Bankruptcy Blogs

How Lenders Can Avoid Falling Victim to Millennial 'FOMO'

10/13/15

To better serve millennial mortgage customers, lenders would be helped by understanding how the "fear of missing out" mentality drives this generation's consumer culture.

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Morning Scan: Barclays Eyes Ex-JPM Banker Staley for CEO; Weak Bank Earnings Forecast

10/13/15

Receiving Wide Coverage ... Is Staley the Choice of Barclays? Barclays will name Jes Staley its chief executive, as yet another former JPMorgan Chase banker is tapped to lead a financial-services institution. Unnamed sources told the Wall Street Journal, New York Times and Financial Times that Staley will be appointed in the next two weeks, pending regulatory approval. Â...

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Wire Company Holdings, Inc. Files for Chapter 11 Protection – Seeks Sale of Assets

10/13/15

Wire Company Holdings, Inc. (d/b/a New York Wire) and Wire Property Holdings, LLC filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware on October 8, 2015 (lead case number 15-12097-LSS).  As set forth below, the Debtors seek authority to sell substantially all of their assets.

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Colt Could Be Nearing the End of Bankruptcy

10/13/15

Colt Defense LLC is looking for approval of a deal that would let it access $50 million once it leaves bankruptcy, Daily Bankruptcy Review reports.

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The Great Rebundling of Financial Services

10/12/15

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.

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Malibu Lighting Corporation Files for Chapter 11 Bankruptcy

10/12/15

On October 8, 2015, Malibu Lighting Corporation and 6 affiliates filed for relief under chapter 11 of the Bankruptcy Code.  The cases are jointly administered under Case Number 15-12080 and presided over by Judge Gross.  The first day hearing was held on October 9, 2015.  The second day hearing is scheduled for October 27, 2015 at 10:00 a.m.

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Sex Workers Say ‘Life-Changing’ Relativity Show Never Delivered

10/12/15

Three women who allege they were repeatedly promised “life-changing” experiences by Relativity Media LLC as part of a short-lived reality show say the bankrupt Hollywood studio’s empty pockets should not let it off the hook for its empty promises.

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Lawyers Seek $42 Million Payday in MF Global Litigation

10/12/15
Brendan McDermid/Reuters

The lawyers who raked in more than $200 million for MF Global’s investors are now seeking their own payday.

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What Loan Officers Can Learn from Carly Fiorina

10/12/15

2016 Presidential candidate Carly Fiorina telegraphs a message that the mortgage industry would do well to heed.

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Lehman Ex-Bond Trader Loses $83 Million ‘Double Dip’ Bid

10/12/15

Former Lehman Brother bond trader Jonathan Hoffman lost a “double-dip” bid for an $83 million bonus he said he was owed. The Wall Street Journal has the Daily Bankruptcy Review article here.

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