Bankruptcy Blogs

The Daily Docket: Global Aviation Files Restructuring Plan

09/18/12

Global Aviation Holdings Inc. filed a restructuring plan that would hand ownership of its charter-airline service to its senior secured bondholders and cut its debt by about $168 million. Read the Daily Bankruptcy Review article here.

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Want the 'Underserved' to Borrow More? Really? Here's How

09/17/12

Fanatical insistence on lending to risky borrowers to get them to buy more houses destroyed trillions of dollars. Now there's pressure to make even riskier, unsecured loans to these consumers. A freer, fairer market would do better.

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Ex-Howrey Lawyers Stick Together

09/17/12

About 60 former Howrey attorneys are teaming up, and we’re not talking about a softball team.

No, the attorneys—former contract attorneys and non-equity partners—have joined forces to protect themselves from potential lawsuits to recover the compensation they received before the law firm’s demise and subsequent bankruptcy filing last year.

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Our Credit Scoring System Is Biased Against Renters

09/17/12

Credit Score Accuracy: Theory or Reality? In theory, a credit score is an accurate reflection of the collective payment history of a borrower. Missed a credit card bill three years ago? Mr. Mortgage Lender will see it. Credit scores take on an important role in underwriting because lenders rely on past performance as an indicator [...]

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Banks Can Make Small-Dollar Credit Products Work

09/17/12

Underserved consumers need access to high-quality small loans from financial institutions that are based on sound underwriting and include tools for budgeting and saving.

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QE3 Looking Good for Big Banks, Not Consumers; Ditch Basel III?; Money-Laundering Crackdown

09/17/12

Receiving Wide Coverage ...

QE3,the Weekend After: The analysis of whether the Federal Reserve's latest round of quantitative easing is likely to accomplish anything continues. The Journal suggests big bank stocks will get a boost from Fed chairman Ben Bernanke's big move since it will increase lending and bank-revenue growth. It's also likely to underpin "the nascent housing recovery" and "extend the recent refinancing wave that has lifted mortgage revenue at a host of banks." But,...

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The Daily Docket: Hostess Union Rejects Labor Deal

09/17/12
Agence France-Presse/Getty Images

Hostess Brands Inc.’s second-largest union voted to reject a revamped labor deal, sending the company back to the drawing board as it scrambles to find a way out of bankruptcy.

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This Election Is Our Industry's Only Chance to Fight Back

09/17/12

Congress has punched traditional bankers in the nose, and if we do nothing in the next 50 days, they will continue this abuse with impunity.

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Arbitration Agreements

09/16/12

Brian Wolfman has an interesting post about e-Bay's new arbitration agreement with a class action opt-out.  Curiously, e-Bay's arbitration agreement isn't mandatory, but it is opt-out with a limited opt-out period.  Brian's take is that this opt-out is consumer choice window-dressing:  while there is formally a consumer choice involved, functionally it is meaningless. I agree. 

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