Bankruptcy Blogs

The Bad CHOICE Act

07/11/16

I'm testifying before House Financial Services tomorrow regarding the "CHOICE Act," the Republican Dodd-Frank alternative.  My testimony is here.

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Financial Regulators Should Look Like America

07/11/16

While diversity at the federal agencies overall is roughly consistent with the rest of the country, diversity declines sharply among those in senior leadership roles.

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Morning Scan: Bitcoin Miner Reward Slashed in 'Halving'

07/11/16

Receiving Wide Coverage ...

Holding steady: "Halving" sounds like it should be straight out of Lord of the Rings or The Hunger Games, but it's not. Bitcoin survived its quadrennial event on Saturday, with the reward for mining new bitcoins slashed in half for a second time in the virtual currency's history. The change could thin the herd of bitcoin miners, armed with powerful computer processors, that have popped up around the world. ...

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Indie Film Distributor Gold Alchemy, LLC Files Chapter 7 Liquidation in Delaware

07/11/16

On July 1, 2016, Gold Alchemy LLC filed for Chapter 7 bankruptcy protection with the U.S. Bankruptcy Court for the District of Delaware.  According to the petition, the debtor’s estimated assets are $10 to 50 million, and estimated liabilities are $50 to 100 million.

Alchemy is a distribution company formerly known as Millennium Entertainment.  According to Deadline Hollywood:

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Time to Align Incentives for Marketplace Lenders, Investors

07/08/16

Turmoil in marketplace lending has less to do with loan quality and more to do with how lenders price loans to meet supply and demand.

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To Reboot Your Bank, Reboot Your Management

07/08/16

Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.

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Morning Scan: Calls to Fix 'Bro Talk' Culture, Executive Pay

07/08/16

Receiving Wide Coverage ...

A new wrinkle: Reuters reports that a Swiss banking association is seeking to build a post-Brexit coalition with Britain, Hong Kong and Singapore to form a so-called "F4 alliance" that would look to set international standards and possibly strike a deal with the European Union. The Financial Times notes, "The Swiss bankers' association first suggested launching a 'F4' financial centres group in 2012." Wall Street Journal ...

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Defining the Term “Mortgage Arrearage”

07/07/16

Have you wondered what is meant by the term “mortgage arrearage?” As Bankruptcy Law Network member Jonathan Ginsberg explains, a mortgage arrearage simply refers to any missed mortgage payments.

If, for example, you did not pay your mortgage in January and February, those two months would be in arrearage.

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Women in Banking: Female CEO-CFO Teams and 20 Years of Girl Power

07/07/16

Female CEOs are uncommon, so how rare do you think female CEO-CFO teams are? At publicly traded banks, there are only 13, and that is still way better than a few other industries. InVenture founder Shivani Siroya talks about her past in banking and the future of her fintech startup. An Australian bank is going to test gender blind recruitment practices. Also, rewriting Silicon Valley's history and the Spice Girls' girl power legacy.

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Branch of the Future Will Still Be a Branch

07/07/16

Fewer transactions are taking places in branches but banksÂ' brick-and-mortar locations are more important than ever.

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