Bankruptcy Blogs

In Defense of Jamie Dimon

05/15/12

The JPMorgan Chase CEO's role as industry punching bag du jour has more to do with bad politics than with bad business.

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Article 9 and Bankruptcy Judges

05/15/12

A prior post addressed a proposed amendment to Article 9's official comments stating that the date of an Article 9 filing relates back to the initial filing date even if the debtor did NOT authorize the filing at that time. This post returns to that topic for two reasons. First, although it is risky to generalize, I sense that bankruptcy judges may still be unaware of this proposed am

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Storage Wars and the Credit Practices Rule

05/15/12

A few times I have caught Storage Wars, a television show on A&E. When storage units customers do not pay their fees, the contents are auctioned off by the storage unit company. The show follows professional treasure hunters who bid at these auctions. The catch is that the treasure hunters are purchasing the unit without full knowledge of the unit's contents.

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The Daily Docket: Hostess Can’t Shed Union Deals

05/15/12

: Associated Press

A judge Monday denied Hostess Brands Inc.’s bid to shed deals with its biggest union, the Teamsters, sending the bakery company back to the drawing board as it tries to claw its way out of its

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How Do We Cash In Virtual Currency?

05/15/12

Having established the viability and popularity of virtual currencies, and with the major financial players now involved, the next step is monetization.

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Debtors Can Strip Second Mortgage In Chapter 7 Bankruptcy Says Eleventh Circuit Court

05/14/12

A new court decision by the Federal Appeals Court for 11th Circuit makes it easier people to get rid of their second mortgage on upside down real property through bankruptcy.

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Behind JPMorgan's Big Loss: A Broken Risk Model

05/14/12

JPMorgan's flawed value at Risk modeling failed to catch the danger in its Chief Investment Office. But the metric's elevated readings now threaten the bank's ability to take risk elsewhere.

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Notice: Order in AFA Investment, Inc. Has Substantial Effect on Creditors -- Guest Post Written by Jay Strock

05/14/12

On May 8, 2012, the U.S. Bankruptcy Court for the District of Delaware (the “Court”) entered its Order (the “Order”) Establishing Procedures to Assert Claims Arising under Section 503(b)(9) of the Bankruptcy Code (“503(b)(9) Claims”) in the chapter 11 cases of AFA Investment, Inc. and its affiliated debtors (collectively, the “Debtors”) (Bankr. D. Del. 12-11127 (MFW)).

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