Bankruptcy Blogs

Interesting story in today's FT about a case now pending in Tokyo -- although some of the concerns expressed should sound very familiar to US chapter 11 types.

Standard Chartered agreed last week to pay the New York Department of Financial Services $340 million to settle allegations of illegal Iran-related transactions. But that settlement comes with strings.

Receiving Wide Coverage ...

Barclays Branded a Big Disgrace: Newly-minted Barclays Chairman David Walker has got a pretty tough job on his hands when it comes to revamping his bank's image. A new report from British lawmakers calls Barclays' steps towards rigging the London Interbank offered rate "disgraceful," says CNN. It also suggests the Libor scandal stemmed from a "deeply flawed culture" at the bank and was not simply the actions of a "small group of...

In re MCB Financial Group, Inc., Case No. 10-11176-WHD, 2011 Bankr. LEXIS 5502 (Bankr. N.D. Ga. March 31, 2011) (click here for .pdf of order)

An issue that that seems to arise in more and more Chapter 13 cases has to do with the release of car titles.  Even when the vehicle lender has been paid in full in the Chapter 13, there seems to always be a delay