Bankruptcy Blogs

In a 16 page opinion released January 28, 2016 in the Casino Caribbean, et al. v. Money Centers of America adversary proceeding (Bank. D. Del. Adv. No. 14-50437), Judge Christopher S. Sontchi of the Delaware Bankruptcy Court granted the motion of Quapaw Casino to intervene in the adversary proceeding.  Judge Sontchi’s opinion is available here (the “Opinion”).

Banks' vocal opposition to the National Credit Union Administration's proposal to ease field-of-membership rules overlooks why changes are necessary and long overdue.

Monday is shaping up to be a busy day in bankruptcy court, with major hearings set to begin in New York, California and Delaware.

In Manhattan, Relativity Media LLC will seek final court approval of a chapter 11 plan that restructures more than $1 billion in debt and leaves the company poised to emerge from bankruptcy in early February.

The potential for more convergence between financial products and physical products raises a whole host of data and privacy issues that banks must deal with proactively.

California surfwear and skatewear retailer Quiksilver Inc. won court approval to leave chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here. The plan will restructure some $800 million in debt for the company, which could exit bankruptcy as soon as next week.