Bankruptcy Blogs

Foohey on Black Churches in Bankruptcy

12/18/15

Credit Slips blogger Pamela Foohey has a new article on SSRN, "Lender Discrimination, Black Churches, and Bankruptcy." This paper builds on her previous work about churches in bankruptcy to dig into the demographics of which churches end up in bankruptcy court.

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David Hasselhoff-Endorsed Start-up Enters Bankruptcy

12/18/15

This week on The Broke and the Beautiful, a home-services start-up endorsed by The Hoff filed for bankruptcy, and an executive who helped re-pitch the concept for “Survivor” after it was snubbed by major networks fighting for profits. Also, “Dance Moms” star Abby Lee Miller might be missing from a few episodes, and “Gossip Girl” star Kelly Rutherford won’t have custody of her kids.

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Next Week in Bankruptcy

12/18/15

A federal judge will hear protests on Wednesday from bondholders who say the city of San Bernardino, Calif., shouldn’t leave bankruptcy protection without making a higher repayment offer on roughly $51 million worth of bonds.

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Don't Blame Regulators for Dearth of New Banks

12/18/15

De novo activity has remained at a trickle and the reason is investing in a new bank just isn't attractive as it used to be.

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Morning Scan: Rate Hike Fallout, Continued; GSE Revival Hopes Squashed

12/18/15

Receiving Wide Coverage…

Fed Fallout Continues: The results of the Federal Reserve's decision to raise interest rates continue to become clear. On Thursday, the initial results of the Fed's rate experiment came in – and so far, it's a success. The federal funds rate moved to 0.35% in early morning trading, well within the range of 0.25% to 0.5% that the central bank had announced. The rate demonstrated what the Wall Street Journal termed an "orderly"...

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New Gulf Resources Files for Bankruptcy Protection

12/18/15

Tulsa, Okla., energy company New Gulf Resources LLC filed for chapter 11 protection Thursday, the latest in a slew of energy companies to enter bankruptcy. Read the Daily Bankruptcy Review article here.

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Battle for ‘Survivor’ Profits Ends up in Bankruptcy Court

12/17/15
Albert Destrade, left, Sophie Clarke and Benjamin “Coach” Wade, right, arrive at the “Survivor: South Pacific” finale and reunion show held at CBS
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Women in Banking: Ellen Costello Returns; FemTech Fail

12/17/15

Citi adds two more female directors, including Ellen Costello; social media allows small banks to connect with people who aren't coming into the branch, says one of our community bankers of the year (and if you're on Twitter, you probably already know who), and Mary Wisniewski asks, how can fintech hope to disrupt banking when it's no different than banking? (Hard not to notice the sexism and the dearth of women when you are one.)

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Payday Loan Crackdown Hurts Fight Against Terror

12/17/15

The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.

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Dear FHA, Ignore the Doubters

12/17/15

Now is not the time for the Federal Housing Administration Â-- which has stayed strong amid turmoil Â-- to reduce its market share.

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