Amid rumors first reported in the Wall Street Journal on July 21, 2008, Mervyns has refused to comment on any plans to file bankruptcy. However, the company recently stopped providing its financial information to credit-monitoring firms, leading to speculation that the chain may file for bankruptcy protection.
Bob Carbonell, chief credit officer of Bernard Sands, a [...]

We have previously noted the precipitous decline in the value of MBIA and Ambac, the companies which insure certain types of securities. Once again, the market had already given its opinion of the value of the companies by pushing their stocks into the basement before the ratings companies officially downgraded their credit. The [...]

The Federal reserve has made it even easier for banks to borrow money from the Fed. Specifically, the previous loans had to be paid back in 28 days and now that is being extended to 84 days under the current auction. There have been so many opportunities to say these words that we [...]

We are delighted to announce that the law firm of J. Michael McBride has celebrated it’s 10th anniversary with a reception. On July 31, the offices held an open house. The offices were transformed for the event by the placement of new artwork throughout. The local art gallery, Artspace111, hung works by [...]

During a speech in Powder Springs, Georgia, on Tuesday, Barack Obama promised changes to the nation’s bankruptcy laws in an effort to help military families, senior citizens, and victims of natural disasters.
Obama accused Senator McCain of backing the interests of the banking industry and credit card companies “at the expense of hardworking Americans.” Those [...]