Bankruptcy Blogs

Lehman Brothers Holdings Inc. says Deutsche Bank AG is suffering from a case of “buyer’s remorse” after buying more than $2 billion in bankruptcy claims from Lehman’s second-largest foreign affiliate on a bet that it along with some of Wall Street’s savviest hedge funds would reap big profits under the investment bank’s restructuring plan. Read the Daily Bankruptcy Review story here.

To argue that a bank in Horton, Kan., should have the same regulations as the nation's largest financial institutions is ludicrous.

"Face It, Bankers: You're Not Apple" contends banking shouldn't focus on innovation and instead should act like the utility sector. When was the last time the water company created a Visa or PayPal?

Chapter 13 bankruptcy may provide some relief to borrowers overwhelmed with debt. Often, the most significant benefit that bankruptcy offers is the discharge of debt. The discharge releases the debtor from all debts included in the bankruptcy. Under current bankruptcy law, creditors included in the bankruptcy may not initiate or continue any legal or other [...]

This is something that your attorneys will do when they prepare the bankruptcy petition.  Schedule B makes one list everything they have from cash on hand, checking accounts, savings accounts, household goods, clothing, cars, retirement accounts, life insurance policies, stocks, bonds, injury case proceeds, inheritance proceeds.  Schedule B is a very complete exhaustive section, whereby [...]