Bankruptcy Blogs

The Next Big Challenge for Bank Chief Risk Officers

06/30/15

The financial crisis and its aftermath elevated the stature of CROs. The true test of their new clout will come during the next market expansion.

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Notifying Potential Claimants in Diocese Chapter 11 Cases

06/30/15

Since 2004, 12 Catholic dioceses have filed under Chapter 11. The latest case is that of the Archdiocese of St. Paul and Minneapolis, which filed in January 2015. The claims bar date is set for August 3. How should the Archdiocese go about notifying potential claimants -- clergy abuse survivors who have not yet come forward and who may feel ashamed and alone -- that they need to file a claim by the bar date?

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Choice of Law in a Bankruptcy Case

06/30/15

When a person files for bankruptcy in Florida and owes a gambling debt in Nevada, which states' law apply in determining whether the claim on the gambling debt should be allowed or whether it is dischargeable or nondischargeable?

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Dewey Defense: Everyone Sends Embarrassing Emails

06/30/15

: Richard Drew/ASSOCIATED PRESS

As the Dewey & LeBoeuf LLP trial plods into its sixth week, e-mails continue to play a key role.

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Misguided Bank Lawsuits Deepen Remittance Crisis

06/30/15

Even if the U.S. government eases enforcement against banks processing wire transfers to developing countries, lawsuits brought by the plaintiffs' bar under the Anti-Terrorism Act may make banks continue to avoid providing remittance services to needy communities.

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Gelpern on Puerto Rico and Greece on Rehm

06/30/15

Credit Slips blogger, Anna Gelpern, was on the Diane Rehm Show this morning discussing the financial problems in Puerto Rico and Greece. Gelpern of Georgetown University was joined by Greg Ip of the Wall Street Journal and Matthias Matthjis of Johns Hopkins. A link to the full audio program can be found here.

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CFPB Should Stop Stalling on Small-Business Loan Rules

06/30/15

Equal-opportunity small business lending can go a long way toward helping minority groups rebuild the wealth lost during the Great Recession. The CFPB has delayed implementing reporting requirements that could close the credit gap for far too long.

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Morning Scan: JPMorgan Upgrades Prepaid Cards; Who's Afraid of a Grexit?

06/30/15

Receiving Wide Coverage ...

All Eyes on Greece: Now that Greece has closed its banks for at least a week in order to avoid a run as bailout negotiations with the European Union have stalled, speculation is rampant about how the emergency measure will play out. The Wall Street Journal warns Greek banks may not have enough cash on hand to get through the week if all of the country's residents withdraw the maximum amount permitted...

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