Bankruptcy Blogs

This week on The Broke and the Beautiful, a bankruptcy watchdog urged 50 Cent to protect his investments, David Cassidy’s home got a higher bid, and the Wayne Newton museum is finally coming to fruition. Also, Toni Braxton is set to star in a Lifetime movie based on her memoir.

Blink and you missed it, but Hercules Offshore Inc. is set to ask for court approval of its bankruptcy-exit plan next week, concluding its month-long case.

On Thursday, the U.S. Bankruptcy Court in Wilmington, Del., will consider the rig operator’s proposal to hand ownership of the restructured company to bondholders in exchange for $1.2 billion in debt forgiveness.

Receiving Wide Coverage ...

Reactions to Fed: The Federal Reserve opted not to raise short-term interest rates at its two-day policy meeting, putting an end to weeks of speculation — and setting off a rash of think pieces and retorts, naturally. The Wall Street Journal delves into banks' disappointment, noting that Bank of America and U.S. Bancorp plan to look for ways to cut costs further to make up for the continued low-interest-rate environment. American Banker...

LACONIA, N.H.

Faster payments have a lot of benefits Â-- and one big downside. A new electronic payments system could make it easier for people to unwittingly send money to scammers and harder for fraud victims to get their money back.