Bankruptcy Blogs

Bankruptcy Court Calls

05/16/12

In connection with some ongoing research, I have noticed that U.S. bankruptcy courts have different approaches to informing the public about matters being taken up in open court. Many provide PDFs of court calls on their websites up to several weeks in advance (recognizing that matters settle, are postponed, or can change for other reasons). But on other bankruptcy court websites, it is difficult to find out what's happening on any given day. Might the informed readership of this blog offer reasons that courts refrain from making that information available on their websites?

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Our Concern for Small Banks' Reg Burden Is Genuine

05/16/12

ABA has been cautioning policymakers for years not to make traditional banks, which had little to do with the financial crisis, pay the price for it.

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Signed, Sealed, But Not Delivered?

05/16/12
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American Airlines’ restructuring has put the airline into frequent conflict with its employees. The latest bone of contention? Peel-off mailing labels.

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Third Circuit Opinion Creates Precedent Important for Secured Creditors

05/16/12

The Third Circuit released a precedential opinion on May 14, 2012 that can greatly impact bankruptcy debtors attempting to reorganize as well as their secured creditors.  A copy of the opinion is available here (the "Opinion").  Because Fox Rothschild was directly involved in this case and argued before the Third Circuit, I will only be providing a brief summary of the Opinion.

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The Daily Docket: Court Reverses Tousa Decision

05/16/12

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read the Daily Bankruptcy Review article here.

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JOBS Act Jumpstart Could Be Risky

05/16/12

The recently passed Jumpstart Our Business Startups Act had the laudable goal of giving small companies easier passage to IPOs, but it did so by unwinding some Sarbanes-Oxley protections and permitting a new method of financing called crowd-funding.

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How Exemption Laws Work Inside and Outside of Bankruptcy

05/15/12

Exemption laws protect your property from creditors Inside of bankruptcy, exemption laws shield certain items of property from the bankruptcy trustee, outside of bankruptcy, exemption laws protect your property from judgment creditors. The first rule to remember is that not all of your stuff is exempt. Each state and even the federal government have laws [...]

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How Exemption Laws Work Inside and Outside of Bankruptcy

05/15/12

Exemption laws protect your property from creditors Inside of bankruptcy, exemption laws shield certain items of property from the bankruptcy trustee. Outside of bankruptcy, exemption laws protect your property from judgment creditors. The first rule to remember is that not all of your stuff is exempt. Each state and even the federal government have laws [...]

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Repeal Volcker, It Wouldn't Have Saved the Whale

05/15/12

If JPMorgan's losses were from a hedging strategy, they would not have been prevented by the Volcker rule, which specifically permits hedging. The problem is hedging is virtually indistinguishable from proprietary trading.

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