Bankruptcy Blogs

Small Banks Need Better Strategies for Survival

09/02/15

Industry conferences that feature advice tailored to the concerns of Citigroup and JPMorgan Chase don't do community bankers a whole lot of good.

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Energy Future Holdings – Another Major Success for Chapter 11 Mediation?

09/02/15

Mediation has become an invaluable tool in large chapter 11 cases. Traditionally viewed as a means for resolving discrete disputes between a debtor’s estate and an adversary party, in recent years mediation in certain complex cases has evolved into a multi-party undertaking involving claimants from all levels of a debtor’s capital structure, with the ambitious goal of resolving the entire case through a consensual plan of reorganization.

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Bank Data on Diversity Can Help Close Racial Wealth Gap

09/02/15

Minorities receive surprisingly few small-business loans, high-level employment promotions and business contract opportunities. The federal government can help remedy the situation by collected detailed data on these matters from financial institutions.

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Morning Scan: Volcker Rule Puts Leash on Banks; FHA's Peace Offering

09/02/15

Wall Street Journal

Recent stock market swings provided a chance to see the Volcker rule in action. The paper reports big banks made only a small portion of trades for themselves amidst the market volatility of the last two weeks, instead focusing on making bets on behalf of their clients. This is in keeping with the design of the Volcker rule, which aims to preserve the safety and soundness of the financial system by restricting banks'...

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Patriot Coal Judge Urges Union, Buyer to Continue Talks

09/02/15

A judge “strongly” recommended that Patriot Coal Corp.’s buyer and its miners’ union keep engaging in bargaining talks, Daily Bankruptcy Review reports via The Wall Street Journal.

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Bodybuilding Supplement Maker Sues Mr. Olympia Contest

09/01/15
Phil Heath, who won the Mr. Olympia in 2012, poses for a portrait Sept.18, 2013, in Los Angeles.
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Univita Health Inc. Has Filed for Bankruptcy Under Chapter 7

09/01/15

In what looks like a case study in the need to diversify, Univita Health Inc. filed for Bankruptcy in the District of Delaware on August 28, 2015 – It is being administered as Case No. 15-11788.  Pursuant to the Bankruptcy Petition it filed, Univita has also filed for bankruptcy under chapter 7 for 11 affiliates.

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Lemonis Relinquishes Crumbs Stake to Dippin’ Dots Owner

09/01/15
Melanie Cohen

Just more than a year since his 11th-hour move to resurrect Crumbs Bake Shop Inc., investor and television personality Marcus Lemonis announced that he’s selling his stake in the bakery.

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How the Fed Failed the U.S. on Swipe Fees

09/01/15

A new study by the Richmond Fed confirms that swipe fees have only gone down for a small fraction of merchants, contrary to congressional intent. This finding should spur the central bank to limit price-fixing to a reasonable level.

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Why the Best Bankers Don't Fear Rejection

09/01/15

The most productive and successful salespeople hear some version of Â"No thanks, IÂ'm goodÂ" more than anyone else. This kind of daily rejection is just confirmation that they're doing their jobs correctly.

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