Bankruptcy Blogs

CFPB Negligence Standard Casts a Broad Net

07/31/15

It's not enough for banks to avoid deceptive practices. As the CFPB's latest enforcement action against JPMorgan Chase makes clear, banks are obligated to ensure their systems protect consumers from easily preventable mistakes.

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Morning Scan: U.S. Investments Banks Have Upper Hand on European Rivals; Student Loans for the Rich

07/31/15

Wall Street Journal

The U.S. may be second fiddle to Europe in the Ryder Cup golf competition, but that's not the case when it comes to investment banking. As Europe's large banks with big investment bank operations talk about doom and gloom, and as their shares plummet, their U.S. counterparts are moving in the opposite direction. ...

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Film Studio Relativity Media Enters Bankruptcy, Plans to Sell Itself at Auction

07/31/15
Ryan Kavanaugh, Relativity Media CEO, takes part in a panel titled “Can Hollywood Speak Chinese?” during the Milken Institute Global Conference in Beverly Hills, Calif., in April.
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Preference Actions filed in Deb Shops Bankruptcy

07/30/15

On July 29, 2015, Deb Shops SDFMC LLC, in its capacity as debtor in possession, filed 92 preference complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, and to disallow claims of the defendants pursuant to Section 502(d).

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Anchorage Group to Lead Bidding on Relativity Media at Bankruptcy Auction

07/30/15

Several of Relativity Media LLC’s largest creditors have joined together in a stalking horse bid for the Hollywood studio that would see the exit of its founder and chief executive, said people familiar with the matter.

Anchorage Capital Group LLC, Luxor Capital Group LP and Falcon Investment Advisors LLC are all part of an offer that will set the minimum floor as bidding for the studio, which on Thursday filed for chapter 11 bankruptcy, begins soon.

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Relativity Media’s Path to Bankruptcy

07/30/15
Ryan Kavanaugh, Relativity Media’s chief executive, in California on April 27.
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Law of Debtors and Creditors Users (and would-be users)

07/30/15

As Jason Kilborn has graciously described, Credit Slips is the blogging base of the authors of the Law of Debtors and Creditors, 7th edition, (Aspen/Wolters Kluwer 2015).

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Women in Banking: B of A's New Stress-Testing Boss; Yellen's Report Card

07/30/15

Bank of America puts an HR exec in charge of stress testing, a look at how Yellen compares to Bernanke at the 18-month mark as Fed chair, Sen. Collins tries to help small banks and Cullen/Frost shuffles some key executives.

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How to Show Customers Security Is Job One at Your Bank

07/30/15

Financial institutions take information security concerns very seriously, but few make it a priority to keep accountholders updated on their safeguarding efforts.

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