Bankruptcy Blogs

Restructuring Activity to Be Boosted By Flagging Commodities in 2016

01/06/16
An oil-pumping unit, also known as a “nodding donkey” or pumping jack, operates at a drilling site. Restructuring professionals believe the majority of their work will be led by commodities-related companies as demand falls and prices across sectors continue to d
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New Finance in 2016: Banks and Disruptors Are Better Together

01/05/16

At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged.

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A World Without Overdraft Protection (It Ain't Pretty)

01/05/16

If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.

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WeedHire Goes Up in Smoke

01/05/16
Marijuana plants pictured in a greenhouse in Mexico City.
Yuri Cortez

It had an app, it rang up more than

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Morning Scan: Lenders' Private Equity Counsel Conflict; Sanders' TBTF Plan

01/05/16

Wall Street Journal

Bank stocks, measured by the KBW Nasdaq Bank Index, rose 35% in 2013, boosted by hope that then-Fed Chairman Ben Bernanke would raise interest rates, David Reilly writes in a short "Overheard" column. Then 2014 arrived and the waiting game began. The KBW index rose only 7% for the year, trailing the overall market's performance. Things got worse last year, as bank stocks lost 1.6% for the year. ...

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Bernard Madoff Trustee Picard Settles With Investor for $25 Million

01/05/16

Bernard Madoff trustee Irving Picard made a $25 million settlement with investor Vizcaya Partners Ltd. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Diocese of Duluth Sets May Deadline for Abuse Claims

01/04/16
This photo shows the Cathedral of Our Lady of the Rosary in Duluth, Minn., Monday, Dec. 7, 2015.
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If Banks Fear Screen Scraping, Why Are They Fighting the Alternative?

01/04/16

Banks claim bandwidth and security concerns led to interruptions for personal finance apps, but institutions still resist a more secure and efficient portal.

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New Gulf Resources – 341 and Formation Meetings Scheduled

01/04/16

On December 17, 2015, New Gulf Resources, LLC and 3 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.  The cases are jointly administered under Case No. 15-12566 and are pending before the Honorable Brendan Linehan Shannon. The first day hearing was held on December 18, 2015.  The “second day” hearing is scheduled for January 19, 2016 at 12:00 p.m.

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