News Topic: CreditSlips

Actually, if you are in and of the corporate restructuring world, you will believe what happened next. Major objections were were resolved by the parties, and the court approved the sale of The Weinstein Co. to Lantern Capital. ... Read full article

The compliant alleges some damming stuff. McKinsey brushes it all off as an anti-competitive ploy . It seems to me that the biggest risk to McKinsey is that the failure to disclose can itself be the basis for an order to disgorge fees. ... Read full article

I have been studying chapter 11 professionals since  before the turn of the century , but today we have a first. Jay Alix, as assignee of AlixPartners LLP, has filed a 150 page complaint against McKinsey & Co., Inc. ... Read full article

On Friday, January 4 from 10:30-12:15 pm, the section on Commercial & Related Consumer Law and the section on Creditors’ and Debtors’ Rights are hosting a joint panel at the 2019 AALS Annual Meeting in New Orleans. ... Read full article

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Leiden University in the Netherlands has established an impressive strength in insolvency law studies . ... Read full article

Here's what all of the commentary I've read has overlooked.  Signatures are utterly irrelevant to consumers except to the extent that the slow down the transaction. (Ok, they also require those germaphobes among us to touch a shared pen when we ... Read full article

Part of the legacy of Newt Gingrich and his Contract with America (can I get damages for breach?) is the Congressional Review Act.  The CRA creates a mechanism whereby Congress can override an agency rulemaking on a simple majority vote in both houses, ... Read full article

It's Tax Day! When the new tax bill was debated late last year, a few reports noted an unintended consequence of the bill's expansion of the standard deduction might be decrease people's charitable contributions, in turn harming nonprofits. ... Read full article

Mitu Gulati and Mark Weidemaier ... Read full article

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ProPublica’s new web site “ Trump Town ” tracks political appointees across federal agencies. In light of the president’s promises to “drain the swamp”, it is interesting to peruse some of the Treasury Department appointees responsible for bank ... Read full article

I have a new paper out on municipal insolvency. It's called " Junk Cities:  Resolving Insolvency Crises in Overlapping Municipalities ," 107 Cal. L. Rev (forthcoming 2019).  The paper is co-authored with Aurelia Chaudhury and David ... Read full article

The Eviction Lab , a project led by sociologist Matthew Desmond (author of Evicted ), have performed the invaluable and impressive task of gathering landlord-tenant eviction records from every county in the nation for the past 16 years. ... Read full article

Based only this news report , the answer appears to be yes - an Ice Cube Bond would have honored the claimants' need for speed without allowing them to shift all the risk to the bankruptcy estate. ... Read full article

Assuming you still have those in your town. If not, also available for preorder now is my forthcoming book, entitled The Law of Failure .  It is my attempt to consider all of American business insolvency law as a whole. Not just bankruptcy but also ... Read full article

Trying to get a handle on the potential for a workable personal bankruptcy procedure in China, I've repeatedly encountered evidence that the most important element might be lacking: attitude. Successful personal insolvency systems around the world ... Read full article

A common misconception is that student loans are never dischargeable in bankruptcy. There is a bankruptcy discharge exception for some qualified student loans and educational benefit repayment obligations. The discharge exception does not, however, apply ... Read full article