Bankruptcy Blogs

The Daily Docket: Judge Rejects Call for Solyndra Trustee

10/18/11

Solyndra LLC Monday defeated a takeover threat from the U.S. Department of Justice, which demanded the company be put into the hands of a bankruptcy trustee as probes of a $527 million federal loan continue. Read the Daily Bankruptcy Review story here.

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Marijuana Sales Can’t Fund Chapter 13 Plan

10/17/11

Despite state laws legalizing production of marijuana for medical use, it is not a legitimate revenue source to fund a Chapter 13 Plan.  Medical Marijuana laws have been enacted in sixteen states and the nation’s capital city, Washington, DC, as of September 2011.  An additional six states have pending legislation to legalize the use of [...]

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Banks Can Boost the Economy by Aiding Exporters

10/17/11

Banks are the much needed facilitators for the export market, providing financing, greater information flows, risk mitigation and foreign banking relationships.

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Are We Seeing the Demise of Physical Banking?

10/17/11

When I'm asked "How do we get bank customers back into the branch?" my answer is simple. How would you get them back into a Borders or Blockbuster store?

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Our Cousins Have the Right Idea: Sever Trading from Banking

10/17/11

The U.S. and the world should follow the lead of the U.K. Vickers report and "build a fence" around banking, so shareholder equity and depositors' money can be used only to make loans to viable borrowers.

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Madoff Trustee Seeks $5.2M From Jewish Association

10/17/11
Associated Press
Irving Picard

A nonprofit that provides housing, meals, social programs and advocacy for senior citizens in the New York area is the latest charity being

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Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986. So found the Court of Appeal...

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Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986.

So found the Court of Appeal as it dismissed the appeals in the Nortel and Lehman cases.

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Pricing of Banking Products Could Actually Use a Fix

10/17/11

For the banking industry to object to "government price fixing" is a bit ingenuous, if not altogether ridiculous.

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How Much Does It Cost To File For Bankruptcy?

10/17/11

Each bankruptcy case is different and must be evaluated on its own merit.  The filing fees for Chapter 7 are $299.00 and the filing fees for Chapter 13 are $274.00 at the present time.  These filing fees are federal law, so no matter where you file your bankruptcy case, anywhere in the country, those filing [...]

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