Bankruptcy Blogs

Blood in the Bankruptcy Waters Draws Claims Traders to Ex-Nortel Employees

07/23/12
Associated Press/Canadian Press

It’s fish-in-a-barrel shooting season over at Nortel Networks Corp., with claims traders peppering ex-employees with offers to pay 70 cents, 80 cents or more for their bankruptc

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The Daily Docket: J.P. Morgan Blames Lehman Management for Demise

07/23/12
Reuters

J.P. Morgan Chase & Co. said senior management of Lehman Brothers Holdings Inc.

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Euro Mess (Continued), Swapping Swaps Regulators, SIGTARP's Kiss-and-Tell

07/23/12

Receiving Wide Coverage ... Europe (Again): It might be taking on the sound of a broken record at this point, but the banking-sovereign-cultural crisis that has been wracking the continent for months has reached yet another "first-ever" crescendo. "Spain's borrowing costs reached a new euro-era high on Monday as fears about the country's wilting economy and government finances outweighed the eurozone's approval of loans to help Madrid recapitalise its banks," reports the Financial Times. Catalonia's addition...

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Student Loans: Legal Loan Sharking

07/23/12

Student Loans: Legal Loan Sharking

Student Loan Sharking. Harsh? NO! Outstanding student loans in this country have exceeded $1,000,000,000.00 (One Trillion Dollars). At least 15% of those loans are "private" loans, meaning not made by a government agency or sponsored lender. So what is the difference.

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Model-Driven Regulation Fueled Bubble, Hobbles Recovery

07/23/12

The Basel capital accords are a serious policy mistake. It's time to return to financial supervision that relies on good judgment and on-site examinations.

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Does Pre-Bankruptcy Planning Permit Transfer Of Car Title To Spouse

07/23/12

Bankruptcy debtors use their $4,000 wildcard exemptions most often to protect cars. The debtor can apply the wildcard only to cars in the debtor's name. For example, if a married couple is considering Chapter 7 bankruptcy and both of the couple's cars are titled in the husband's name the wife cannot apply her $4,000 wildcard exemption to either of the cars because she owns no car.

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Financial-Firm Bar Codes Are Critical. Ask Your Corporate Clients

07/23/12

The 2008 crisis bruised nonfinancial companies that rely on the markets to raise money and hedge risk. Take it from consumer goods makers - global standards like LEI will make doing business easier, in good times and bad.

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After bankruptcy: Changed my mind. Can I still give back the car?

07/22/12

I get a question like this a couple times a week.

 My name is Ben Chambers.

You handled my bankruptcy about 8 months ago it went well–thank you very much.  I just have a quick legal question.

At the time I decided to keep a car my Kia Sorento 2005 and pay the monthly loan amount.

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The Broke and the Beautiful: Anniversary Edition

07/20/12

Can you believe it’s been a year since The Broke and the Beautiful first graced the blogosphere? On this week’s edition, former baseball star turned financial guru Lenny Dykstra pleads guilty to bankruptcy fraud. Also, Young Buck (who coincidentally starred in the very first edition of Broke) gets a prison sentence, and Michael Vick is promoting his memoir.

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Dewey: ‘Clawback’ Plan To Be Modified

07/20/12
EPA

Time out!

The deadline has been pushed back for a proposed “clawback” settlement that was offered to more than 700 former partners of the bankrupt law firm Dewey & LeBoeuf LLP.

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