Bankruptcy Blogs

Claims Objections Overruled in Seegrid Bankruptcy

10/31/16

On October 27, 2016, Chief Judge Brendan L. Shannon of the Delaware Bankruptcy Court issued an opinion overruling objections to the claims of Seegrid’s former CEO.  A copy of the Opinion is available here.

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Why Making Yourself Uncomfortable Matters

10/31/16

Marva Smalls has gotten comfortable with being uncomfortable throughout her career, and she advises others to do the same, particularly aspiring leaders.

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How Can Chatbots Be the Future If They Are Stuck in the 1960s?

10/31/16

One of the hottest bank technologies is already repeating mistakes of decades past and showing just how far banks have to go to catch up with the times. Here is one easy way to make this emerging tech more appealing to today's customers.

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Morning Scan: SoFi Expands Products; Goldman Softens Policy

10/31/16

Wall Street Journal SoFi selling insurance: Marketplace lender SoFi, which got its start in 2011 refinancing student loans and has since expanded into mortgages and other financial products, is now gearing up to sell life insurance. The San Francisco-based company obtained a license in its home state in September to sell insurance on behalf of Protective Life Insurance, a Japanese-owned company that had $767 billion of insurance in force at the end of last year. SoFiÂ...

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NCBJ Report 2016: Restructuring and Bankruptcy Challenges in the 21st Century World of Not for Profits

10/30/16
This was the first of two educational programs sponsored by the Commercial Law League of America.   I had the privilege of appearing on a panel featuring moderator Beverly Weiss Manne, Prof.  Pam Foohey, Sam Maizel and Nancy Peterman.   Prof. Foohey and I focused on religious entities in bankruptcy, while Sam Maizel and Nancy Peterman discussed healthcare non-profits.   
Types of Cases Filed
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Standardize Consumer Financial Data

10/28/16

This week CFPB Director Richard Cordray stated that he was “gravely concerned” by banks' attempts to prevent screen scraping of consumer data by fintechs authorized by consumers collect their financial data.

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NCBJ Report 2016: From Detroit to San Juan--Perspectives on Municipal and Territorial Restructurings

10/28/16
The Commercial Law League of America held its annual luncheon at NCBJ featuring the Lawrence King Award and a keynote speech by Andy Dillon.
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NCBJ Report 2016: Hot Spots in a Cold Restructuring World: Energy and Healthcare Restructuring

10/28/16
This panel examined energy and healthcare reorganizations.   The unifying theme of this panel was that industries that are highly regulated, highly leveraged and lack control over their prices are prime candidates for bankruptcy.   According to the moderator, Judge Margaret Mann, the panel hoped to make its presentation relevant to practitioners regardless of whether their typical client was a gas station or dentist as opposed to a major oil producer.
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Less Channel, More Product: the Growth Formula for Banks

10/28/16

What matters is what the customer gets, not how they get it. Investing in digital distribution yields little unless banks are delivering the products and services that customers crave.

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