Bankruptcy Blogs

On October 19, 2015, Judge Brendan L. Shannon issued an opinion defining the value of a “mobile” asset; in this case, a mobile home.  In an adversary proceeding Welch v. Sun National Bank, docketed as Adversary Case No. 14-50777, Judge Shannon issued a letter opinion analyzing the valuation appropriate for a mobile home (the “Opinion”).  A link to the Opinion is here.

Wall Street Journal

First it was Swiss banks charging clients to hold their deposits. Now it's U.S. banks' turn. State Street for the first time has begun charging fees to hold some large dollar deposits, unnamed sources said. JPMorgan Chase has also started charging fees, helping it cut unwanted deposits by more than $150 billion this year. Bank of New York Mellon and Northern Trust, the other two large custodial banks haven't yet begun charging to...

In the Wire Company Holdings, Inc. bankruptcy proceeding (Delaware Bankruptcy Case No. 15-12097-LSS), the U.S. Trustee has scheduled a Section 341 Meeting of Creditors for November 17, 2015 at 1:00 p.m. (ET) at the J. Caleb Boggs Federal Building, 844 King Street, Room 5209, Wilmington, DE 19801.

This week on The Broke and the Beautiful, Abby Lee Miller was indicted for bankruptcy fraud, three sex workers are accusing Relativity Media of not delivering on some promises, Teresa Giudice is writing a memoir, and Colin Hanks’s documentary on Tower Records is finally out.