Bankruptcy Blogs

Blog-on-Blog Violence With Brant ‘Princes of the City’

06/22/12

Seriously, after a couple of the family’s paper businesses have been forced to seek bankruptcy protection, you would think the teenage Brant brothers, crowned “The New Princes of the City” in the New York Times style section, could do a little more to sell newspapers.

However, 18-year-old Peter Brant II and Harry, who at 15 is “omnipresent on the New York social scene,” are the stuff of which fashion blogs are made, the Times reports.

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Eaton v. Fannie Mae Analysis

06/22/12

The Massachusetts Supreme Judicial Court finally issued its long-awaited ruling in Eaton v. Fannie Mae. This case involved the question of whether a "naked mortgagee"--a mortgagee that was not also the holder of the promissory note--had standing to foreclose.

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Replace Fee Income with Free Checking. Really

06/22/12

Instead of raising revenue by adding new fees, why not focus on raising revenue by creating real, tangible incentives for customers to do more of their financial business with one institution?

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The Broke and the Beautiful: Stronger Edition

06/22/12

This week on The Broke and the Beautiful, Teresa Giudice says bankruptcy made her stronger, and “Octomom’s” home went into foreclosure. Also, creditors of Soup Kitchen International, made famous by the Soup Nazi character on “Seinfeld,” are stewed.

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Ritz Camera, Parent of Wolf Camera and Boaters World, Files Chapter 11 Petition in Delaware

06/22/12

Ritz Camera & Image, LLC, and Ritz Interactive, LLC filed Chapter 11 Petitions in Delaware today.  The Ritz Camera case is Case No. 12-11868 (click here for Chapter 11 petition).  The debtors have filed a Motion for Joint Administration under the Ritz Camera case number.

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Not Required, But Still Appropriate - Judge Glenn Appoints Examiner in ResCap

06/22/12

The chapter 11 case of mortgage lender and servicer Residential Capital, LLC (“ResCap”) is fascinating on a number of levels. Its parent company, Ally Financial, Inc.

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The Daily Docket: Houghton Mifflin Can Leave Bankruptcy

06/22/12
Associated Press
The Curious George balloon makes its way along JFK Boulevard in Philadelphia during the Thanksgiving parade in November 2011.
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You get what you pay for with cheap bankruptcy advice.

06/22/12

C. C. Chapman is a big shot in the world of marketing and motivational speaking.  He sells advice, not bankruptcy advice, he talks and people listen. He tells people what he knows and he does it at events big and small.  For the right price, he is the go-to-guy.  And that price can be big or small, depending on the circumstances, because he figured out the need to charge for his services based on his value.  And he measures value based on the needs of his clients.  In doing so, he also learned to say no to people who do not value his time – people who want something for free.

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Securitization Fail-Litigation Update

06/21/12

The wheels of litigation move slowly, but there are a couple of recent securitization fail litigation decisions that are worthy of note. First, in the Congress case, a wrongful foreclosure action in Alabama (see my previous blogging on it here), the Alabama appellate court reversed and remanded, a victory for the homeowner.

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Reason 487 To Hire A Lawyer For Your Bankruptcy Case: Judicial Estoppel

06/21/12

Let’s say someone does a bad thing to you, and you think you’d like to sue them. Maybe you have a case, maybe not. It doesn’t matter right now.

Anyway, you cool off a bit and decide it’s a better idea to just let it go. Let bygones be bygones and all that.

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