Per www.foxbusiness.com:

Published October 06, 2014Reuters
Walt Disney Co (DIS) has come to the rescue of its loss-making subsidiary Euro Disney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday, which could give the U.S. group total control over Europe's biggest tourist attraction.

The deal includes a rights issue and debt restructuring which will inject 420 million euro in cash into the Euro Disney group and eliminate 600 million euros of its debt owed to Walt Disney via an equity swap.

Euro Disney is currently 40 percent owned by Walt Disney and 10 percent by the Saudi prince AlWaleed bin Talal with the rights issue to raise 351 million euros open to all shareholders but backed by Walt Disney, which will be required to make a tender offer for the whole company.

The COMI
(posted 1 week 1 day ago)

At the end of the TV ad for LegalZoom there is a warning “Legalzoom is not a law firm or a substitute for the advice of an attorney and provides self-help services at your specific direction.  Attorney help is through a legal plan available in most states.”  This warning is only 4 seconds, some of that time the warning cannot be easily read because of the lack of contrast between the lettering and the background.
Let’s break this warning down:

(posted 1 week 1 day ago)

Per www.wsj.com:

The COMI
(posted 1 week 1 day ago)

Per www.globalinsolvency.com:

Fri., October 10, 2014 The Espírito Santo Financial Group, which at one point held about 25 percent of the bailed-out Portuguese lender Banco Espírito Santo, said on Thursday that it would file for bankruptcy after it was denied creditor protection by a Luxembourg court last week, the International New York Times DealBook blog reported. Espírito Santo Financial is part of a complex web of companies controlled by the Espírito Santo family. Portuguese regulators were forced to engineer a rescue of Banco Espírito Santo in August after the Portuguese bank was undone by its exposure to its struggling corporate parent, Espírito Santo International. The bank, one of Portugal’s largest financial institutions, was shut down and its healthy businesses were transferred to a new entity, Novo Banco. Espírito Santo Financial was one of several entities that sought creditor protection after regulators raised questions this year about “irregularities” in its corporate parent’s finances. In a filing with regulators in Portugal on Thursday, Espírito Santo Financial said that it and another unit, Espírito Santo Financière, would file for bankruptcy after a Luxembourg court turned down their request for so-called controlled management.

The COMI
(posted 1 week 1 day ago)

Oregon bankruptcy filers with bottom of the barrel credit scores might find that the quickest and easiest way to increase their credit scores in the wake of a bankruptcy filing is to become an authorized user on a family member’s credit card. As an authorized user, you get the benefits of someone else’s credit but with no legal requirement to pay the actual bills. What’s better than that?
As an authorized user, the credit card’s history will be reported on your report as long as you are related to the account holder. By allowing you to borrow your family member’s clean credit history, your credit score will ramp up quickly after your bankruptcy filing.
Keep in mind that the account holder must be related to the bankruptcy filer for the bankruptcy filer’s bad credit scores to benefit from this strategy. Try to select a family member with the same last name and address. The credit-scoring bureaus might otherwise not take into account your status as an authorized user and your credit score might not improve. The key here is to call the credit card company and make sure that they are reporting your status as an authorized user. You can also check your credit report to see if the account is appearing.

Oregon Bankruptcy Lawyer
(posted 1 week 1 day ago)

Saturday concluded NCBJ with ethics and the Supreme Court review.   (There was also a program on scientific studies of mindfulness which I missed).
Wait, Wait, Don’t Tell Me! An Ethics Game Show:  Retired Judge James H. Haines as Peter Segal, Christine Devine (DeMaillie & Lougee), Judge Benjamin Goldgar, Timothy Nixon (Godfrey & Kahn), Judge Neil Olack, Prof. Nancy Rapoport and Judge Erithe Smith.  

(posted 1 week 1 day ago)

What Does Medical Marijuana in Florida Mean for Entrepreneurs?
The answer to that question is hard to answer at this moment. There is less than one month to go before a historic vote is made in Florida to allow patients to use medical marijuana in Florida. One thing entrepreneurs need to know is that even if medical marijuana becomes legal in Florida, it still against Federal Law to cultivate, distribute, or possess marijuana.
Many people have questions about the language of the amendment. If you have not read the Amendment yet, read it here.  I have had several people ask me about what they can do to get into the medical marijuana business if Amendment Two passes on November 4, 2014. There are some things that can be done now to prepare for Amendment Two to pass, but if anyone tells you they can guaranty you to get a license, grow medical marijuana, or sell medical marijuana, my suggestion would be to run. The first thing is to decide the best business organization to for you and to register with the State of Florida. The next thing is to makes sure people are aware that medical marijuana is on the ballot and vote on November 4, 2014.

(posted 1 week 1 day ago)

The Credit Slips blog has an interesting post out about the current state of bankruptcy filing statistics.
I highly recommend it !

(posted 1 week 2 days ago)

In “RADIO SHACK BANKRUPTCY WATCH: Shareholders Refinance the Company (or Else Bankruptcy!) – A Mere Delay in the Inevitable?”, the Editorial Staff of Commercial Bankruptcy Investor  discusses why large shareholders of Radio Shack doubled down on their investments by taking the lead in refinancing the troubled company.
Read the full article here or visit www.commercialbankruptcyinvestor.com for more information.

(posted 1 week 2 days ago)