Bankruptcy Blogs

Omega Navigation Enterprises (ONAV) Voluntarily Files for Bankruptcy Protection in Texas

07/12/11

A group of affiliated companies - Omega Navigation Enterprises, Inc.; Galveston Navigation Inc.; Beaumont Navigation Inc.; Carrolton Navigation Inc.; Decatur Navigation Inc.; Elgin Navigation Inc.; Fulton Navigation Inc.; Orange Navigation Inc.; Baytown Navigation Inc.; and Omega Navigation (USA) LLC – voluntarily filed for chapter 11 bankruptcy protection on Friday in the Federal bankruptcy court in Houston, Texas.  The companies [...]

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ArchBrook Laguna Holdings Files for Chapter 11 Bankruptcy Protection in New York

07/12/11

ArchBrook Laguna Holdings LLC and several affiliated companies – ArchBrook Laguna New York, LLC; ArchBrook Laguna, LLC; ArchBrook Laguna West, LLC; Expert Warehouse, LLC; Lehrhoff ABL, LLC; and Chimerica Global Logistics, LLC – voluntarily filed for chapter 11 bankruptcy protection in New York City on Friday. The companies plan to use the bankruptcy filings to [...]

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Goldman Sachs’ Chief U.S. Economist: 15% to 20% Chance of Renewed Recession in 2012

07/12/11

In a WSJ interview, Goldman Sachs’ chief U.S. economist Jan Hatzius says he sees a 15% to 20% chance of renewed recession next year. However, his baseline forecast is still for a resumption of stronger growth in the second half of 2011 and into 2012.   View the video of the interview on our blog: http://blog.ch11cases.com/2011/07/goldman-sachs-chief-us-economist-15-to.html

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Thanks for the Insurance Memories (and Lessons), Professor Schwarcz

07/12/11

This past week we were lucky to be edified by guest blogger Professor Daniel Schwarcz from the University of Minnesota School of Law. I bet Daniel is a great teacher. I mean, the guy can make insurance interesting, if not downright scandalous!

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Read the 11th Circuit’s Opinion Affirming the Denial of a Motion to Amend Bankruptcy Claims Post-Confirmation from the Winn-Dixie Stores Bankruptcy Cases

07/12/11

The Eleventh Circuit Court of Appeals affirmed a district court decision (which had, in turn, affirmed a bankruptcy court decision) sustaining the debtors’ (Winn-Dixie Stores, Inc. et al.) objections to the appellants’ (IRT Partners, L.P. and Equity One, Inc.) attempt to amend their claims post-confirmation of the debtors’ plan of reorganization. The claims arose in [...]

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WSJ Interview of Economist John Taylor: We Are In a Balance Sheet Recession

07/12/11

Summary: Top economist John Taylor says his “biggest worry” is that the U.S. economy will be anemic for years and unemployment remain high. He does not, however, advocate any additional stimulus from the government or the Federal Reserve.   View the video on our blog: http://blog.ch11cases.com/2011/06/wsj-interview-of-economist-john-taylor.html

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Bank of America's Alarmingly Modest Goal for Basel III Capital

07/12/11

The largest bank holding company by assets in the United States, with operations spanning the globe, is shooting for only 6.75% to 7% of Basel III Tier 1 common equity. Come again?

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Get Paid or Die Trying

07/12/11
James Atoa/Everett Collection
50 Cent

Some days you can find rapper 50 Cent in the club, but next week you’ll find him—well, his lawyers, at least—in the court.

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How Does a Divorce Affect My Bankruptcy?

07/12/11

By: Aaron Huff Divorce filings and Bankruptcy filings often intersect.  In my years as an attorney practicing heavily in bankruptcy law, I have seen countless individuals in consultations where a divorce is an issue.  It is such a frequent occurence that I even list a “divorce decree” as part of the relevant documents in my [...]

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Set Capital Levels That Won't Wipe Out Banks' Thin Profit Margins

07/12/11

If regulators significantly raise capital requirements, the fundamental bank financial model will change. It will require greater risk taking or it will relegate banking to a utility status.

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