Bankruptcy Blogs

SOPA, PIPA, and Us

01/18/12

Given what a small part of the web we are, it seemed a little melodramatic for Credit Slips to go dark over the proposed Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA). It did seem appropriate at least to add my own voice to the opposition.

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The Daily Docket: FDIC Says BofA Owes Colonial $900M

01/18/12

The Federal Deposit Insurance Corp. says Bank of America Corp. owes the failed Colonial Bank $900 million for losses suffered when Colonial collapsed in the wreckage of Taylor Bean & Whitaker Mortgage Corp.’s multibillion-dollar bank fraud. Read the Daily Bankruptcy Review article here.

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Top 4 Reasons To Call A Foreclosure Defense Attorney

01/18/12

Number 4.  You received a Summons and Complaint for foreclosure.  Now you are being sued by your mortgage company and in danger of losing your property.  You have a short period of time to respond, usually 30days or less in Illinois.

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Celebrities Flock to Yellowstone Club

01/17/12
Reuters
Justin Timberlake is one of the many celebrities who have recently visited the Yellowstone Club.

Move over, Bill Gates.

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How to Help Homeowners, Without Creating Moral Hazard

01/17/12

The key is to make sure that the homeowner is giving up something of value in return for relief of some portion of the mortgage obligation.

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MF Global Owes Elliott $74 Million

01/17/12

Lawyers for the committee representing MF Global Holdings Ltd.’s unsecured creditors and another group of nearly 200 MF Global customers dubbed the commodity customer coalition have filed papers with the U.S. Bankruptcy Court in New York listing the names of their members and what they’re owed from the holding company. Notable among the committee members is Paul Singer’s Elliott Management Corp., which has an unsecured claim against MF Global of $74 million.

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The Daily Docket: Lehman Seeks To Lower Banks’ Loss Claims

01/17/12

Lehman Brothers Holdings Inc. is asking a bankruptcy judge to slash at least $35 billion from what some of Wall Street’s biggest banks claim they are still owed from the investment bank over losses tied to residential mortgage loans that Lehman packaged and sold to investors at the height of the housing bubble. Read the Daily Bankruptcy Review article here.

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