Bankruptcy Blogs

Morning Scan: TLAC, Part II; Yearly Bonuses Going Bust

11/09/15

Receiving Wide Coverage...

TLAC, Part II: Not quite two weeks after the Federal Reserve Board released its contentious total loss absorbing capacity (TLAC) proposal, the Financial Stability Board updated its own plan to force "systemically important" banks to issue more debt in order to prevent future global financial crises.

The FSB's version calls for these banks to build by 2019 a cushion of at least 16% of their risk-weighted assets in equity and debt, similar to what...

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NextEra Circles Oncor as Energy Future Pursues Sale

11/09/15

Florida-based NextEra Energy Inc. is circling Energy Future Holdings Corp. as it tries to implement its $42 billion debt-repayment plan.Read the Daily Bankruptcy Review article here.

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Wholesale Reform of Indian Insolvency Law

11/06/15

IndianpiggybankOn Wednesday of this week, the Indian Ministry of Finance released a

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Next Week in Bankruptcy

11/06/15

The Roman Catholic Archdiocese of Milwaukee will appear in a federal courtroom Monday to ask a judge to formally wind down its bankruptcy, which has dragged out over nearly five years and provoked bitter legal battles that went as high as the U.S. Supreme Court.

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CFPB Must Show Its Cards on Defining 'Abusive'

11/06/15

The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.

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11/06/15

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Execs Need Better Intel than What They Hear at Conferences

11/06/15

At a time when banking executives face constant change in the industry, it is time for community bankers to share what has worked hasn't worked for them to narrow the knowledge gap.

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Morning Scan: Banks May Dump Data Centers for the Cloud; Foreign Banks Gobble Up Deposits

11/06/15

Breaking News This Morning ...

Employment Report: Unexpectedly Strong Hiring and Unemployment Report Boosts Chance of Rate Hike Wall Street Journal

The new tech giants are the companies that control the Internet economy through their dominance in virtual computing: online search, messaging, advertising, applications, computing and storage on demand. The kings of the cloud (as it were): Amazon, Apple, Facebook, Google and Microsoft. ...

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Walter Energy Heads to Auction With $1.25 Billion Bid

11/06/15

Coal producer Walter Energy, Inc. is headed to a January bankruptcy auction with an offer from senior lenders to cancel or take on $1.25 billion of the company’s debts to set a floor price for the competition, Read the Daily Bankruptcy Review story in The Wall Street Journal.

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Second Western District Judge Finds Proceeds From Post-Petition Sale Can't Be Clawed Back in Chapter 7

11/05/15
After sorting through conflicting precedents, Judge Craig Gargotta has ruled that a chapter 7 debtor who owned a homestead property on the date of bankruptcy and claimed the property as exempt did not lose the exemption when the property was sold and proceeds were not reinvested within six months.    Lowe v. DeBerry (In re Deberry), Adv. No. 15-5054 (Bankr. W.D. Tex.
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