Bankruptcy Blogs

Dewey Docket: Fighting Over the Bones

07/09/12
Reuters

There could be some fireworks Monday afternoon in federal bankruptcy court in lower Manhattan.

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What's 'Abusive'? A $34 Fee for a $5 Overdraft

07/09/12

Unreasonably high taxes generate less, not more revenue for governments. Likewise, banks might make more money with lower fees, and become more compliant and less hated.

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The Daily Docket: IndyMac Leaders to Settle Lawsuit

07/09/12

The former leaders of failed IndyMac Bancorp, including ex-Chief Executive Michael Perry, have agreed to settle a class-action securities lawsuit stemming from the bank-holding company’s collapse four years ago. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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What Is The Bankruptcy Petition?

07/09/12

 The bankruptcy petition is the actual document that is filed with the bankruptcy court.  This petition is a document that lists the assets, liabilities and creditors for the debtor.  Not only will it lose those things but it will also list a summary of a statement of their financial affairs as well as any personal property, their current monthly income and their current monthly expenses as well.

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What Is The Bankruptcy Petition?

07/09/12

 The bankruptcy petition is the actual document that is filed with the bankruptcy court.  This petition is a document that lists the assets, liabilities and creditors for the debtor.  Not only will it lose those things but it will also list a summary of a statement of their financial affairs as well as any personal property, their current monthly income and their current monthly expenses as well.

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"Too Big To Fail?"; JPMorgan's $9B Loss

07/08/12

  BLACK EYE FOR JP MORGANThe "Too Big To Fail" banks are at the center of the current U.S economic prob

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Massachusetts Protections of Cash Value Life Insurance

07/07/12

The Massachusetts laws protecting cash value life insurance might as well be written in Middle English.  They simply cannot be understood by any except the most persistent of us.  Lucky for us, some recent court decisions help us find our way. 

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Location, location, location: ATM Fee Disclosure Edition

07/07/12

The number one agenda item for small banks is to repeal the physical, on-machine disclosure requirement for ATMs.  Yes, I'm serious, that, that is the top agenda item for small banks. And they wonder why they're not doing so well...

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