Do you feel the same?
Over at Dealbook, I look at the very different treatment awaiting unsecured creditors of Countrywide, depending on whether they are bondholders or tort litigants.
« OCC Servicing Settlement--Will Homeowners Get Screwed (Again)? | Main | SemCrude Again »
Comments
The comments to this entry are closed.
Contributors
Pamela
Foohey
Anna
Gelpern
Mitu
Gulati
Melissa Jacoby
Dalié
Jiménez
Jason
Kilborn
Bob Lawless (blog admin)
Adam
Levitin
Stephen Lubben
Nathalie Martin
John
Pottow
Mark Weidemaier
Jay
Westbrook
Alan
White
Current Guests
Policies
Past Contributors
Credit Slips is pleased to have had the following persons join us as continuing blog authors in the past or as guest bloggers for a week. Their contributions have added new perspectives and ideas to this site, and we thank them for their participation.
PAST REGULAR CONTRIBUTORS
GUEST & OCCASIONAL CONTRIBUTORS
Follow Us On Twitter
Like Us on Facebook
- Like Us on Facebook
By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.
News Feed
Categories
- 2005 Bankruptcy Amendments (BAPCPA)
- ABI Consumer Commission
- Academic & Scholarly News
- Bankruptcy Data
- Bankruptcy Generally
- Blog Stuff
- Books and Movies about Debt
- Celebrity Bankruptcy
- Chapter 13
- Comparative & Int'l Perspectives
- Consumer Arbitration
- Consumer Bankruptcy
- Consumer Contracts
- Consumer Finance
- Consumer Financial Protection Bureau
- Consumerism
- Corporate Bankruptcy
- Covid-19
- Credit & Debit Cards
- Credit Policy & Regulation
- Credit Reporting
- Debt Collection
- Debt Settlement
- Debt Trading
- Economic Perspectives
- Financial Education & Literacy
- Financial Institutions
- Historical Perspectives
- Medical Debt
- Mortgage Debt & Home Equity
- Municipal Bankruptcy
- Payday & Title Lending
- Pending and New Legislation
- Puerto Rico
- Refund Anticipation Loans
- Religion
- Secured Lending
- Small Business
- Sociological Perspectives
- Sovereign Debt
- Student Loans
- Supreme Court Cases
- Too Big to Fail (TBTF)
- Transnational Banrkuptcies
- Underbanked/Fringe Banking
- Usury
Archives
Search
Bankr-L
- As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.
Stuart's question over there about potential equitable subordination of the bondholders' claims is intriguing. It seems to me that subordination in the CW bankruptcy would not affect the bondholders' rights against BAC on the guarantee (whether they collect something or nothing in the CW case, they still get paid in full by BAC, no?). Nonetheless, equitable subordination would at least reserve any value that CW has for the fraud victims. Is there any value in the CW entity, or would this be a fight not worth fighting?
Posted by: Jason Kilborn | October 05, 2011 at 10:00 AM