Bankruptcy Blogs

How to Keep Credit Flowing Under CFPB's Payday Plan

04/20/16

To tackle alternatives to payday lending, regulators and the industry should consider these three ideas for pilot programs instead of the Consumer Financial Protection Bureau trying to fix what it cannot.

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Morning Scan: Goldman Sachs' Pain; N.Y. Voters Don't Trust Wall Street

04/20/16

Receiving Wide Coverage ... GoldmanÂ's Revenue Tumble: It was a tough first quarter for Goldman Sachs, as the companyÂ's net income dropped 56% to $1.2 billion on major declines in investment banking and its bond-trading unit. Perhaps the bankÂ's only solace may be knowing that itÂ's not alone. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo reported total revenues of $98 billion for the quarter. ThatÂ's 9% lower than last year,Â...

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Dex Media Plans Chapter 11 Filing

04/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37890782/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37890782/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37890782/smartcrop?height=853&width=1280" caption="Phone-book publisher Dex Media is planning its third chapter 11 filing in seven years." credit="Associated Press/Robert F. Bukaty" placement="Inline" suppressEnlarge="false" ]

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Thoughts on Nortel (from Bob Rasmussen)

04/19/16

The following post comes to us from Professor Rasmussen at USC:

Nortel Bankruptcy Sets a Dangerous Precedent For the Future of Lending

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Colleges Continue to Return Tuition Money in Bankruptcy Fights

04/19/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP848_colleg_P_20160419111258.jpg" J="//si.wsj.net/public/resources/images/BN-NP848_colleg_J_20160419111258.jpg" M="//si.wsj.net/public/resources/images/BN-NP848_colleg_M_20160419111258.jpg" caption="In this May 10, 2014, file photo, a graduate of Northwest Florida State College wears her cap during commencement in Niceville, Fla." credit="Associated Press/Northwest Florida Daily/Nick Tomecek" placement="Inline" suppressEnlarge="false" ]

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Commentary: There Are No Unencumbered Assets in Texas

04/19/16

Six years ago, in an otherwise unremarkable opinion, a court in Texas undermined one of the fundamental concepts embedded in the statute of frauds and deprived unsecured creditors of millions of dollars in value that would otherwise have been available to them. Nobody noticed—until now.

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How Would George Bailey Compete with Fintech?

04/19/16

Community banks are at a crossroads as they face a threat from alternative lenders and the need to stay true to the traditional bank model. What they should do?

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Morning Scan: Wells Fargo Named Primary Dealer; Asia's Malware Woes

04/19/16

Receiving Wide Coverage ...

Wells Fargo Becomes Primary Dealer: The Federal Reserve Bank of New York has added Wells Fargo Securities as a primary dealer for the U.S. government bond market. As a primary dealer, Wells Fargo will trade directly with the New York Fed and underwrite U.S. government debt sales. It's a rare move: There are only 23 primary dealers and the last time the Fed added a primary dealer was in February 2014 when...

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Bankruptcy Plan From San Bernardino Would Shield Police From Claims

04/19/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP771_sanber_P_20160419075723.jpg" J="//si.wsj.net/public/resources/images/BN-NP771_sanber_J_20160419075723.jpg" M="//si.wsj.net/public/resources/images/BN-NP771_sanber_M_20160419075723.jpg" caption="A sign with the 'i' missing from the word civic is seen in San Bernardino, Calif., in this Jan. 23, 2015, file photo. " credit="Lucy Nicholson/Reuters" placement="Inline" suppressEnlarge="false" ]

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Pacific Sunwear Bankruptcy Update – Utilities Motion

04/18/16

As referenced in a prior post, on April 7th, Pacific Sunwear of California, Inc. (aka PacSun, aka Pacific Sunwear) filed for chapter 11 protection in the United States Bankruptcy Court for the District of Delaware.

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