Bankruptcy Blogs

I'm still digesting the opinion, but the obvious conclusion is that impressions from oral argument may be misleading. It also suggests that states that do not use chapter 9, have no ability to come up with a state law alternative. Its chapter 9 or nothing, which may suggest that the 10th Amendment is no longer a serious concern with regard to chapter 9.

Wall Street Journal Election season is heating up, but the presidential candidates aren't the only ones shelling out for advertising. The Consumer Financial Protection Bureau is launching its own campaign to educate the public about its online tools and resources. As such, the agency is now devoting a larger portion of its budget to advertising compared with nearly every other federal agency, according to a review of government records by the Wall Street Journal. Â...

On Monday in Manhattan, Sabine Oil & Gas Corp. and creditors it has fought for nearly a year in bankruptcy court will kick-off a seven-day showdown over the company’s multibillion-dollar restructuring plan.

During the hearing, which promises to be both lengthy and contentious, Sabine will face a group of creditors owed about $1.4 billion but slated to be repaid less than two cents on the dollar. Each side has agreed to limit itself to 24 hours of arguments and testimony spread out over at least seven days before U.S. Bankruptcy Court Judge Shelley Chapman.

A recent op-ed warning of the risks to participation holders in bank failures missed several important points about today's loan market.

Bank of America's Cathy Bessant talks about the marriage of banking and technology and former Countrywide executive Rebecca Mairone reflects on being one the few people in the industry to face criminal charges in the wake of the financial crisis. Also, could there be an all-female presidential ticket? Now that Hillary Clinton is the presumptive Democratic presidential nominee, some wonder if Elizabeth Warren would consider being her running mate.