Bankruptcy Blogs

We Can Do Space Travel, But Can't Solve the Payments Security Problem?

12/30/15

Despite increased investment and development in the consumer payments space around mag stripe, EMV and contactless payments solutions, there is still a huge concern when it comes to data theft.

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Martin Shkreli-Linked KaloBios Enters Chapter 11

12/30/15

KaloBios Pharmaceuticals Inc., a company that recently fired Martin Shkreli as chief executive, filed for chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Chapter 13 Debt Limits Apply Equally To Individual and Joint Cases, Says Judge Sacca

12/29/15

In In re Pete, Ch. 13 Case No. 15-63725-JRS, 2015 WL 8540438 (Bankr. N.D. Ga. Dec.

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Were the Energy Future Holdings and Caesars Chapter 11 Cases Just Saved by K Street Lobbyists?

12/29/15

Bankruptcy and restructuring professionals usually do not need to be political junkies.

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Regulators Shouldn't Rubber-Stamp Banks' CRA Efforts

12/29/15

Officials that assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

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Molycorp Warns of Unpaid Debts if Pushed to Liquidate

12/29/15

Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Involuntary Bankruptcy Filed Against Metrogate LLC

12/28/15

On December 22, 2015, an involuntary bankruptcy petition was filed against Metrogate, LLC, in the United States District Court for the District of Delaware.  The petitioning creditors are various Taberna Preferred Funding entities.

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Judge Sontchi Opines on Committee Counsel Fee Application

12/28/15

In a 7 page decision released December 28, 2015, Judge Sontchi of the Delaware Bankruptcy Court ruled on a professional’s fee application.  Even though the Opinion is not particularly unexpected or unusual, because this occurs so infrequently, I thought it worth noting.  Judge Sontchi’s opinion is available here (the “Opinion”).  The Opinion was issued in Cal Dive International, Inc., Case No. 15-10458.

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Failed Golf Channel Back9Network Files for Bankruptcy

12/28/15
Back9Network, a golf channel that briefly aired on DirecTV, has filed for bankruptcy with a $2 million offer for a smartphone app that mapped out more than 35,000 golf courses around the world.
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