Bankruptcy

Customarily, these types of bankruptcy settlement deals don’t result in a payment of 100 cents on the dollar. Instead, the recipient “takes a haircut” by accepting a very small settlement. For example, Eric Dinallo negotiated a similar settlement of credit default swaps when he was the Insurance Superintendent for the state of New York. At his behest, Merrill Lynch settled a case for only 13 cents on the dollar from a company “XL Guarantee.” Although, this time around, Merrill Lynch received…

Marvel Worldwide Inc., commonly referred to as Marvel Comics and formerly Marvel Publishing, Inc. and Marvel Comics Group, is an American publisher of comic books. Marvel Comics created countless stories, universes, and heroes. They grow in numbers and quality as Marvel grows as a company. Martin Goodman founded Marvel Comics, which was original Timely Publications, in 1939. Goodman was a pulp magazine publisher who was expanding into a new medium of comic books. The post-war comic market saw…

Private healthcare (for profit) does not raise the quality of overall care for patients. Private healthcare costs more per year, as opposed to public healthcare, however. Even with more spending, private health care is unable to provide insurance coverage for the entirety of citizens. Along with private healthcare prioritizing in emergency care, which ultimately costs the insurance company more as it is more expensive to help someone in immediate need than it is to prevent someone from getting…

circumstances that influence a court’s decision to pierce the corporate veil, the most common instances can be narrowed down to (1) the failure of observing corporate formalities, (2) promotion of fraud and misrepresentation, and (3) promotion of bankruptcy values (Macey, 2014). First, piercing the corporate veil is most often used as a tool to uphold statutory corporate formalities. It ensures that corporations are conducting mandatory meetings and are following proper statutory guidelines. It…

Millions of college students and graduates have student loans, and millions of those include cosigners. Though having a cosigner makes abundant sense so that you can qualify for a student loan, you should be purposeful about getting your cosigner released from the loans. There are complications involved with a cosigner on a student loan, and they can negatively affect both the student/primary borrower and the cosigner. The only solution is to get the cosigner released as soon as possible. The…

Corporate crime inflicts far more damage on society than all street crime combined. Whether if it’s contributed by injuries, death, or financial lost, corporate crime and violence wins by landslide. The FBI reported that burglary and robbery from street crimes cost the nation an estimate of 3.8 billion a year. In comparison to corporate fraud, it’s a drop in a bucket. The losses from major corporate frauds, such as Enron “swamp the losses from all street robberies and burglaries combined.”…

Adelphia had shown nothing but growth and promise at the turn of the 21st century. Investors had seen record growth, expansion, and felt the company was growing into a dominate player within the telecommunications industry. Adelphia continued its push for growth and continued acquiring company after company and by late January, had grown its subscriber base to approximately 5.5 million customers. At this time, the company was heavily in debt after all the acquisitions however, analysts felt…

Financial Analysis of Costco Wholesale Corporation Researching companies without the annual report is like exploring a cave without a flashlight. This analysis of Costco Wholesale Corporation proves stakeholders benefit by using information published in annual reports to analyze the past, present and future financial well-being of publicly traded organizations. Whether one is an investor, a commercial loan officer, financial analyst, or a manager of the corporation, the annual report provides…

I learned many things. To begin, I learned about the information that is put into a credit score. This information is, your bill-paying history, the number and type of accounts you have, your recent card activity, and whether or not you’ve had bankruptcy and other similar things. However, anything personal such as, your gender, race, salary, were you live or your age will not go into your credit score. it's good to maintain a high credit score, because if you don’t it can make something as…

Donald Trump Donald John Trump is well known as a businessman, television personality, and the 45th Presidential elect of the United States. Donald Trump has been a very successful man in his life and business. At age 13 he entered the New York Military Academy and did well both socially and academically. He graduated in 1964 as a star athlete and student leader. He later went to college at Wharton School of Finance at the University of Pennsylvania and graduated in 1968 with a degree in…