Bankruptcy Blogs

The job of a bankruptcy attorney is to help steer the client in many ways.  First of all, to find out the information, advise on what chapter is best, and then whichever chapter it is, guide them and assist them through that process.  Obviously, you’ve got one case, a Chapter 7, that lasts 110 days [...]

It's been a long wait, but we finally have a published decision from a U.S. Court of Appeals answering whether a trademark license is assignable in bankruptcy without the licensor's consent. On July 26, 2011, the U.S. Court of Appeals for the Seventh Circuit issued an opinion in In re: XMH Corp., written by Circuit Judge Richard A. Posner, and a copy of the opinion is available by following the link in this sentence.

Over at American Banker is the text of Elizabeth Warren's farewell e-mail to the staff of the Consumer Financial Protection Bureau. My favorite line: "An honest market will give companies that provide fair value to their customers a chance to flourish, free from competition with cheaters." The whole thing is worth a read.

Breaking News This Morning ... Barclays to Cut Jobs, Too: Following yesterday's announcement by fellow Londoner HSBC that it would fire as many as 30,000 people, Barclays said it intends to shed 3,000 jobs this year above and beyond the 1,400 the British bank eliminated in the first half. Barclays' first-half profit dropped by a third as it set aside money to compensate customers who bought dodgy payment protection insurance. Investment banking revenue declined as well....