Bankruptcy Blogs

Don’t underestimate the maker of the Slip ‘N Slide.

It may seem like it would be all fun and games to represent Wham-O Inc., the Emeryville, Calif., manufacturer of some of your favorite childhood toys, including the Hula Hoop, the Hacky Sack, the Frisbee Disc, and yes, that strip of plastic that used to provide you with hours of semi-painful backyard entertainment.

A bankruptcy judge signed off on Lehman Brothers Holdings Inc.’s deal to trim $3.7 billion from a claim tied to properties in London’s Canary Wharf financial district. Read the Daily Bankruptcy Review story here in The Wall Street Journal.

Bankruptcy Enjoys Federal Oversight Not everyone needs to or should file a bankruptcy case.  Bankruptcy is something that should be a last resort.  But when financial pressures become unbearable, bankruptcy is most likely the best option. First, bankruptcy enjoys federal oversight and protection.  Debt consolidation commercials, which try to stigmatize bankruptcy, conveniently omit the fact [...]

I've got a Dealbook post up about an interesting dispute that has cropped up with regard to the definition of "Bankruptcy Credit Event" as used in the ISDA CDS definitions.

As a debtor’s attorney, one of my goals is to help my client