Bankruptcy Blogs

What is Bankruptcy?

12/16/11

Bankruptcy Relief Hasn’t Always Been Available Bankruptcy is a process under federal law whereby individuals as well as businesses can shed unmanageable debt and start over. Under the right circumstances, filing for bankruptcy can provide tremendous relief, however, for much of history, the concept of discharging debt was quite foreign. Historically, individuals who could not [...]

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The Daily Docket: Delta Petroleum Files for Bankruptcy

12/16/11

Oil-and-gas company Delta Petroleum Corp. filed for Chapter 11 protection with $57.5 million in bankruptcy financing lined up to fund its continued operations. Read the Daily Bankruptcy Review story here.

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Wall St. seeks dismissal of Ala. record bankruptcy

12/15/11

"Wall Street creditors asked a judge Thursday to throw out the record bankruptcy filed by Alabama's largest county over more than $4 billion in debt, arguing state law doesn't allow it." Read more here.

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Wall St. seeks dismissal of Ala. record bankruptcy

12/15/11

"Wall Street creditors asked a judge Thursday to throw out the record bankruptcy filed by Alabama's largest county over more than $4 billion in debt, arguing state law doesn't allow it." Read more here.

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Both the Merchants and the Fed Misread Durbin

12/15/11

The Durbin amendment is clear and straightforward. The Federal Reserve board is required to establish standards. Not fix a cap.

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Jefferson County Can’t Afford Another Natural Disaster

12/15/11
Associated Press
The Army Corps of Engineers gets rid of debris in the tornado affected area of Walker, Ala., on May 31.

Fearful of a future financial punch, Jefferson County

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BLOG OF THE DAY: Giving the Lie to LIBOR

12/15/11

If the big banks started gaming LIBOR to save face, did they continue doing it to make money?

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Florida – Plaintiff Must Prove Ownership at Time Foreclosure is Filed

12/15/11

In the latest foreclosure decision out of Florida,  the 4th District Court of Appeal, in the case of McLean v. JP Morgan Chase, ruled that the plaintiff in a foreclosure must prove it owns and holds the note at the time the foreclosure case is filed. In the McLean case, the appellate court reversed the [...]

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The Daily Docket: Thornburg Trustee Renews $1.9 Billion Attack on Banks

12/15/11

The trustee of defunct mortgage lender Thornburg Mortgage Inc.is renewing his attack against some of the biggest players on Wall Street’s mortgage-finance assembly line—including affiliates of J.P. Morgan Chase & Co., Citigroup Inc. and Credit Suisse Group AG—accusing them of scheming to strip Thornburg’s assets until it collapsed into bankruptcy. Read the Daily Bankruptcy Review story here.

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How Can Bankruptcy Turn the Tables for the Debtor

12/14/11

How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision.  Making the decision to file for bankruptcy is an important one, and one that needs to be given considerable weight.  However, it is also important to see the [...]

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