Bankruptcy Blogs

The Litigation in Caesars’ Bankruptcy Case is Decadent and Depraved

06/03/15
Caesars Palace Hotel & Casino is pictured on the Las Vegas Strip Thursday, Jan.
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Keep Dreaming, Regulators: Bailout Risk Is Alive and Well

06/03/15

The "too big to fail" problem can't be solved with living wills and orderly liquidation. Rather, a structural solution is needed to reduce the size of mega-institutions.

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Patriot Coal Makes Sale Deal With Blackhawk Mining

06/03/15

Patriot Coal Corp. has lined up a deal to sell most of its operating mines to Blackhawk Mining LLC. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Credit Unions Probed for AML Weakness; Three Banks Reject Target Settlement

06/03/15

Wall Street Journal

Regulators are looking at credit unions, and regional banks to a lesser extent, as the weak link in the money laundering fight. With regulatory scrutiny pushing big banks out of the business of handling transactions for money-services businesses, such as check-cashers, those businesses are now turning to credit unions. And many of those credit unions are small institutions without the sophisticated technology and processes needed to weed out money-launderers. Drug dealers and other...

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Rival Bidders in Talks On Reviving New York City Opera

06/03/15
City Opera performers bow at the final performance of ‘Anna Nicole’ on Sept.
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Supreme Court Extends Dewsnup But Suggests They Really Don't Care for the Decision

06/02/15
The Supreme Court extended the holding of Dewsnup v. Timm, 502 U.S. 410 (1992) to a fully unsecured junior lien in a chapter 7 case.    However, the Court suggested in a footnote that they are ready to reconsider the underlying precedent.    This suggests that the Petitioners may have lost because they were not bold enough in challenging Dewsnup.   Bank of America v. Caulkett, No.
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Using Unreliable Data Won't Help Credit Invisibles

06/02/15

FICO discards incomplete and old credit history information for a good reason. The solution to today's credit-access problems is not to use this unreliable data but to turn to alternative data such as the payment of everyday bills.

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Florida Homestead Exemption

06/02/15

Article X, Section 4 (a) of the Florida Constitution provides for the Florida "homestead" exemption. This homestead exemption is in most cases available to those who file for bankruptcy relief in Florida.

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New Credit Score Models Hold Promise for Credit Access

06/02/15

Access to credit is too tight. But new credit-scoring models could increase the number of eligible borrowers in the U.S. without weakening todayÂ's underwriting parameters.

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