Bankruptcy Blogs

Learn How to Defeat Debt Collection cases Involving Junk-Debt-Buyers and Other Robo-Signers

08/14/12

Professor Peter Holland (U Maryland Law) has written a fantastic paper explaining in great detail how to defend against a debt-buyer-lawsuit, and possibly recover for Fair Debt Collection Practices Violations as well.

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Two Nations Divided by a Common Language and a Grandstanding Regulator

08/14/12

Receiving Wide Coverage ...

Still More StanChart: The money-laundering allegations against Standard Chartered have further strained relations between U.S. and U.K. financial regulators, which were already testy from recriminations after the Libor scandal, according to the Journal. In the FT, columnist Tom Braithwaite says U.K. officials come off "thin-skinned" in their rush to defend StanChart against the accusations by New York state regulator Benjamin Lawsky. "Implicit — and sometimes explicit — in the wave of London...

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The Daily Docket: Elpida Files Exit Plan

08/14/12

Elpida Memory Inc. bondholders have filed a bankruptcy-exit plan that values the company at $3.85 billion, well over the price rival Micron Technology Inc. has offered to pay for the distressed chip maker. Read the Daily Bankruptcy Review article here.

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Statistical Quirks Confound Lending Bias Claims

08/14/12

The complaint against Wells Fargo highlights problems in comparing borrowers from different racial and ethnic groups.

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Everything You Always Wanted to Know About CDOs (But Were Afraid to Ask)

08/13/12

Bill Bratton and I have a new paper out, called A Transactional Genealogy of Scandal:  from Michael Milken to Enron to Goldman Sachs.

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Aggressive Credit Unions Find New Loophole in Lending Limit

08/13/12

Their regulator has achieved for them by administrative fiat what they have been unable to accomplish in Congress.

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Debt Collectors: Who They Are And The Laws That Stop Them

08/13/12

Debt Collection Companies: What You Need To Know When you fall behind on a debt for an extended period of time, creditors will often send your account to “collections.” As many of you probably already know, this means that you will have a debt collector calling and writing to you in an attempt to collect [...]

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The Daily Docket: Lehman Trustee to Sell Gas Tanker Stake

08/13/12
Reuters

The trustee unwinding Lehman Brothers Holdings Inc.’s brokerage business has agreed to sell the company’s stake in a gas shipping business to Wilbur Ross for $110 million.

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Wall Street Sets the Rules for Regulators

08/13/12

Regulators currently entrusted with the task of policing Wall Street are facing a well-funded, well-connected and politically shrewd beast.

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StanChart Is Having a Hard Time Getting to 'Yes' with Lawsky

08/13/12

Receiving Wide Coverage ...

StanChart Update: Standard Chartered is trying to settle New York state regulators' allegations it laundered money for Iran, ahead of a hearing scheduled Wednesday on whether the U.K. bank should keep its local license, the FT reports. However, there is a sizable bid-ask spread in the negotiations, as it were: Benjamin Lawsky's Department of Financial Services wanted $500 million, and StanChart came back with an offer of $5 million, which the regulator...

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