Bankruptcy Blogs

The Daily Docket: General Maritime Plunges Into Bankruptcy

11/17/11

General Maritime Corp. voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company’s operations to continue. Click here to read the article in Daily Bankruptcy Review.

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Responding To Debt Collectors

11/17/11

Often people call me and ask me to help them deal with creditors calling to collect money. I always explain that handling collection calls is not legal work, and they will waste money paying attorneys to respond to collection calls.

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Is Bank of America Gambling on Resurrection (or Is BoA Holding the US Hostage)?

11/16/11

What would you do if you were running an insolvent company? The smart thing is to bet big:  go with a high-risk/high-return strategy.  If the gamble pays off, you're solvent, and if not, well, you're already insolvent.  You're playing with the creditors' money. (And without a tort of deepening insolvency, there really isn't a clear downside for management.)  This is gambling on resurrection.  

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OCC Should Embrace Mutual Savings Institutions

11/16/11

The Treasury and the banking industry would like nothing better than to see more credit unions convert to taxpaying banks. This is hardly going to happen if CUs perceive the OCC as an inhospitable regulator of their mutual form.

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Insolvency Law Committee eBulletin

11/16/11

November 16, 2011 Dear Insolvency Law Committee Constituency List members: The purpose of this eBulletin is to provide analysis concerning substantial amendments to the Federal Rules of Bankruptcy Procedure (“FRBP”). In February 2010, the Insolvency Law Committee (“ILC”) submitted comments...

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Blog of the Day: Double Whammy for the FHA

11/16/11

Risk management expert Clifford Rossi looks at two recently released documents on the FHA, which he says together "bear ominous warnings about a portfolio in excess of $1 trillion."

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One Madison Park Developers Fight McDonald’s Payment Demands

11/16/11
Associated Press

Well-heeled real-estate buyers aren’t the only folks unhappy about their delayed move into the defunct Manhattan condominium project

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Challenges for Strategic Planning in the Year Ahead

11/16/11

Implementation of Dodd-Frank, new expectations for risk management, a flat yield curve, uncertainty stemming from unfilled regulatory positions: bank board of directors have their work cut out for them.

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