Bankruptcy Blogs

Right

06/11/12

Blackstone on Chase, via Bloomberg:

“Occasional losses are inevitable,” said Blackstone Group LP’s Stephen A. Schwarzman, 65, CEO of the largest private- equity firm. “Publicly excoriating JPMorgan serves no purpose except to reduce people’s confidence in the financial system.”

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Workers Say World Trade Steel Supplier’s Survival on the Line

06/11/12
Associated Press
Steel from Wheeling Corrugated has been used to rebuild the World Trade Center site.

Employees of a West Virginia steel company whose products have been used in such feats of engineering as the Hoover Dam and the

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Making Banks Boring

06/11/12

Bloomberg has an editorial arguing that making banks boring won't prevent a crisis; only increasing bank capital will do so.  

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The Daily Docket: Tribune Creditors Look at Post-Bankruptcy Litigation

06/11/12

As Tribune Co. closes in on confirmation of its Chapter 11 plan, attention has turned to the big-ticket litigation over the failed leveraged buyout that drove the media company to bankruptcy more than three years ago. Read the Daily Bankruptcy Review article here.

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Credit Default Swaps: Market or Mud Pit?

06/11/12

True markets are transparent, competitive, regulated and fair. None of these adjectives accurately describes the CDS business.

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Chapter 7 Bankruptcy Debtors Face Eviction From Upside Down Homestead As Investors Circle Above

06/11/12

As the real estate market begins its recovery some real estate investors are showing an interest in acquiring houses involved in bankruptcy. One of my clients filed a joint Chapter 7 bankruptcy and indicated he would surrender his interest in his upside down homestead. They did not claim the homestead exemption on his bankruptcy schedules, and therefore, they qualified for two $4,000 wildcard exemptions. The home mortgage was several months in arrears.

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Allied Systems Holdings Files Another Chapter 11 Petition...One Week After Prior Chapter 11 Ends.

06/11/12

Allied Holdings, Inc. and related entities , based in Decatur, Georgia, filed Chapter 11 petitions in the Northern District of Georgia on  July 31, 2005 (Ch. 11 Case No.

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Aurora Bankruptcy Attorney David Siegel Says Don’t Fear Your Meeting Of Creditors

06/11/12

According to Aurora bankruptcy attorney David Siegel, the meeting of creditors is provided pursuant to this Section 341 of the United States Bankruptcy Code.  The meeting is often referred to as the 341 meeting of creditors or your bankruptcy court date.  At the meeting of creditors, you along with your attorney are going to be [...]

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Joliet Bankruptcy Attorney David Siegel Explains The Automatic Stay

06/11/12

Joliet bankruptcy attorney David Siegel states that the automatic stay is created immediately upon the filing of your bankruptcy case whether it be a Chapter 7 or a Chapter 13 case.  The automatic stay is a one-page document that gets sent to creditors notifying them of your bankruptcy and prohibiting them from taking certain actions.  [...]

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Election Results Will Be Guaranteed Sweep for Dimon

06/11/12

In a presidential campaign focused on who destroyed the most jobs and caused the most misery, why would both candidates take time out to praise Jamie?

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