Presidential Memorandum for the Secretary of the Treasury

Category: Bankruptcy Law
Published: Tuesday, 25 April 2017
(v) whether a new chapter in the U.S. Bankruptcy Code, in which the claims against a failed financial company would be resolved pursuant to the procedures of bankruptcy law rather than the provisions of the Dodd-Frank Act, would be a superior method of ...

Bankruptcy Court Imposes Massively Disproportionate $45 Million Punitive Exaction, Then Plays Santa Claus With $40 ...

Category: Bankruptcy Law
Published: Sunday, 23 April 2017
Concluding in In re Sundquist that the defendant bank had violated the automatic stay by foreclosing on the home of a bankrupt mortgagor and enraged by what it perceived to be heavy-handed behavior both before and after the stay violation, the court ...

Opposition mounts against Mesabi Metallics' reorganization plan

Category: Bankruptcy Law
Published: Sunday, 23 April 2017
While bankruptcy law requires some level of buy-in from creditors, it's unclear whether rejection from unsecured creditors would doom Mesabi Metallics reorganization efforts.

Liquidation procedures in Turkey

Category: Bankruptcy Law
Published: Saturday, 22 April 2017
The Execution and Bankruptcy Law allows for a six-month period for completion of liquidation procedures. However, this may be extended by the execution court.