Bankruptcy Blogs

Tribune Seeks To Pay $675,000 To Controversial Ex-CEO

11/23/11
Associated Press
Tribune is seeking bankruptcy-court approval to pay former chief executive Randy Michaels a $675,000 bonus.

The Internet is abuzz with the news that ne

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Kindle and ePub Versions of Bankruptcy Code

11/23/11

One of my crack research assistants, Scott Cromar, put together electronic versions of the U.S. Bankruptcy Code and Federal Rules of Bankruptcy Procedure (FRBP) that can be read using Amazon Kindle or an ePub reader. Because these books were assembled using public-domain materials from the U.S. government, we are making them available free of charge. Keep reading after the page break for links and more information.

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Fees Alone Won't Fix Banks' Revenue Shortfall

11/23/11

Imposing fees risks further alienation of consumers, raising the stakes on the "dare" to consumers to find other ways to meet their financial needs. And there are new and better ways for banks to make money.

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What is Credit Bidding in Bankruptcy?

11/23/11

Credit bidding is a right that secured creditors have in bankruptcy sales allowing them to control the sale of their collateral. When collateral that secures a lien is proposed to be sold at a bankruptcy auction, a secured creditor is allowed to bid the amount of its debt as a credit bid, i.e. not a [...]

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The Daily Docket: Medicis Buys Graceway

11/23/11

Medicis Pharmaceutical Corp. won bankruptcy court approval Tuesday to close on the $455 million acquisition of Graceway Pharmaceuticals LLC, after a fight with an advertising agency that claimed its intellectual property was caught up in the deal. Read the Daily Bankruptcy Review story here.

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Rothstein Auction Raises Thousands For Creditors

11/22/11
Getty Images
Auction ringman Harlan Powers relays a bid during an earlier government run auction, in June 2010, of convicted Ponzi schemer Scott Rothstein’s cars and boats in Fort Lauderdale, F
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Mortgage Principal Can Be Cut Without Moral Hazard

11/22/11

Harp II will only be an indirect help to housing. Addressing the challenges of negative equity and shadow inventory will require new thinking on the strategic use of principal reductions.

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Citigroup Borrows from Cookie Jar

11/22/11

There is always room to maneuver when a balance sheet number represents "management's best estimate."

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FINANCIAL LAWYERS CONFERENCE

11/22/11

FINANCIAL LAWYERS CONFERENCE -- Thursday, December 8, 2011 214 Main Street, #336, El Segundo, CA 90245 (310) 322-1350 · Fax (310) 615-4581 WEB SITE: www.financiallawyers.org Constructive Trust And Other Non-Bankruptcy Law Rights And Remedies: Do You Have More Than A...

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The Daily Docket: PSE&G Wants Dynegy Bankruptcy Case Tossed

11/22/11

Public Service Enterprise Group Inc. wants Dynegy Inc.’s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy Review story here.

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