Bankruptcy Blogs

Patriot Pressured Over Bankruptcy Plan

09/24/15

Patriot Coal Corp.’s major lenders are pressuring it over its bankruptcy-exit plan. Read the Daily Bankruptcy Review article here.

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Is Dodd-Frank Doing Its Job?

09/23/15

The only way to evaluate the appropriateness of Dodd-Frank's costs is to monitor the economic benefits that it creates. That's why the government needs to find a quantifiable way to measure the efficiency of its regulations.

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Horse Races At Chicago’s Bankrupt Maywood Park Face Cancellation

09/23/15

An advocacy group within Illinois’s horse-racing industry is fighting to save live racing at the financially struggling Maywood Park track for the rest of the year.

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Sen. Durbin: Fed Botched My Interchange Rule

09/23/15

It's time for the Fed to stop giving deference to the banking industry and correct the industry's swipe fee increases on small-ticket transactions.

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Morning Scan: Moynihan Wins Vote; Blankfein's Illness

09/23/15

Receiving Wide Coverage ...

B of A Passes Vote Test: Brian Moynihan decisively won a shareholder vote to allow him to retain both the CEO and chairman titles at Bank of America. But shareholders who wanted to yank the chairman title from him told the Journal and FT that they still plan to hold his feet to the fire. ...

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Invention Startup Quirky Seeks Chapter 11 Protection

09/23/15

Quirky Inc., an invention startup, filed for chapter 11 bankruptcy on Tuesday, highlighting how tough it can be to successfully pick winners when it comes to consumer products and investment opportunities, Daily Bankruptcy Review reports via The Wall Street Journal.

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Diocesan Bankruptcy Battles Color Pope Francis’s First U.S. Visit

09/22/15
Pope Francis delivers a sermon during a mass at the shrine of the Virgen de la Caridad del Cobre in Santiago, Cuba, Sept. 22. As Catholic officials highlight the pope’s inaugural U.S. visit, the Catholic church in the U.S.
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Trust Payday Loan Borrowers to Make Decisions for Themselves

09/22/15

Contrary to the CFPBÂ's paternalistic claims, most payday loan borrowers are aware that it may take them more than two weeks to repay the credit they take out.

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Third Circuit Allows for More Options for Buyers in a 363 Sale

09/22/15

On September 14, 2015, the Third Circuit released a precedential opinion (the “Opinion”) which addressed payments from a buyer to non-debtor parties in a 363 sale.  The Third Circuit’s opinion is available here.  If you prefer the version of the Opinion published by Westlaw, it is ICL Holding Company, Inc., et al. v. United States, 2015 WL 5315604 (3d Cir. Sept. 14, 2015).

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Relativity Media Sale Faces Obstacles

09/22/15

Film studio Relativity Media LLC’s sale is facing some hurdles from affiliates of Elliott Management.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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