Bankruptcy Blogs

Amendments To The Federal Bankruptcy Rules, Including Rule 2019, To Take Effect December 1, 2011

11/16/11

Almost every year, changes are made to the set of rules that govern how bankruptcy cases are managed -- the Federal Rules of Bankruptcy Procedure. The changes address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. There are seven amendments to the national bankruptcy rules this year.

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Amendments To The Federal Bankruptcy Rules, Including Rule 2019, To Take Effect December 1, 2011

11/16/11

Almost every year, changes are made to the set of rules that govern how bankruptcy cases are managed -- the Federal Rules of Bankruptcy Procedure. The changes address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. There are seven amendments to the national bankruptcy rules this year.

[more]

Tepper Snags MF Global Shares

11/16/11
Bloomberg

Hedge-fund manager David Tepper has a history of profiting from the financial distress of others. It’s made him one of Wall Street’s wealthiest investors.

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The Daily Docket: Tribune Faces Creditor Challenges

11/16/11

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here.

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Mercer & Hole is Recruiting in Restructuring & Insolvency

11/16/11

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, has prompted us to grow our Restructuring & Insolvency teams.

[more]

Mercer & Hole is Recruiting in Restructuring & Insolvency

11/16/11

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, has prompted us to grow our Restructuring & Insolvency teams.

[more]

Corzine's $12 million

11/15/11

I know this is a bit tardy, but I've been meaning to post on this. A couple weeks ago, the media were making a big deal about Jon Corzine renouncing the $12 million in severance he is owed by MF Global. But he isn't.  He's walking away from a $12 million general unsecured bankruptcy claim (as far as I can tell he's not secured) against an entity that looks to be deeply insolvent.

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Is Fraudulent Transfer in Joe Paterno's Playbook?

11/15/11

No, fraudulent transfer isn't a fancy football term for a fake handoff.  That's a bootleg.  Instead, it's what you call a bs transfer of an asset to avoid creditors or when you are or are about to be rendered insolvent. And it looks like it might be part of Joe Paterno's playbook.

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Respond to the Occupy Movement with Heightened Customer Care

11/15/11

There are many things that bankers can do to retake the high ground. A good place to start is focusing on the role of trusted financial counselor.

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Give Non-Banks a Nationwide Reach

11/15/11

Non-banks already provide a large portion of small-dollar credit, amounting to billions of dollars annually. Unlike federally insured institutions, they cannot operate efficiently nationwide.

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