A quick note on a couple of events today that might be of interest to Slips readers: First, I'm participating in an ABI webinar about "chapter 14" and related topics. Second, I'll be testifying in front of the House Judiciary Committee ... Read full article
Chapter 13 trustees handle millions of dollars in plan payments every year. At some point in likely a sizable portion of cases, the trustee accumulates these payments instead of distributing the funds to creditors. What happens if a debtor's case is ... Read full article
I thought I'd write a quick follow-up to Anna's thorough post about the latest in the Argentine bond saga. ... Read full article
Extra! Extra! Today is just another day in Argentina's bond saga. It may well come and go with no payments either to the NML plaintiffs or to the restructured bondholders. ... Read full article
Ordered not to carry out its planned swap into local-law (and local payment) bonds, Argentina has now deposited funds for the June 30 payment with Bank of New York Mellon, trustee under the exchange bonds. ... Read full article
As expected , Judge Griesa has reportedly denied Argentina's request for a stay. ... Read full article
Yesterday's post noted that, by asking Judge Griesa to re-impose a stay of the injunction, Argentina was effectively asking for permission to pay exchange bondholders on June 30 without making any payment whatsoever to NML and the other plaintiffs. ... Read full article
Argentina will negotiate with NML. Or maybe it won't . ... Read full article
A footnote to Mark's recent post on Argentina's remaining options got me thinking about what an Event of Default actually is under the exchange bond indenture. From a reasonably quick look at the (lengthy) documents, I think there might be a ... Read full article
I just saw Spent: Looking for Change , a documentary about the financial challenges of the unbanked. The film was funded by American Express, but there is no marketing of Amex products in the film. (Amex does offer one of the best non-DDA account options ... Read full article
So, Argentina lost its bid to have the Supreme Court overturn the injunction. It also has a payment due exchange bondholders on June 30. Recall that the Second Circuit stayed enforcement of the injunction so that the Supreme Court could consider ... Read full article
Just a quick note to follow up on previous posts ( here and here ) and report that the First Circuit reversed In re Traverse . Thanks to ... Read full article
Note from Katie Porter: This guest post is from Jennifer Song, senior staff attorney at the California Monitor Program. Jennifer pitched in and attended this workshop, and I hope Credit Slips readers will enjoy hearing about her experiences in a short ... Read full article
It's done! As Mark has chronicled , the U.S. Supreme Court has drawn the curtain on the pari passu drama, and separately has rejected Argentina's appeal to limit the scope of discovery by creditors with judgments against it. I am still ... Read full article
