consumer bankruptcy

The Daily Docket: Midland Says It Didn’t ‘Bully’ Resorts Into Sale

10/15/12

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign wealth fund. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Giddens Settles Lehman Dispute

10/05/12
Reuters

The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil

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Pro Athletes Go ‘Broke’ in New ESPN Documentary

10/01/12
Associated Press
Curt Schilling is one of many athletes or former athletes who’ve had brushes with bankruptcy.

Ever wonder how pro

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The Daily Docket: Hostess Fights Smaller Unions in Labor Trial

09/26/12
Associated Press

Hostess Brands Inc. Tuesday launched its courtroom campaign to impose new labor deals on a group of unions that represent a small slice of the Twinkie maker’s workforce.

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In Defense of Bankruptcy Courts (or, Is Bankruptcy Really That Exceptional?)

09/18/12

Although not always acknowledged expressly, exceptionalism is pervasive in bankruptcy scholarship. Some work makes no attempt to contexualize bankruptcy within the federal courts, apparently assuming its unique qualities (for example, the disinterest in most bankruptcy venue scholarship about venue laws applicable to other multi-party federal litigation). But other projects are more deliberate in their exceptionalist pursuits.

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The Daily Docket: Pilots Outline Arguments in Appeal of AMR Labor Ruling

09/14/12
Reuters
A US Airways plane passes American Airlines planes at Ronald Reagan National Airport in Washington in this April 23, 2012, file photo.

American A

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A Valuable Resource: NCBRC.org

09/11/12

Sometimes we forget that, with all its flaws, consumer bankruptcy is still a remarkable institution, providing meaningful relief to more than two million Americans a year (counting co-debtors and dependents).

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The Daily Docket: Journal Register Enters Bankruptcy

09/06/12

Journal Register Co., the publisher behind local newspapers such as the New Haven Register, is back in bankruptcy protection, three years after emerging from a previous Chapter 11 stint. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Consumer Bankruptcy Fee Study

09/01/12

I have just finished reading Lois Lupica’s paper on her impressive
consumer bankruptcy fee study

This is a model of what empirical, law-and-society research should be –
it combines data from electronic court records with focus groups and key player
interviews to give a textured understanding of the role lawyer’s fees play in
this particular legal system. 

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Cramdown and the Cost of Mortgage Credit

08/25/12

Joshua Goodman at the Harvard Kennedy School and I have a new paper out examining the impact of Chapter 13 cramdown on the cost and availability of mortgage credit.  Historically, when cramdown was permitted in some judicial districts prior to 1993 it was associated with a statistically significant, if small, increase in the cost of credit.

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