Bankruptcy Blogs

Can you keep your insurance money from hurricane damage in bankruptcy?

08/29/12

In re Navarrete, Case No. 11-40956, SD TX 2012 In a recent case in the Houston Division of the U.S. Bankruptcy Court, Judge Letitia Paul ruled that a debtor could keep insurance money from a lawsuit settlement for damages to his home from Hurricane Ike.

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Do You Buy Treasury's Claim That Dodd-Frank Aids Small Banks?

08/29/12

The Treasury Department has released an infographic outlining how the financial reform legislation helps to strengthen Main Street banks. Do you agree Dodd-Frank creates a level playing field for financial institutions?

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Petters Trustee Wins Judgment Against Soccer Team

08/29/12

The trustee tracking down funds to pay creditors of Ponzi-scheme orchestrator Tom Petters just scored a goal in bankruptcy court.

Trustee Douglas Kelley, who is overseeing the bankruptcy liquidation of Petters’s former business empire, on Tuesday won a $200,000 judgment against Luxembourg soccer club CS Fola Esch, court papers show.

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Stop Sending Me Bitcoins, Please!

08/29/12

After I wrote a post last week expressing optimism about this technology's potential, several generous Bitcoin fans sent me small donations of the virtual currency. Thank you. Now stop. Please.

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Delaying Bankruptcy Can Cost You More!

08/29/12

I was listening to Car Talk the other day.  A lady called in and described a problem with her automobile.  A noise was emanating from the engine and the noise would change in pitch as the engine revved.

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Combining Fannie and Freddie: The Logical Next Step

08/29/12

Calls from various constituencies in the business to establish a single mortgage-backed security are sensible. But why stop there?

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Who Built It?

08/29/12

We're seeing the back and forth between the Dems and the GOP about "who built it," whether the economy is a function of both public and private action (as artfully expressed by Elizabeth Warren and clumsily imitated by the President) or purely private Galtian will-to-create entrepreneurship. The only interesting thing about the argument is that there even is an argument.

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Tepid Profit Picture for Banks; Watch Out for 'Citizens Arrests'

08/29/12

Receiving Wide Coverage ...

Mixed Bag: The FDIC's quarterly banking profile showed loan growth (encouraging), continued loan-loss reserve releases (nice, but unsustainable) and continued squeezing of net interest margins (not so good) for the second quarter. "The lack of wind in banks' sails ... helps explain why [stock] valuations are downbeat," says the Wall Street Journal's "Heard on the Street" column. Straight news stories in the Journal and Washington Post. ...

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The Daily Docket: Judge Urges Hostess Union to Approve Contract

08/29/12
Agence France-Presse/Getty Images

A bankruptcy judge urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., a proposal both sides acknowledge represents the last hope for s

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If Neil Barofsky Can't Do It, Then Who Can?

08/29/12

The political game in Washington might not be one former SIGTARP Neil Barofsky was willing to play, but it suits Wall Street lobbyists perfectly. What are we, citizens and taxpayers, supposed to do now?

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