Bankruptcy Blogs

Global Transaction Coding Would Have Flagged the JPMorgan Problem

05/25/12

If we had a legal entity identifier in place computers would have been capable of aggregating the risk exposures building up in JPMorgan's hedged positions and across its many counterparties.

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The Broke and the Beautiful: Buck Up Edition

05/25/12

This week on The Broke and the Beautiful, rapper Young Buck agreed to a plea deal and has been kicked out of his house. Also, TLC member T-Boz is getting sued for not making car payments.

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Pay to Play Rules Need Not Keep You Out of the Presidential Game

05/25/12

Misinformation from various sources could cause compliance officers to needlessly prohibit bankers from making perfectly legal campaign contributions. Don't let a false impression chill freedom of speech.

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The Daily Docket: Catalyst to Auction Assets

05/25/12

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.

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Bankruptcy: Is Your Pride Holding You Back From Getting Help?

05/25/12

Bankruptcy is a terribly hard thing for most people to consider.  So is surgery.  Oddly many people are more likely to go ahead with a necessary surgery — an invasion of their body — than they are to go see a bankruptcy lawyer.

The irony is that the bankruptcy option may be easier, and certainly less physically painful, than surgery.  And sometimes you might recovery from it faster.

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This Bankruptcy Is Radioactive

05/24/12
EPA

A radioactive waste-treatment center with as much as one million pounds of the stuff sitting around filed for bankruptcy liquidation Thursday.

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Show Aspiration, Not Arrogance, to Rebuild Bank Reputations

05/24/12

Most of us in the banking community are seeking - after the crash - to rebuild trust, shareholder and client loyalty, businesses and lives. As time goes on and memories fade, we should remember the job is not finished

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Dealing With a Financial Surprise

05/24/12

There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt.  If you are on the surprise side of things, as many of us are from time to time, it is important to follow several important steps.  If you just [...]

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Some Bad Mortgages Need Just Temporary Aid

05/24/12

Certain loans were well underwritten and structured, and are underperforming now solely because of job losses. Drastic approaches like modifications and refis are unnecessary to help these ordinarily creditworthy homeowners.

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Forced Into Bankruptcy: The Involuntary Bankruptcy Process

05/24/12

When a company is facing financial distress, the question often comes up whether creditors can "force" the company into bankruptcy. Although the answer is more complicated than it may seem, this post aims to sort out what being "forced into bankruptcy" really means (hint: there are two different ways this can happen) and why it matters to companies and creditors.

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