Bankruptcy Blogs

What the Media Doesn't Get About Small Business Lending

01/13/12

A recent Los Angeles Times story, though a masterpiece of illogic, illustrates how unsound lending and loan administration naturally culminate in destructive servicing decisions.

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Aurora Bankruptcy Lawyer Describes Bankruptcy, Chapter 7 and Credit

01/13/12

The United States has become a credit type of society where everyone needs credit, everybody wants credit and everybody fears that, without credit, they will not be able to function.  I’ve had people come to see me and wondered, if they give up their house and file a Chapter 7 bankruptcy, will anybody let them [...]

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The Daily Docket: Hostess Can Borrow on Loan

01/13/12

A judge on Thursday said Hostess Brands Inc. could begin borrowing on a $75 million loan from a lender group led by Silver Point Capital LP one day after the maker of Twinkies and Wonder bread filed its second Chapter 11 bankruptcy case in less than eight years. Read the Daily Bankruptcy Review article here.

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Pandit Risk Transparency Proposal Falls Short

01/13/12

Making banks show the rigor of their analysis through what-if exercises is all well and good. But investors would be better served if auditors had to tell more about the risks their clients are taking.

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Your Favorite Business Bankruptcy/Restructuring Lingo: A Word of Thanks

01/13/12

Just a word of gratitude to readers for providing great responses to the prior call for corporate bankruptcy lingo. Thanks to your help, UNC Law's advanced business bankruptcy students are collaboratively examining such terms through a wiki and this will help them make an even smoother transition into the professional world. If any new lingo comes to mind, don't hesitate to pass it along! 

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The Election-Year Attacks on Private Equity Make No Sense

01/12/12

Private equity's impact on job creation has come to forefront over the last week. Never in my memory have we had a political issue that so distorts reality in favor of emotion.

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Doak’s Application to Be Southern Montana Lawyer Withdrawn

01/12/12

Sometimes in bankruptcy, as in poker, you’ve gotta know when to hold ‘em and when to fold ‘em. So with an agreement filed Wednesday, Jon Doak decided to lay ‘em down.

After months of attempts by members and creditors of the Southern Montana Electric Generation and Transmission Cooperative to unseat the attorney for Southern Montana, Jon Doak reached an agreement with the Chapter 11 trustee Wednesday to withdraw his application to serve as the company’s bankruptcy lawyer.

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Replace GSEs with Private Investors, Pass the Garrett Bill

01/12/12

The main goal of this legislation is to replace the insolvent secondary market dinosaurs with a private market solution by encouraging investors to participate and increase liquidity.

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