owned and controlled by an adversary state.

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Belize Update

09/20/12

For those of you who read my Dealbook column last month, Alphaville provides an update.

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Banks That Ask Customers to Waive Legal Rights Upfront Get Taste of Own Medicine

09/20/12

Wall Street Journal

Bank of America is accelerating its job cuts, aiming to trim 16,000 positions by the end of the year, according to a front-page story in the paper.

U.S. prosecutors have asked the banks under investigation in the Libor affair to sign "tolling" agreements, in which they promise not to challenge any enforcement actions on the grounds that the five-year statute of limitations had expired. Why would the banks agree to waive a defense against...

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The Daily Docket: Wilbur Ross Wins OK to Buy Lehman’s Navigator Stake

09/20/12

A bankruptcy judge on Wednesday said Wilbur Ross could pay $110.2 million for a stake in Navigator Holdings Ltd. from the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage business, giving Mr. Ross a 56% stake in the gas tanker business. Read the Daily Bankruptcy Review story here.

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The Absurdity of Too Big to Fail Banking

09/20/12

Large banks homogenize their approach to small and midsize companies. That's more efficient for those banks, not necessarily good for the economy. Small and medium-sized banks are better at lending to the firms that create most jobs.

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The Bankruptcy Court Date Per Chicago Bankruptcy Attorney David Siegel

09/19/12

Whether you are filing a Chapter 7 or a Chapter 13 bankruptcy case in Chicago, you will have to go to at least one court date known as a 341 Meeting of Creditors.  The 341 Meeting of Creditors is a meeting where the trustee will swear you when, examine your photo ID and your Social Security card and ask you a series of yes/no questions under oath.  The entire meeting should take anywhere from 5 to 10 min.

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