Bankruptcy Blogs

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Although millennials are less trusting of financial advisors than older investors, there are still ways for wealth management firms to court younger clients.

Wall Street Journal Royal Bank of Canada has big plans for wooing the wealthy now that it's locked up City National Bank. After closing its $5.4 billion purchase of the Los Angeles lender, the Canadian bank plans to rework its jumbo-mortgage product, in an attempt to lure more high-net-worth clients. It's not a novel concept. Other banks have used jumbo mortgages as bait to reel in the rich and sell them other products, such as investmentÂ...

On October 30, 2015, Fresh & Easy, LLC (“Debtor”) filed a petition for bankruptcy under Chapter 11 of the United States Bankruptcy Code.  Exide filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware. At the time of its bankruptcy filing, Fresh & Easy had 97 stores in California, Arizona and Nevada.

Chief financial officer Peter McPhee signed court documents indicating the company has assets of $10 million to $50 million and debts of between $100 million and $500 million.