Bankruptcy Blogs

Jorge Neri Bonilla has become partner at legal and business counseling firm JNF & Asociados in Los Angeles, where he will work on strategic business consulting and negotiation. Mr. Bonilla, an entrepreneur who speaks English and Spanish, has experience in bankruptcy, restructuring, banking transactions and mergers and acquisitions. He also has experience in energy and petroleum deals.

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As oil and gas explorer Venoco seeks to move forward with its debt restructuring, it must confront the fate of an unusual oil well: one on the grounds of Beverly Hills High School.

New York Times

Investors were getting the short shrift from online marketplace lender LendingClub before its chief executive quit amid allegations of improper loans, news that sent its stock into a tailspin. That's because LendingClub was stingy in its disclosure of crucial financial data, making it difficult for investors to assess the company's financial health, Gretchen Morgenson writes for the Times. ...

The speculation is that Maria Vullo, who is waiting to be confirmed as New York's new banking superintendent, is less interested in being on the 6 o'clock news than Ben Lawsky was. A study shows that companies sap women of ambition to advance within two years, an effect that doesn't happen with men in part because they tend to get more encouragement. But is it any wonder women feel that way when Â-- even now, it appears Â-- they might get fired for refusing to wear high heels at work? Also, Sallie Krawcheck, Sheila Bair and Elizabeth Warren.

On Monday, Pacific Sunwear of California Inc. will look to move a step closer to exiting bankruptcy protection when it asks a judge for approval to send out its reorganization plan to creditors for a vote. The retailer filed its so-called disclosure statement, or plain-language outline of its bankruptcy plan, when it sought chapter 11 protection in April. Unsecured creditors and certain term-loan lenders will be allowed to vote on the plan. Pacific Sunwear has roughly $60 million in unsecured debt, including claims for unpaid rent and leases, court papers show.