Argentina Defaults On Debt After Supreme Court Ruling

Argentina Defaults On Debt After Supreme Court Ruling

As previously reported, on June 16, 2014, in NML Capital, Ltd. et al., v The Republic of Argentina, the United States Supreme Court declined to hear Argentina’s petition for writ of certiorari ending Argentina’s chance of overturning the interpretation of the pari passu clause by the United States District Court for the Southern District of New York which requires Argentina to make ratable payments to the holdout bondholders if it makes any repayments to the exchange bondholders.

Bankruptcy Tip: Fight Back Against Mortgage Servicers

By | Texas Bankruptcy Blog | July 28, 2014
Bankruptcy Tip: Fight Back Against Mortgage Servicers

Mortgage servicer PHH Mortgage Corporation is in the news again, this time on the losing end of a $16 million jury verdict. Like many others in Yuba County, California, homeowner Phillip Linza ran into some financial trouble after purchasing his home in 2006. Linza filed bankruptcy in 2009, then worked with PHH for a home loan modification.

Latest Fallout in Garlock Highlights Importance of Thorough Discovery of Bankruptcy Claims

The ramifications of the Garlock asbestos bankruptcy are just beginning to be felt across the country.  As new developments continue to play out, it is important to note that in each of the 15 cases in which Garlock was allowed to conduct additional discovery, the bankruptcy court found evidence that alternative exposures to asbestos were withheld.  This groundbreaking case has shed light on extremely valuable areas of discovery previously not pursued in a thorough enough manner.