Bankruptcy Blogs

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Ho hum: World financial markets mostly shrugged off the results of Italy's constitutional referendum, which went down to defeat on Sunday, although the country's banks and its economy remain in serious trouble as a result. Wall Street Journal, Financial Times, New York Times

Carson appointment assailed: As expected, President-elect Trump formally nominated retired neurosurgeon Ben Carson as HUD secretary, but critics were quite vocal. Carson "has a brilliant mind and is passionate about...

On December 2, 2016, Limitless Mobile, LLC (“Limitless” or the “Debtor”) filed a chapter 11 voluntary petition in the United States Bankruptcy Court for the District of Delaware.  The Debtor was formed in 2013 to provide broadband and wireless telecommunication services in certain rural counties in central Pennsylvania.  The Debtor is part of a worldwide corporate family referred to as the Limitless Group.  According to the First Day Declaration, Limitless intends to wind down its retail-side business and emerge from bankruptcy as a wholesale operator.

Receiving Wide Coverage ...

Fintech Boost: The Office of the Comptroller of the Currency announced a proposal Friday that would grant special limited-purpose banking licenses to financial technology firms that would give them "greater freedom to operate across the country without seeking state-by-state permission or joining with brick-and-mortar banks," as the Wall Street Journal described it. "The move could open the door to more competition between the old and new financial firms, and provide a bigger...

It doesn’t happen very often, but sometimes a client who needs to file bankruptcy is also in line to receive an inheritance.  Like a lot of things, what will happen to that inheritance in a bankruptcy case depends on the timing.

With the anti-globalism sentiment growing in parts of Europe and the U.S., a "my country first" approach to international bank regulation will hurt financial institutions and their local economies.