Bankruptcy Blogs

Hotel Company Founded by John Q. Hammons Enters Chapter 11

06/27/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_P_20160626150922.jpg" J="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_J_20160626150922.jpg" M="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_M_20160626150922.jpg" caption="In a March 30, 2004, file photo, John Q. Hammons poses for a photo in his new 8,000 seat baseball stadium in Springfield, Mo. Hammons, a prominent hotel developer and southwest Missouri philanthropist, died May 26, 2013.

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Kid Brands Inc. Preference Actions Filed in New Jersey

06/26/16

On June 16, 2016, the Official Committee of Unsecured Creditors (the “Committee”) of Kid Brands Inc., et al. (the “Debtors”), filed approximately 64 complaints seeking the avoidance and recovery of allegedly preferential and fraudulent transfers under Sections 547, 548 and 550 of the Bankruptcy Code.  The Committee also seeks to disallow claims of such preference defendants under Sections 502(d) and (j) of the Bankruptcy Code.

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Next Week in Bankruptcy

06/24/16

Gawker Media Group will head to bankruptcy court Monday in hopes of putting itself up for sale following a crippling legal judgment.

The media company will ask the Manhattan bankruptcy court to sign off not only on its sale timeline, but also the stalking horse, or lead, offer from Ziff Davis LLC.

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Three Steps to Stronger Fintech-Government Ties

06/24/16

The recent White House fintech summit was helpful in exposing companies to regulators, and vice versa, but we need to strengthen the lines of communications even more.

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Biggest Mistake in Digital Strategy Is Forgetting Client Relationships

06/24/16

Digital tools improve a bank's traditional sales process, but relationship-based banking is still a huge factor in winning over millennial customers.

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Morning Scan: Brits Prep for EU Split; Banks Pass Stress Tests

06/24/16

Receiving Wide Coverage

This is not a drill: Britain has voted to leave the European Union in a stunning outcome to Thursday's referendum. The decision is already shaking the markets and will reshape the country's place in the world for years, if not decades to come. Wall Street Journal, New York Times, Financial Times, Washington Post ...

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Garlock Creditors to Weigh in on Asbestos Settlement

06/24/16

Creditors of Garlock Sealing Technologies LLC who say they were exposed to asbestos won approval to weigh in on a settlement. Read the Daily Bankruptcy Review article here.

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Women in Banking: CFPB's Diversity Struggle; Tech's Role in Hiring

06/23/16

How Key Private Bank's CEO is looking to transform the business (hint: it has a lot to do with women); algorithms in hiring promise a new way to bring diversity to Wall Street; the CFPB has some work to do in improving its treatment of women and minorities. Plus, Blythe Masters talks blockchain and Merrill Lynch's Racquel Oden talks confidence.

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Athletic Gear Giant Proposes to Buy ‘Smart’ Basketball

06/23/16

Sports-equipment giant Russell Brands LLC made a bid to purchase the world’s first smart basketball, whose sensors transmit ball-handling data to smartphones.

The Kentucky manufacturer, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Co., made a $1.5 million offer for the bankrupt startup behind the 94Fifty Smart Sensor Basketball, according to court papers.

The deal still needs approval from a bankruptcy judge.

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CFPB Payday Plan Thwarts Success of State Laws

06/23/16

The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.

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