Bankruptcy Blogs

Corinthian Wins Liquidation Plan Approval

08/27/15

Defunct for-profit educator Corinthian Colleges Inc. won approval of a liquidation plan that will set aside some money for former students looking to discharge of loans, Daily Bankruptcy Review reports via The Wall Street Journal.

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Judge Silverstein’s First Published Opinion – Scarborough-St. James Corporation

08/26/15

On August 18, 2015, Judge Laurie Selber Silverstein of the Delaware Bankruptcy Court issued her first written opinion in the bankruptcy case Scarborough-St. James Corporation.  In her 17 page opinion, Judge Silverstein addressed a long-running dispute between a landlord and the debtor.

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Yep, 800,000 Bankruptcy Filings This Year

08/26/15

My blogging has been light the past few months as we have been working on the eighth edition of what will now be LoPucki, Warren & Lawless, Secured Transactions: A Systems Approach. For you secured transactions teachers out there, we have returned a first set of page proofs and everything looks on track for publication later this year well in advance of the spring semester.

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Venue (Again)

08/26/15

Some thoughts on the latest dustup over venue in big chapter 11 cases, on Dealb%k.

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Apache Railway Faces Nov. 30 Payment Deadline

08/26/15

Supporters of the bankrupt Apache Railway in rural Arizona face a Nov. 30 deadline to find $7.2 million to pay off investors who they say will pull the railroad’s steel tracks out of the ground and sell them for scrap.

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Morning Scan: Fannie Mae Program to Expand Loan Qualifications; The Return of QE?

08/26/15

Wall Street Journal

The paper has a story on Fannie Mae's revamped HomeReady program, designed to give help to low-income families in qualifying for low downpayment mortgages. Details of the program were outlined in American Banker on Tuesday.

Wells Fargo expects to implement the program, said executive Brad Blackwell. Wells believes the program will help minority groups, although it may take some time to start working. ...

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USA Discounters Enters Bankruptcy to Wind Down

08/26/15

Retailer USA Discounters Ltd., which has been accused of misleading U.S. service members, filed for chapter 11 bankruptcy protection to wind down, Daily Bankruptcy Review reports via The Wall Street Journal.

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Millennial Employees Are Key to Banks' Reputations

08/25/15

Whether it's in your branches, through your customer service lines, in your communities, or through mainstream or social media, it's your employees Â-- many of them millennials Â-- who can make or break your reputation with customers and prospects.

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What It Takes to Be One of the Best Banks to Work For

08/25/15

If you want your bank to be one of the best to work for, you can pick up a lot of pointers from those in our third annual ranking.

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Junk Bond Market Says This Correction Is Different from 2008

08/25/15
Getty Images

On Monday, bond investors may have said we-told-you-so, but they also tacitly gave investors

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