Bankruptcy Blogs

The Examiners: Responsibility Lies With Consumers

07/28/15

Do shoppers suffer too much in bankruptcy, or should they be expected to share the pain?

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The Examiners: Retail Distress of More Concern Than Consumers

07/28/15

Do shoppers suffer too much in bankruptcy, or should they be expected to share the pain? 

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The Examiners: Assure Consumers That Gift Cards, Privacy Will be Protected

07/28/15

Do shoppers suffer too much in bankruptcy, or should they be expected to share the pain?

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Blockchain Technology Will Erode Banking Borders

07/28/15

In the years ahead, look for projects that leverage the Bitcoin network to greatly expand mainstream banking infrastructure's reach into new markets Â-- particularly those in volatile economies.

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Morning Scan: Merchants Seek Dismissal of $6B Credit Card Settlement; Faulty Credit Reports Targeted

07/28/15

Wall Street Journal

If you can't trust your lawyer, who can you trust? Visa, MasterCard and millions of merchants may see the $6 billion settlement of a class-action lawsuit go up in smoke. The reason is what a legal ethics expert described as "gross misbehavior" by the lawyers involved. The settlement resolved a lawsuit alleging the credit-card networks engaged in price-fixing when they banned merchants from charging customers more when they used a credit card instead...

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Baha Mar Developer Izmirlian Wants Lender to Get Rid of Contractor

07/28/15
Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014. 
Baha Mar

Bahamas resort Baha Mar’s developer Sarkis Izmir

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Make Bank Consultants Directly Accountable to Regulators

07/27/15

Regulators rely for critical information on consulting firms that are paid by the very same banks that they are engaged to evaluate. This conflict of interest has repeatedly proven toxic.

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In Rare Fight, Johnson & Wales Battles to Keep Tuition Money

07/27/15

Johnson & Wales University is fighting to keep $46,909 in tuition paid by a Connecticut couple for their daughter’s education against the demands of a bankruptcy court-official, who sued to get that money back.

The private, Rhode Island-based college has asked a bankruptcy judge to throw out the lawsuit that arose when Robert and Jean DeMauro filed for bankruptcy last year. A bankruptcy trustee who examined the DeMauros’ finances argued that the couple didn’t get any benefit from the tuition payments made from March 2011 to December 2013—their daughter did.

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A Banking Revolution Even Regulators Can Love

07/27/15

In order for the financial services industry to achieve its full potential in the digital age, Silicon Valley must work together with banks and lawmakers to build technology that can modernize banking infrastructure while addressing regulatory and cybersecurity challenges.

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Is Bankruptcy Unfair to Shoppers?

07/27/15

When a retailer files for bankruptcy, the first question on many customers’ minds is: Can I still use my gift card?

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