The parent of American Airlines said Thursday it would ask its bankruptcy judge to reject its existing labor contracts so it can impose its own terms in pursuit of $1.25 billion in savings the carrier maintains are essential for its survival. Read The Wall Street Journal story here.
Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.
The Federal Reserve Board is engaging in a well-intentioned effort that is, sadly, still false science based on complex formulas unproven by rigorous validation.
As a Dallas bankruptcy lawyer, I have clients in all stages of financial hardship. When people come in for a consultation I like to review their situation individually to determine whether bankruptcy is right for them and when is the best time to file. I have found that some people may benefit from waiting a [...]
Monday marked the three-month anniversary of Eastman Kodak Co.’s Chapter 11 filing, so it’s about time for the imaging company’s attorneys and advisers to be callin
Years of a struggling economy have claimed another victim: distressed-debt investors who are raking billions of dollars of bankruptcy winnings off the table are casting about desperately for someplace to put the money to work. Read the Daily Bankruptcy Review story here.
Bethany McLean has a must-read article on Reuters about the role of the SEC's 2004 change in broker-dealer leverage requirements in the financial crisis. The article thoroughly debunks the argument that "the SEC did it" by loosening broker-dealer deregulation.
