Bankruptcy Blogs

Occupy Bank of America?

12/24/11

Who knew that Mitt Romney had outflanked Obama on the left? Well, it took Nixon to go to China, but I expect we'll see a lot of backpedaling here. 

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What is a Fulcrum Security in Bankruptcy?

12/23/11

In bankruptcy there is a hierarchy in the right to get paid. Secured creditors come before unsecured creditors who, in turn, come before stockholders. Senior creditors get paid in full before their juniors get anything. In a Chapter 11 bankruptcy scenario, there is usually a tier of creditors that is only partially “in the money.” [...]

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What I Learned Working at the Original Too Big to Fail Bank

12/23/11

Continental Illinois' internal auditors had been documenting the deterioration of underwriting quality. Unfortunately, no one listened.

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What I Learned Working at the Original Too Big to Fail Bank

12/23/11

Continental Illinois' internal auditors had been documenting the deterioration of underwriting quality. Unfortunately, no one listened.

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Rapper Young Buck faces losing his trademarked name in bankruptcy case in Nashville

12/23/11

"Multiplatinum rapper Young Buck could lose his name and other assets in a bankruptcy case that the rapper says is frustrating his attempts to sign with a new record label. Davidson County Bankruptcy Judge George Paine converted the artist’s bankruptcy...

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Rapper Young Buck faces losing his trademarked name in bankruptcy case in Nashville

12/23/11

"Multiplatinum rapper Young Buck could lose his name and other assets in a bankruptcy case that the rapper says is frustrating his attempts to sign with a new record label. Davidson County Bankruptcy Judge George Paine converted the artist’s bankruptcy...

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Happy Holidays from Bankruptcy Beat!

12/23/11
Associated Press/Fort Worth Star-Telegram
Ricky Allen’s dog, Tucker, sports holiday attire on the way to the annual Big Texas Toy Run on Dec.
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How Does the New Federal Venue Law Affect Corporate Bankruptcy?

12/23/11

On December 7, 2011, President Obama signed the Federal Courts Jurisdiction and Venue Clarification Act of 2011, H.R. 394, P.L. 112-63. The bill does not amend 28 U.S.C. 1408, the primary venue provision for bankruptcy cases in the U.S. Nonetheless, the changes should make us think again about the propriety of place of incorporation as a basis for chapter 11 venue (hat tip to Elizabeth Gibson, who figured this one out right away).

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The Daily Docket: Lehman Seeks Approval of $390M Deals

12/23/11

As Lehman Brothers Holdings Inc. prepares to start paying out some $65 billion to its creditors, it’s seeking approval of deals to bring more than $390 million into its coffers. Read the Daily Bankruptcy Review article here.

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