Posts Tagged ‘bankruptcy’
Big Bubble or Local Fraud? How Tricolor’s Recent Bankruptcy Highlights Continuing Issues with Credit Rating Agencies
By: Francesca Jaubert In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) in response to the overly optimistic credit ratings that created the housing market bubble collapse.[1] Before the 2008 financial crisis, Credit Rating Agencies assigned AAA ratings to many unworthy securities, only to downgrade them later.[2] Why? Experts…
Read MoreThe Lack of a Standard for Healthcare Practices While Declaring Bankruptcy
By Emily Siguenza In the healthcare industry, there are numerous standards that healthcare personnel must follow to ensure safe and effective care for their patients.[1] However, when a healthcare business declares bankruptcy and sells off its assets, there are no standards in place for maintaining medical malpractice coverage during the sale of hospitals.[2] Steward Healthcare…
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