Rochelle on Protection in Claims Trading; AmTrust-FDIC: Audio
The world is safer for buyers of claims against bankrupt companies as the result of an opinion from the U.S. Court of Appeals, for reasons Bloomberg Law's Lee Pacchia and Bloomberg New bankruptcy columnist Bill Rochelle discuss on their podcast. AmTrust Financial Corp. (AFNL) was the first bankrupt bank holding company to defeat the Federal Deposit Insurance Corp. in a federal courts of appeals on an issue that determines whether the FDIC sops up virtually all the assets. For the last topic, Rochelle questions whether a federal district judge made a mistake in a Chapter 13 case by not discussing the implications of the Supreme Court's ruling in Hamilton v. Lanning.
Running time 11:28