Bankruptcy Blogs

FHLB Membership Plan Deals Blow to Delicate Housing Market

07/02/15

The Federal Housing Finance Agency wants to exclude mortgage real estate investment trusts from membership in the Federal Home Loan Banks. That would be a major setback for the entry-level borrowers who depend on mortgage REITs for sustainable home-financing options.

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Morning Scan: SEC Votes for Clawbacks; Silk Road Agent Dreamed of Silver Screen

07/02/15

Editor's note: Morning Scan will not publish on Friday, July 3 in observance of the Independence Day holiday. We'll be back on Monday, July 6. Receiving Wide Coverage ...

Better Check the Math: Executives may soon have more skin in the game when it comes to accurate financial reporting. The Securities and Exchange Commission voted 3-2 to back a new plan that would require public companies to rescind executive officers' bonuses if accounting errors are discovered ...

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Baha Mar Wins Approval to Tap Loan

07/02/15
Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014.
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Rural Pennsylvania Fire Department Files for Bankruptcy to Save Bingo Night

07/01/15
Manu Fernandez/Associated Press

A volunteer fire department in rural Pennsylvania filed for bankruptcy to protect its main pipeline of revenue: not firefighting, but Friday night bingo games.

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Smart Sales Cultures Get Customers Talking

07/01/15

Banks looking to improve their sales should follow a simple rule of thumb: the more friendly, casual chats staffers have with current and potential customers, the more business they create.

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The Future of Personal Bankruptcy in a Post-Obamacare World

07/01/15
Supreme Court of the United States
Getty Images

The U.S.

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Morongo Tribe Rides to Colt’s Rescue

07/01/15
An aerial view of the Morongo Band of Mission Indians’s casino and resort, which sit on tribal land.
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Introduction to Chapter 13

07/01/15

A chapter 13 case is started by filing a petition with the Bankruptcy Court along with the schedules and statements that explain the person's financial situation.

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Morning Scan: Tsipras Softens Greek Demands; Will Fintech Kill Universal Banks?

07/01/15

Receiving Wide Coverage ...

Ch-Ch-Changes: Fintech will be shaking up the banking industry for years to come, according to a report from the World Economic Forum and Deloitte. The wide-ranging report instructs banks to prepare themselves for a state of near-constant disruption as tech firms alter consumers' expectations by making financial services faster and cheaper. The Wall Street Journal notes the reports' authors also arranged meetings between old-school behemoths like Visa and JPMorgan Chase and upstarts...

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JW Resources Enters Chapter 11 Amid Industry Troubles

07/01/15

JW Resources Inc. filed for chapter 11 bankruptcy Tuesday, the latest coal miner to seek court protection during troubles in the industry. Read the Daily Bankruptcy Review article here.

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