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NFA Chairman Chris Hehmeyer Talks Bankruptcy Reform [Video]

One of the issues that emerged from the MF Global collapse was the complex and often frustrating US bankruptcy process. In the case of MF Global, futures customers’ claims were lumped in with other creditors. As such, it took...more

Business Leasing and Finance News (BLFN) Summer Edition 2012

In This Issue: 1. Latest Decisions in Lease Accounting Project Cloud Industry’s Future 2. Aviation Industry Buffeted by FAA Plans for Non-Citizen Trusts 3. BLFN Case & Comment: Secured Creditors Win Back...more

10 Issues For Property Insurers Of Hard-Luck Insureds

Navigating the foreclosure and/or bankruptcy process while adjusting or litigating a first-party property insurance claim can cause significant complications for insurance carriers and the attorneys who represent them. Below...more

Federal-Mogul Court Confirms That Bankruptcy Law Trumps Anti-Assignment Provisions in Insurance Policies

On May 1, 2012, the United States Court of Appeals for the Third Circuit in In re Federal–Mogul Global, Inc. confirmed that anti-assignment provisions in a debtor’s insurance liability policies are preempted by the Bankruptcy...more

A Practical Approach To Enhance The Protection Of Quebec Mutual Fund Investors

The Quebec government has mandated the Autorité des marchés financiers (‘’AMF’’) to hold a public consultation on compensation for victims of financial fraud. In response, the AMF...more

In re Liberty State Benefits of Delaware Inc.

Declaration of Anthony R. Thompson in Support of Motions and Applications Filed By Liberty State Benefits of Delaware Inc.

For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/Liberty-State-Benefits-of-Delaware-Inc_c_27890.html For more information about major bankruptcy cases, please visit our...more

DOC Finds A Reorganization Can Include A Rehabilitation

Until last year, Ambac Assurance, a Wisconsin domiciled insurer, was one of the largest monoline insurers in the world. Originally it insured low-risk, public finance bonds. However, in the 1990s it started to offer...more

New York’s Highest Court Reinstates $5 Billion Lawsuit By Big Banks Against MBIA

New York’s highest court yesterday reinstated a $5 billion lawsuit brought by a group of banks, including Bank of America and Wells Fargo, against insurance giant MBIA. ABN AMRO Bank, et al. v. MBIA Inc., et al., — N.E. 2d –,...more

Overhauled Massachusetts Homestead Law Effective March 16, 2011

On December 16, 2010, Governor Deval Patrick signed a complete overhaul of the Massachusetts homestead statute. It is codified as M.G.L. c.188, as amended by Chapter 395 of the Acts of 2010. The new homestead statute takes...more

ABA Comment Letter - FDIC Orderly Liquidation Authority

The FDIC proposal would implement its Orderly Liquidation Authority (OLA) to resolve covered financial companies under Title II of the Dodd-Frank Act of 2010. The FDIC issued the rule to provide greater clarity and certainty...more