Bankruptcy Blogs

Revival on the Head of a Pin: Do U Pari Passu?

04/06/12

Argentina and its most intransigent creditors are duking it out again (or still) in the Second Circuit, reviving the crazy battle over the meaning and import of the pari passu (equal treatment) clause in sovereign debt contracts. For the small but committed contingent of pari passu pointy heads, this is WorldCupOlympicMarchMadnessSuperBowl. For everyone else, this bears watching because an obscure turn in the Argentina story could open the door to enforcement against sovereign debtors in general.

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The Broke and the Beautiful: Newt Gingrich Edition

04/06/12

This week on The Broke and the Beautiful, Newt Gingrich’s think tank elects for bankruptcy protection, and the Dodgers and AFA Foods have a surprising connection. Also this week, Young Buck’s intellectual property is rapping its way toward the auction block.

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Pari Passu Party (on behalf of Anna Gelpern)

04/06/12

This is Adam Levitin posting for Anna Gelpern.  Only the awful illiterative post title is mine.  Here's Anna:

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Eleventh Circuit: No Such Thing as a “Harmless” Debt Collection Lie

04/06/12

Debt Collectors Cannot Use False or Misleading Statements to Collect a Debt Under the Fair Debt Collection Practices Act (FDCPA), a debt collector is prohibited from using false or misleading statements in order to collect a debt. A new decision out of the 11th circuit, reminds us that this rule is to be taken literally [...]

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The Daily Docket: Kodak Seeks to Transfer Billboard Lease

04/06/12

The lights will go out on the Kodak name in New York’s Times Square if the imaging company wins bankruptcy-court approval to transfer the lease to its giant digital billboard there. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Young Buck Songs, Royalties on the Block

04/06/12

Whether you’re a music industry insider or a fan, listen up: rapper Young Buck’s intellectual property, including song compositions and royalties, can be yours.

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Repo Alert: Are You at Risk?

04/06/12

Last year, a potential client called me to say that her car had been repossessed and that she needed help.  I explained that one option would be to file a Chapter 13, then a Complaint for Turnover as a means to get the vehicle back.

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Does Fannie Have No Heart?

04/05/12

Watching Louis Davidson's eviction it became clear to me that nobody in the beltway mansion that Fannie calls home had any sort of compassion for what a homeowner halfway across the country was going through.

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