Bankruptcy Blogs

The Daily Docket: Judge Approves Lehman Deal With Fraser

08/18/11

A judge on Wednesday approved Lehman Brothers Holdings Inc.’s deal with WCAS Fraser Sullivan Investment Management LLC, which allows Lehman to turn its $5.3 billion commercial-loan portfolio into cash. Read the Daily Bankruptcy Review article here.

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Chapter 7 Explained By An Oak Brook Bankruptcy Lawyer

08/18/11

Chapter 7 bankruptcy cases come in many varieties.  The most difficult chapter 7 bankruptcy case is one where a person has credit card debt that they do not have the ability to repay.  For many years, they might have incurred debt on the credit cards, and they may have been paying the minimum payments for [...]

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Objecting to Credit Card Claims in Bankruptcy

08/17/11

It is becoming more common for debtors to receive notification of a proof of claim in their bankruptcy from a party they have never even heard of, let alone dealt with. This often takes the form of a company claiming to have purchased credit card debt from the credit card company after the debtor filed [...]

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There's a Better Alternative to Government-as-Slumlord

08/17/11

The most important ingredient in any major government-initiated, tenant-to-homeownership program is the commitment of the tenant/homeowner, not the paternalism of the government.

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Seeking Mortgage Modification? The Federal HAMP Program Explained

08/17/11

In response to the nationwide real estate crisis, the Obama Administration unveiled the Homes Affordable Modification Program (HAMP) in 2009 as part of the more comprehensive Making Home Affordable (MHA) Program. HAMP was initially funded with $50 billion in Wall Street bailout money and $25 billion from taxpayer-owned Fannie Mae and Freddie Mac. According to [...]

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Perry, Round 2: Next Time, Gov, Stick to Substance

08/17/11

The Texan presidential hopeful must learn to put policy over hyperbole when he speaks about Ben Bernanke or the Federal Reserve.

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The Daily Docket: Centerbridge Blasts Lehman Plan

08/17/11

New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be. Read the Daily Bankruptcy Review article here.

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