Bankruptcy Blogs

The Examiners: Evaluation of Insider Pay Needs to Consider the Market

11/19/15

When it comes to pre-bankruptcy insider pay, how much disclosure is enough?

[more]

A Different and Better Type of Financial Counseling For Low and Moderate Income Consumers May be on the Horizon

11/19/15

After many years of lingering between mediocrity and dishonesty there may be early signs of improvement in the industry that provides financial counseling or coaching for low and moderate income consumers in financial difficulty. Sparks started by Single Stop/Robin Hood Foundation in the NYC area and Cities for Financial Empowerment in NYC and several other cities may have the potential to provide much needed help.

[more]

Why Swaps May Save Banks' Bacon When Rates Rise

11/19/15

Presuming that medium-sized banks that offer hedging products face added interest-rate-risk fears misses the full story.

[more]

The Examiners: Integrity Demands Insider Pay Disclosure

11/19/15

When it comes to pre-bankruptcy insider pay, how much disclosure is enough?

[more]

GOP Candidates Have It All Wrong on Community Banks' Demise

11/19/15

Republican presidential contenders are off base when they claim the Dodd-Frank Act spurred the decline in community banks, which in fact predated the law.

[more]

Morning Scan: Square IPO Disappoints, but JPM Protected; Robo Advisers Heat Up

11/19/15

Wall Street Journal

Square's IPO underachieved, as the fintech startup was forced to slash its share price to $9 from an initial expected range of $11 to $13. The Journal explained what happened thusly: "Public investors are growing more skeptical of the enormous valuations that venture capitalists are putting on private technology companies." Then there's this point: "The company is yet to prove it can turn the business profitable," said analysts at Susquehanna International Group. ...

[more]

Energy Future’s Oncor Gets Bid From NextEra

11/19/15

NextEra Energy wants to buy Energy Future Holdings Corp.’s Oncor, which is on track to be sold to a Hunt Consolidated Inc.-led group. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

GM Judge Nuances His Earlier Rulings and Sets Out Permissible Ignition Switch Lawsuits

11/18/15

At a hearing in late August, Judge Robert Gerber expressed his annoyance with both sides in the ongoing battle to determine whether General Motors LLC (“New GM”), the entity formed in 2009 to acquire the assets of General Motors Corporation (“Old GM”), is shielded from lawsuits based on ignition switch defects in cars manufactured prior to New GM’s acquisition of the assets of Old GM in 2009.

[more]

Servicers Serve the Interests of the Lender, NOT the Student Loan Borrower

11/18/15

I have enormous respect and appreciation for the CFPB and the wonderful and talented and committed folks who work there. Thus I am mystified that in their efforts to improve servicing of student loans and directing of student loan at-risk borrowers to the window that would help them, they continue to misunderstand the basic nature of capitalism and its profit motive and the borrower-lender relationship.

[more]

The Examiners: Insider Pay Disclosures Can Spark Troubling Unintended Consequences

11/18/15

When it comes to pre-bankruptcy insider pay, how much disclosure is enough?

[more]