Bankruptcy Blogs

Recent industryÂ's analysis of the credit market is too good to be believed or sustained, which should raise red flags for everyone.

In the United States Bankruptcy Court for the District of New Jersey, Charles Forman, the Chapter 7 Trustee to the debtors, Chopper Express, Inc., Chopper DDS, Inc., Life Trucking, Inc., and Pumpernickel Express, Inc. (“Debtors”), filed approximately 54 preference actions in early October 2015 seeking the avoidance and recovery of allegedly fraudulent transfers under Sections 547 and 550 of the Bankruptcy Code.

The fate of the once-ubiquitous Columbia House, the mail-order music firm that advertised cassette tapes for a penny, could crystallize next week in bankruptcy court.

Lawyers for the brand’s owner are preparing to hold an auction on Wednesday if they take in multiple purchase offers by Monday’s bid deadline, according to documents filed in U.S. Bankruptcy Court in Manhattan.

The summer months have been slow at the Fifth Circuit.   August and September's opinions include an update on a prior opinion about abstention related to a chapter 15, judicial estoppel, mootness of an appeal of a sale order, a motion to compromise, removal of a trustee, recognition of a foreign judgment and issues relating to a homestead.
 
Bankruptcy; Abstention; Remand

Breaking News This Morning ...

Earnings: Citizens Financial Group, First Niagara Financial Group, Prosperity Bancshares Wall Street Journal

Barclays and Credit Suisse Group are in talks to pay a combined $150 million to settle a lawsuit that alleges wrongdoing in the operation of dark pools, the private stock-trading platforms that have come under regulatory scrutiny. The Securities and Exchange Commission and the New York State Attorney General are in discussions with the banks about the settlement, unnamed sources...