A Texas Bankruptcy Seeks a Home in Delaware
Energy Future Holdings, a company concentrated in Texas, turned to a Delaware court for its bankruptcy case, prompting an objection, writes Stephen J. Lubben in the In Debt column.
View ArticlePensions vs. Art in Detroit’s Bankruptcy
Bondholders are expected to object to a deal in Detroit that helps give retirees better terms in the city's plan to exit bankruptcy, but there are good reasons to treat workers differently from other...
View ArticleA Legislative Assault on the Financial Stability Oversight Council
Two bills proposed in the House clearly show a political motivation to obstruct the work of the panel responsible for identifying potential threats to the financial system, Stephen J. Lubben writes in...
View ArticleCasino Owner Caesars Redefines Itself, but Still Has Mountain of Debt
Caesars Entertainment has sliced and diced its assets in a way that will save something for shareholders, but it still has a lot of debt, writes Stephen J. Lubben, the In Debt columnist.
View ArticleDo ‘Living Wills’ for Banks Even Make Sense?
The big financial institutions, as currently constituted, probably cannot come up with a reasonable resolution plan under the bankruptcy code, as currently constituted, writes Stephen J. Lubben in the...
View ArticleJudge’s Ruling Could Affect Bondholders in Corporate Bankruptcies
A judge’s order in a bankruptcy case brings up the question of whether bondholders must get a “make whole” payment to get paid in full, Stephen J. Lubben explains in his latest In Debt column.
View ArticleWhen Debt Markets Don’t Really Act as Markets
Several recent bankruptcy cases and news events have shown that municipal and corporate debt securities have faced issues in pricing and trading, Stephen J. Lubben writes in an In Debt column.
View ArticleChange in Derivatives Doesn’t Resolve Question of Safe Harbors
One way to level the playing field is to simply repeal the safe harbors in the bankruptcy code, writes Stephen J. Lubben in the In Debt column.
View ArticleCorporate Bankruptcy Tourists Land in U.S.
The United States, for reasons of law and commerce, has become a destination for foreign companies to file for bankruptcy, Stephen J. Lubben writes in the In Debt column.
View ArticleCry of Protest From MetLife Signals Right Direction for Regulators
The designation of MetLife as "systemically important" is a sign that regulators are looking ahead to the next possible crisis, Stephen J. Lubben writes in the In Debt column.
View ArticleTime to Weigh Limits on Bankruptcy Filings
The Chapter 11 filing by Aereo prompts a larger question of whether bankruptcy courts should actively police debtors’ motives for filing cases, writes Stephen J. Lubben in the In Debt column.
View ArticleHow the Bankruptcy Code Should Treat All Derivatives
Recommendations from the American Bankruptcy Institute failed to address derivatives held by nonfinancial institutions that will keep operating, writes Stephen J. Lubben in the In Debt column.
View ArticleDividing Up the Assets After a Bankruptcy
A recent proposal would change the way asset sales in Chapter 11 cases are handled, but it’s not clear that the plan is workable, Stephen J. Lubben writes in the In Debt column.
View ArticleBankruptcy Code Forces Rush of Empty Stores
An overhaul of Chapter 11 in 2005 imposes a tight time frame on handling commercial leases, complicating the process for retailers, Stephen J. Lubben writes in the In Debt column.
View ArticleThe Pitfalls in the Greek Debt Proposal
Greece's debt swap plan harks back to the Gilded Age, when J.P. Morgan (the man) and his lawyers restructured insolvent American railroads, Stephen J. Lubben writes in the In Debt column.
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