Bankruptcy Blogs

The Chapter 7 Bankruptcy Life Cycle

08/19/11

The whole purpose of chapter 7 bankruptcy, under the United States Bankruptcy Code, is to provide a fresh start to individuals that are honest debtors who need a fresh start and who otherwise do not have the ability to repay their debts.  Chapter 7 involves the filing of a petition under the United States Bankruptcy [...]

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The Daily Docket: NewPage May Enter Bankruptcy

08/19/11

NewPage Corp., a struggling Midwestern paper maker controlled by Cerberus Capital Management LP, warned in a regulatory filing that it may have to file for bankruptcy protection if it’s unable refinance its crushing debt load. Read the Daily Bankruptcy Review article here.

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Overemphasis on Coaching Kills Sales at Bank Branches

08/18/11

While coaching is important, it would appear that "leading by example" is significantly more important.

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Recovery Plans Need More Attention than Living Wills

08/18/11

Why so much focus on resolution rather than encouraging, or requiring, the systemically important financial institutions to develop proper plans for crisis recovery?

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Principal Pay Down in Chapter 13 as a Means of Foreclosure Prevention

08/18/11

As we have discussed recently, here and here, the Federal Housing Finance Agency has asked for ideas about how to dispose of foreclosed properties in bulk.  But there is no reason we shouldn’t take this request as also encompassing reducing foreclosed inventory by preventing foreclosures to begin with.  FHFA has the power to implem

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Tavern on the Green Name Heads to Auction Block

08/18/11
AFP/Getty Images

After a taste of the Tavern on the Green brand, Louis Bivona is hungry for more.

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Omnibus Update on (Declining) Bankruptcy Filing Rates

08/18/11

The June bankruptcy filing figures came out while I was away, and the July figures came out a little late. Thus, I have missed the past two monthly posts on the bankruptcy filing rate. Consider this an omnibus update on the pace of bankruptcy filings. As always, the data come courtesy of Epiq Systems.

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