News Topic: CreditSlips

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The Russian government has announced  announced that it plans to initiate legal proceedings against Ukraine by the end of the month to recover the $3 billion in bond debt now in default. It's not yet clear whether the proceedings will be in English ... Read full article

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Forecasting U.S. bankruptcy filings for this year was a little more complicated. In a comment to my post about the total 2015 bankruptcy filings , Erich Fabricius made the astute observation that December 2016 saw the introduction of new bankruptcy forms ... Read full article

As always, it has been very enjoyable to be a guest here. Three thoughts until next time. 1. At least two major organizations are about to join or have recently stepped into the effort to provide help to distressed student loan borrowers. National ... Read full article

Quite a few Credit Slips  bloggers and former guests are panelists at the session the Debtor-Creditor Section of the Association of American Law Schools (AALS) meeting.The session is entitled, "Bankruptcy for the Ninety-Five Percent: Making the ... Read full article

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My ears perk up whenever I hear the musical words "synthetic collateralized debt offering". (Bill Bratton and I did write the paper on history of these crazy things , after all....) So, it was with interest that I read a Wall Street Journal ... Read full article

Credit Slips  blogger Pamela Foohey has a new article on SSRN, "Lender Discrimination, Black Churches, and Bankruptcy."  This paper builds on her previous work about churches in bankruptcy to dig into the demographics of which churches end up in ... Read full article

Earlier I posted about DIRECTV v. Imburgia. To recap the issue: DIRECTV's contract with subscribers (i) required arbitration, (ii) forbade class actions, and (iii) provided for litigation in court if "the law of [the subscriber's] ... Read full article

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Ken Klee has argued that the Trust Indenture Act rider to the omnibus appropriations bill is just a "clarifying amendment" : ... Read full article

A large number of bankruptcy and corporate finance scholars, including several Slipsters, signed on to a letter to Congressional leadership  regarding the proposed omnibus appropriations bill rider to amend the Trust Indenture Act . ... Read full article

So the shoe has finally dropped. IMF policy has been not to lend to countries that have arrears to official creditors. ... Read full article

One of the many creatures attempting to crawl its way onto the back of the omnibus appropriations bill is an amendment to the Trust Indenture Act.  The Trust Indenture Act is the 1939 securities law that is the major protection for bondholders. Among ... Read full article