Bankruptcy Blogs

The Scan for Thursday, July 21

07/21/11

Receiving Wide Coverage ... Dodd-Frank Birthday Bash(ing): The retrospectives keep coming. For those who've been living in a cave for the last few months, the Journal reports that whether the law ended "too big to fail" is a matter of debate. Meanwhile the Times' Dealbook interviews Barney Frank and (for the hibernators' benefit) provides a quick summary of bankers' objections to the law. Here's Frank's response to criticisms that the law is too vague: "It's precisely...

[more]

The Daily Docket: No Decision on Dodgers Loan

07/21/11

A bankruptcy judge declined to rule Wednesday evening on the contentious battle between the Los Angeles Dodgers and Major League Baseball over who will fund the team’s Chapter 11 case. Read the Daily Bankruptcy Review story here.

[more]

SEC Provides an Enforcement Roadmap for the CFPB

07/20/11

One early measure of the bureau's commitment to transparency and fairness will be how it approaches its own enforcement processes.

[more]

How to Fix Mortgage Servicing

07/20/11

The business is overconcentrated at megabanks and must open up to specialty players that are better equipped to handle distressed loans.

[more]

Dodgers, MLB lock horns over bankruptcy loan

07/20/11

"The Los Angeles Dodgers fought on Wednesday to keep control of their finances while in bankruptcy, arguing Major League Baseball's offer to provide a $150 million loan was a 'deal with the devil.' " Read more here.

[more]

Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy

07/20/11

Bankruptcy debtors should not reaffirm a mortgage.  Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement.  Yet, lawyers continue to debate whether to reaffirm a mortgage, without compelling argument on the affirmative side, even though state [...]

[more]

Dodgers Called On Goldman, Time Warner Cable for Loan

07/20/11
Getty Images
Los Angeles Dodgers owner Frank McCourt

When the Los Angeles Dodgers set out to find a bankruptcy loan, the team called on the aces of commercial finance, inc

[more]

New Chapter for Kobo as Borders Liquidates

07/20/11
Getty Images

The impending shutdown of Borders Group Inc.

[more]

The Scan for Wednesday, July 20

07/20/11

Breaking News This Morning ... PNC, USB and M&T: "PNC Financial Services Group Inc., U.S. Bancorp and M&T Bank Corp. notched solid second-quarter profit gains as the three regional lenders continued to see marked declines in the funds reserved to cover potentially bad loans." (Journal) Receiving Wide Coverage ... 2Q Earnings: Despite the tepid economy, several big commercial banks sounded hopeful notes about business loan growth, the Journal reports. "KeyCorp went as far as to call the period...

[more]