Bankruptcy Blogs

Woodridge Bankruptcy Attorney Depicts Filing Under Chapter 7

09/19/11

If you or someone you know is struggling financially help is available.  Title XI in the United States code has two specific chapters that gear towards individuals who are struggling financially.  The first chapter is Chapter 7 and the second chapter is Chapter 13.  They both have specific purposes, procedures and remedies available for people [...]

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The Daily Docket: Dodgers Seeks Court OK to Sell Television Rights

09/19/11

The Los Angeles Dodgers on Friday sought bankruptcy court approval to sell the right to broadcast the team’s future games in a bid to raise funds. Read the Daily Bankruptcy Review story here.

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Chapter 13 Mortgage Mediation Seminar Reports Program Success

09/19/11

Last month I attended a seminar about mortgage modifications in Chapter 13 bankruptcy. There were several points that warrant a series of blog posts.

One speaker compared mortgage mediation in the context of a Chapter 13 bankruptcy with mortgage mediation in a state court foreclosure. He explained why the homeowner usually has a better chance to save his home by filing Chapter 13 and requesting mortgage mediation.

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B of A Should Put Countrywide into Bankruptcy

09/19/11

Unless there is a quick, clear fix to the Countrywide Financial problem, such as the bankruptcy option, B of A stock will continue to languish as the market will always assume the worse.

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The FTC File Suit To Crack Down on Abuses by Internet Payday Lenders

09/18/11

I recently presented a paper at the University of San Francisco School of Law, after which Professor Jesse Markham sent me a link about the FTC’s power to regulate payday loans.  I have been a bit fixated on what the CFPB what might be able to do to regulate these products, particularly the entirely unregulated wolrd of internet payday loans (see my brief musings on that topic in the Harvard Business Law Journal), but I had no idea this had also caught the attention of the FTC.

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U.K's Contingent Capital Promise Is Empty

09/16/11

There was widespread speculation the U.K.'s Independent Commission on Banking would create at large market for contingent capital securities. But its recently released final version of the Vicker's report does no such thing.

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Dallas Stars Lost Nearly $100M In 3 Years Before Bankruptcy

09/16/11
Reuters

The Dallas Stars hockey team was hemorrhaging cash in the years leading up to Thursday’s bankruptcy filing.

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Believing Pain and Fear Outside

09/16/11

But this whole living will thing actually has a way to go -- my latest Dealbook column, up now.

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NewPage - A Good Old Fashioned Free-Fall Chapter 11 Case

09/16/11

Last week’s Chapter 11 filing by NewPage Corporation, a company with assets and liabilities in the billions of dollars, stands as a relative rarity in the current restructuring environment. Running contrary to the “new normal” in larger restructurings, NewPage filed for bankruptcy protection without a pre-arranged or pre-negotiated exit solution, such as a back-stopped rights offering or a stalking

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