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Regulator said to mull forgiving mortgage debt
The head of the Federal Housing Finance Agency (FHFA), which oversees the mortgage-financing companies, met with 19 Democrats and discussed a proposal that would allow bankruptcy judges to reduce principal amounts on loans.
Updated: 10/26/2011 09:36P
Speculation of Dodgers sale increases
A Dodgers sale is in the works, at least that's what some are speculating following the month-long delay of the bankruptcy hearing of team owner Frank McCourt. The date change, from Oct. 31 to Nov. 3, allows McCourt and MLB Commissioner Bud Selig more
Updated: 10/26/2011 09:24P
Lehman Reaches Deal With Danske Bank to Reduce Claim, Back Reorganization
Lehman Brothers Holdings Inc. (LEHMQ) reached an agreement with Danske Bank A/S to reduce the Danish bank's bankruptcy claim to $580 million and support Lehman's reorganization plan, according to a court
Updated: 10/26/2011 09:19P
Steakhouse Sits Vacant in Busy Strip Mall [Empty in Commack]
This building in the King Kullen Shopping Center has been vacant since Charlie Brown's Steakhouse closed down last year. Since bankruptcy claimed Charlie Brown's Steakhouse last Novemeber, the large space formerly occupied by the
Updated: 10/26/2011 09:15P
Reed Smith LLP | FDIC Treatment of Creditor Claims Under Orderly Liquidation
Certain of these financial institutions may utilize their ''living wills,'' which are required by the Act, to convince regulators that they could reorga- nize or liquidate under the Bankruptcy Code without posing a systemic risk.
Updated: 10/26/2011 09:08P
Judge OKs Philadelphia Orchestra's labor deal | Philadelphia Inquirer | 2011-10-26
Even though its new four-year labor contract with musicians will compel the Philadelphia Orchestra Association to raise $5.9 million more than it had anticipated, the association Wednesday sought approval of the pact from US bankruptcy
Updated: 10/26/2011 08:55P
US regulator said to mull forgiving mortgage debt
As the Obama administration moves towards helping more borrowers refinance, talks of principal forgiveness have reemerged, seen by some as an effective tool in slowing the pace of foreclosures. Representative Zoe Lofgren, a California Democrat,
Updated: 10/26/2011 08:31P
Cooley Partner Ronald Sussman Elected President of Turnaround Management
The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail. The firm has full-service offices in major business and technology centers
Updated: 10/26/2011 08:27P
Broadband company's demise puts taxpayers on hook for $74 million loan
The company Open Range, backed by a commitment of $267 million in loans from the Agriculture Department, filed for bankruptcy this month. Taxpayers are on the hook for $74 million that the upstart hasn't repaid. And now the company, some analysts and a
Updated: 10/26/2011 08:26P
Reverse mortgage expert on how they can help
It's a tool that older Americans can use to help keep them out of bankruptcy and keep them in their homes. To answer some questions about the industry, President of the National Reverse Mortgages Lenders Association Peter Bell came into the NECN studio
Updated: 10/26/2011 08:14P
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