Recent Blog Entries

Making the pension decision

by admin | Mon, 03/22/2010 - 19:00

Whether you take the monthly pension or a lump sum payout, the decision will have lifelong effects.

Are mobile payments a service in search of a market?

by admin | Thu, 03/18/2010 - 06:48

Consumers are warming up to using their mobile phones to manage their bank accounts, but some wonder whether people want to use them to pay for items in stores or to transfer money.

Auto Lender Ordered to Pay a Sanction

by admin | Tue, 03/16/2010 - 15:59

On March 15, 2010, Judge Cox ordered Chicago Auto Source, Inc. to pay a sanction in the amount of $5,000.00 plus attorney’s fees of $850.00 for its automatic stay violation as related to a 2000 BMW 528i. When Chapter 13 bankruptcy case 10-06172 was filed, attorney John Ellmann of David M. Siegel & Associates, attempted to advise the auto financier of the bankruptcy filing. When denied proper communication channels, Ellmann filed his Motion for Sanctions. This is the second such case involving sanction motions that David M. Siegel & Associates has pending.

Reasonably Equivalent Value for Academic Prestige?!

by admin | Tue, 03/16/2010 - 14:37

BearingPoint's Trustee has just brought a fraudulent transfer action to get back a donation it paid Yale of $6 million to endow a chair and earn naming rights of certain on-campus buildings at its School of Management. (If someone can...

Extended Stay Hopes to Pull Itself out of Bankruptcy

by admin | Tue, 03/16/2010 - 10:55

The hotel chain Extended Stay has been in the news lately, as its senior lenders and several financial firms attempt to pull it out of bankruptcy later in the year.

Financial Consumer Protection--The Last Thing We Need Is Federal Banking Regulator Oversight

by admin | Tue, 03/16/2010 - 08:44

Yesterday, I was talking with former Credit Slips guest blogger Pat McCoy about perhaps reprising that role for us. McCoy is a law professor at the University of Connecticut and, along with her co-author Kathleen Engel, was writing about Wall...

A Closer Look at the Orleans Homebuilders Bankruptcy

by admin | Mon, 03/15/2010 - 20:56

On March 1, 2010, Orleans Homebuilders filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  According to Orleans' Declaration in Support of First-Day Pleadings, the company filed for bankruptcy hoping to get the "breathing space"  necessary to reorganize its business. 

Thank You Anna Gelpern

by admin | Mon, 03/15/2010 - 18:26

We've enjoyed having Anna Gelpern as a guest blogger for the past couple weeks. (Is there anyone who can write, much less say, "fortnight" any more?). Anna's saucy and erudite posts have provided a real education in some very timely...

Debt and the People, Part II: The Hot ... and Concluding Disquietudes

by admin | Mon, 03/15/2010 - 18:05

This last post is about old news that I have been avoiding. Even so, it would be malpractice to omit Ecuador from even this partial snapshot of the sovereign debt landscape circa 2010. So on with its latest debt default,...