Bankruptcy Blogs

FINANCIAL LAWYERS CONFERENCE

08/24/11

Stern v Marshall: Anna Nicole, Stripped of Legacy, Forces Bankruptcy System to Rerun Marathon Thursday, October 6, 2011 The panelists will explore the interpretations and implications of the Supreme Court's opinion in Stern v. Marshall, undoubtedly the most important bankruptcy...

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Law Firms as Debtors-in-Possession: Lessons and Cautionary Tales

08/24/11

Los Angeles Bankruptcy Forum Presents its September 19, 2011 Program The Program will address issues that arise upon a law firm's insolvency. Panel members have served as Trustee, Creditors Committee counsel, Debtor's counsel, and special litigation counsel in law firm...

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Judge: Borders Pay Adviser Didn’t Violate Fee Rules

08/24/11
EPA/Matt Campbell

A bankruptcy judge ruled that Mercer Inc., a consulting firm employed to advise Borders Group Inc.

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Mets' Owners Swing for the Fences Against Madoff Trustee

08/24/11

Fred Wilpon, Saul Katz, and their families and affiliated enterprises (the “Wilpon/Katz Group”) last week formally requested the dismissal of the adversary proceeding commenced by Irving Picard, the trustee of Bernard L. Madoff Investment Securities LLC (“BLMIS”). In a two hour hearing before U.S.

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Mets' Owners Swing for the Fences Against Madoff Trustee

08/24/11

Fred Wilpon, Saul Katz, and their families and affiliated enterprises (the “Wilpon/Katz Group”) last week formally requested the dismissal of the adversary proceeding commenced by Irving Picard, the trustee of Bernard L. Madoff Investment Securities LLC (“BLMIS”). In a two hour hearing before U.S.

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Custodian Banks, Brace for Pension Client Revolt Over Overcharges

08/24/11

Global custodians have spent decades using bundled fees to mask egregious conflicts of interest and overcharge pension funds, and by extension the taxpayers and public servants who underwrite them.

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The Foreclosure Saga and How Bankruptcy Could Help

08/24/11

By Aaron Huff Day in and day out the news seems to almost constantly be about the foreclosure rate in the United States.  It’s almost become commonplace.  As regular a story as the local weather.  The recession and downward spiral of the housing market have gone hand-in-hand, and unfortunately have been issues that have been [...]

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'Shared Delusions' Run Deep with Risks

08/24/11

Andrew Kahr's "Systemic Risk Is About Assets, Not Size" rightly focuses on bubble-inflating movements in the aggregate balance sheet of the financial sector. We should expand on three of his points.

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Gold-Coin Dealer Enters Bankruptcy

08/24/11
Associated Press

A little short on change and customer promises, Minnesota coin dealer International Rarities Corp.<

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Foreclosure Crisis in Europe vs US

08/24/11

While European markets have seen increases in mortgage foreclosures, more robust regulatory intervention seems to have kept defaults and foreclosures to much lower levels than we are experiencing in the United States.  At the peak of the crisis a year ago,

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