Bankruptcy Blogs

Top 10 Countdown of Bankruptcy Myths: Will Debtors Lose All Possessions?

12/10/11

Folks are often afraid to file for bankruptcy as they worry that they will be left without possessions–that the trustee will take all their “stuff” or the kids’ “stuff”.   The ones who really worry will even try to gift away property in order to keep it out of the bankruptcy trustee’s possession.   They [...]

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One Bad Apple Can Spoil the Whole Company

12/09/11

Snokist Growers, a century-old Yakima, Wash., cooperative of fruit growers, has been trying to turn bad apples into applesauce. But the company had to file for Chapter 11 bankruptcy protection Wednesday with plans to liquidate after sales couldn’t recover from allegations that it violated food-safety rules.

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The Broke and the Beautiful: American Airlines Edition

12/09/11

This week on The Broke and the Beautiful, “30 Rock” actor Alec Baldwin traded words with American Airlines flight attendants, and TLC gets a cool biopic. Also this week, an Australian Olympic hopeful is swimming in doubt about his chances for 2012.

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The Fed Can't Help Small Business

12/09/11

Floor rates are in place at community and regional banks and it will be difficult, if not impossible, for Fed policy to push longer-term loan rates below those floors.

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The Daily Docket: Dodgers Can Market Broadcast Rights From 2014

12/09/11

A bankruptcy judge Thursday said he would allow the Los Angeles Dodgers to market rights to broadcast their games from 2014 on, over the protest of Fox Sports, the current broadcaster, which said the sale plan threatens to damage its business. Read the Daily Bankruptcy Review article here.

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Lies and Denial: the 2012 GOP Strategy

12/09/11

The last 24 hours have witnessed some remarkable historical revisionism on financial regulation coming out of the GOP.

First, we had one of the most bizarre and simply untrue attack ads I've ever seen, courtesy of Karl Rove's Crossroads GPS outfit. The ad calumnies Elizabeth Warren, claiming that first she was responsible for the TARP bailout and then set out to butter up bankers. Is this man on drugs? Rove seems to be confusing Elizabeth Warren with George W. Bush. 

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This-Is-It EU Summit Eupdate

12/08/11

A few quick thoughts as the Make-or-Break, Life-or-Death, Now-or-Never EU Summit gets going.

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Avoid FDIC Receivership Lawsuits

12/08/11

The FDIC has authorized suits in connection with more than 30 failed banks against approximately 300 individuals to recoup damages of more than $7 billion.

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Fifth Avenue Filene’s Is Dead on Arrival

12/08/11
Rachel Feintzeig
530 Fifth Ave.
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MF Global is the Final Nail in the Principal Banking Coffin

12/08/11

Jon Corzine led the trend of large institutions placing more focus on their own accounts than their clients, while heading Goldman Sachs in the 1990s. It's time to find a new model.

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