Secured Debt

"Post-Petition Restructuring Support Agreement Survives Challenge in Delaware"

by Mark Chehi, Van Durrer | Skadden, Arps, Slate, Meagher & Flom LLP on 4/30/2013

Background - The debtors in Indianapolis Downs operated a combined horse racing track and casino in Indiana. They had substantial secured indebtedness: more than $98 million of first lien (first priority), $375 million...more

Asset Division Includes Dividing Debts

by Boyer, Dawson & St. Pierre on 4/15/2013

One of the most complex aspects of the divorce process can be dividing marital assets — and debts. When a court divides a divorcing couple’s debts, its goal is primarily to divide the debts in a way that is fair to both...more

Should You Pay Off Credit Cards with the Equity in Your Home?

by John Skiba on 3/18/2013

How soon we forget. Just yesterday I was flipping through a magazine and I saw an ad by a credit union that was offering to help you pay off your credit card debt with a Home Equity Line of Credit (HELOC). Here in Arizona...more

Castleton Ruling Fortifies 7th Circ. Pro-Creditor Trend

by Rena Kelley, Jay M. Sakalo | Bilzin Sumberg Baena Price & Axelrod LLP on 2/25/2013

Originally published in Law360, February 22, 2013. As real estate markets continue to rebound, owners of single asset real estate properties are increasingly incentivized to devise bankruptcy strategies that allow them...more

Proposed Accounting Standards Update for Repurchase Agreement Accounting

by Jody Keeling | Holland & Knight LLP on 1/29/2013

On January 15, 2013, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update (the "proposed ASU") that eliminates the distinction between repurchase agreements that settle before the...more

Proposed FASB Rule Accelerating Recognition of Credit Loss

by Patrick D. Dolan, John Sun | Dechert LLP on 1/22/2013

The Financial Accounting Standards Board (FASB) recently released an exposure draft (“Exposure Draft”) that proposes a new approach to accelerate the recognition of credit losses (“Proposed Rule”). The FASB perceives delayed...more

Trust Me – A Security Trustee’s Duties to Subordinated Creditors Examined

by Ropes & Gray LLP on 12/13/2012

The recent judgment of Saltri III Ltd v MD Mezzanine S.A. Sicar & Ors1 relates to the 2010 non-consensual restructuring of the Stabilus Group. The judgment provides a helpful overview of the way fiduciary relationships...more

Bankruptcy Commission: Secured Lending OK by Us

by Bernstein Shur on 12/12/2012

This CFO Magazine Article features Bernstein Shur Attorney Robert Keach. An American Bankruptcy Institute commission studying an overhaul of the U.S. Bankruptcy Code believes the proliferation of secured debt and the...more

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