The Bankruptcy Cram-Down and the IMF

In a bygone era, the United States shouted “Amen!” and “Preach On!” as the International Monetary Fund scolded Latin American nations for their huge national debts.  Now, the IMF has its sights set on the debt crisis in the United States.  Congressman Frank Wolf has predicted (based on a Congressional Budget Office report) that "every [...]

By |2017-05-19T23:37:55-05:00July 28th, 2012|General|Comments Off on The Bankruptcy Cram-Down and the IMF

Top Three Newest Recoveries from Bankruptcy

General Motors General Motors filed Chapter 11 bankruptcy in 2009, after having lost about $100 billion in the 2000s and losing its spot as the world’s top-selling auto maker.  Just two years later, GM posted a $7.6 billion profit, the largest profit ever in the history of that automaker. Frank McCourt After the owner of [...]

By |2017-05-19T23:37:57-05:00June 15th, 2012|General|Comments Off on Top Three Newest Recoveries from Bankruptcy

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