Bankruptcy Blogs

Current Developments in Texas Homestead Law

02/04/16
            For this post, I attempted to find every Texas case dealing with a homestead exemption during the period between 2010 and 2015.     Many more cases interpreting the Texas constitutional and statutory laws on homesteads are decided in bankruptcy courts than in reported state court opinions.
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Women in Banking: The Business of Feminism; Bulgarian Women to Watch

02/04/16

Barclays' Barbara Byrne talks about the impact of conferences, events and endless reports on the state of women's advancement in the workplace. Wall Street women still make 40% less than their male counterparts, the government finds. Could the next U.N. leader be a Bulgarian woman? And a legendary woman in tech on how to achieve gender parity. Also, Cathy Bessant, Louise Roseman and Barbara Boxer.

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CFPB Ignores Complaint Data in Targeting Payday Lenders

02/04/16

The amount of complaints in the Consumer Financial Protection BureauÂ's database dealing with payday loans is relatively small, so why is the proposal to regulate payday lenders so sweeping?

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Blockchain Won't Make Banks Any Nimbler

02/04/16

It is outside the realm of possibility for bitcoin's blockchain to serve any useful purpose for the intermediaries it was designed to replace.

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Morning Scan: Flint's Mortgage Woes; Bank Stocks Take Pounding

02/04/16

Wall Street Journal

The water-contamination disaster in Flint, Mich., may have a new consequence: mortgage lenders appear ready to put a clamp on most home purchase loans. Lenders have started to require that home buyers must provide proof that a property they want to buy does not have contamination.

Nonbank lender Michigan Mutual and banks Wells Fargo and Bank of America have sent notices saying they won't make loans on a properties that don't have drinkable water....

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Pharma Company KaloBios Still Looking to Buy Chagas Disease Drug

02/04/16

KaloBios Pharmaceuticals Inc., the company that fired ex-Chief Executive Martin Shkreli after he was arrested for securities fraud, is still in talks to buy a drug that treats Chagas disease. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Hancock Fabrics, Inc. Files for Bankruptcy

02/03/16

On February 2, 2016, Hancock Fabrics, Inc. and 6 affiliates filed for relief under chapter 11 of the Bankruptcy Code.  The cases are jointly administered under Case Number 16-10296 and presided over by Judge Shannon.  The first day hearing was held on February 3, 2016.  The second day hearing is scheduled for February 22, 2016 at 1:00 p.m.

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Ten Reasons Why Fintech Startups Fail

02/03/16

Here are the most common mistakes that would-be financial services disruptors make on their way to trying to execute a great idea and business plan.

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Don't Give Away the Store When Enabling APIs

02/03/16

There are benefits for banks in fintech collaboration via application programming interfaces, but financial institutions should not let go of customer engagement.

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