Bankruptcy Blogs

AMR Tells Employees of Plan to Dump Pensions

02/01/12
Associated Press

American Airlines parent AMR Corp.

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Why Capital Is a Poor Predictor of Bank Failures

02/01/12

The fact of the matter is that banks can manipulate earnings, and consequently capital, through decisions about loss provisioning.

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Chapter 13 Wage Deduction Order For Defense Industry Employees

02/01/12

Chapter 13 plans have a very high completion rate when debtors agree to pay using a wage deduction order. Payment is more likely when deducted from your paycheck as opposed to having to discipline yourself to give the Chapter 13 payment priority over other household expenses. 

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NewPage Seeks to Shield Officials from Investor Grilling

02/01/12

NewPage Corp. says its executives are in danger of being treated like pawns as second-lien investors seek to probe the company’s plans for bonuses.

A bankruptcy judge has scheduled an emergency hearing Wednesday on the company’s bid to protect executives from being grilled by the investors.

The bonuses are linked to a turnaround business plan for NewPage, a preliminary proposal to the company’s Chapter 11 plan that will ultimately say how much each group of creditors will collect.

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Mama Don't Take My Kodachrome Away!: Kodak's Chapter 11 -- A Bridge Over Troubled Water

01/31/12

Eastman Kodak Company’s bankruptcy is another in a string of recent chapter 11 filings by established brand names that lack a clear exit strategy (others are Borders,

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How to Find a Spanish Speaking Bankruptcy Lawyer in San Jose

01/31/12

First and foremost:  Call him or her.  Talk to the attorney!  Speak to the attorney in Spanish.  Can he or she communicate intelligently with you over the phone?  Do you feel comfortable communicating directly with the attorney in Spanish? There are many bankruptcy attorneys in San Jose, Fremont, Milpitas, Santa Clara, and the entire San [...]

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Claims that Freddie Mac 'Bets Against Homeowners' Are Bunk

01/31/12

Caught between Democrats and Republicans, Freddie Mac is guilty of the ultimate sin: owning something it can't easily explain.

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Change Your Bank Before Shareholders Make You Do It

01/31/12

Shareholders, forgotten in post-crisis banking, are rediscovering their rights and beginning to challenge bank managements.

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Arbitration Double Standards

01/31/12

A case out of the Third Circuit demonstrates the frustration that many of us have with the current state of consumer arbitration law. The consumer had purchased a Dell computer that he alleged had design flaws leading to repeated failure of his motherboard. After Dell refused to fix the computer a third time, he brought a class action against Dell for the alleged design defects.

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Private Equity Works on Its Image Problem

01/31/12

Bloomberg out with an interesting story about how private equity firms are buying single family homes at foreclosure to rent out. It surprises me that there is real interest in what remains a relatively small scale, highly heterogeneous asset.

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