Bankruptcy Blogs

American Eagle Energy Enters Bankruptcy

05/11/15

Colorado oil company American Eagle Energy Corp. has filed for chapter 11 bankruptcy protection after missing an interest payment to bondholders. The Wall Street Journal has the Daily Bankruptcy Review article here.

[more]

Morning Scan: Big Banks Huddle in Response to Campaign Critics; Shifting to Loans

05/11/15

Wall Street Journal

Sen. Elizabeth Warren, D-Mass., isn't running for president (as of yet) but her presence is certainly being felt in the C-suites of the largest banks. Seven executives from JPMorgan Chase, Goldman Sachs and other banks met at Bank of America Tower in New York on March 31, or dialed into a conference call, to discuss how to counter the campaign-trail argument that banks are bad, according to unnamed sources and emails obtained by...

[more]

Fine Corinthian Colleges

05/11/15

And the business model that will likely leave them unable to pay students, even if the students win in their ongoing litigation, over at Dealb%k.

[more]

Lenny Dykstra Trades Barbs With Mitch Williams in Philly Sports Roast

05/08/15

This week on The Broke and the Beautiful, two former Phillies traded barbs, a Super Bowl ticket seller didn’t have a super week, and the company that distributed “Ace Ventura” is on its way out of bankruptcy.

[more]

Mixed Messages Regarding OLA

05/08/15

Over at Dealb%k I talk about the confusing state of affairs regarding Dodd-Frank Orderly Liquidation Authority and the FDIC's new "single point of entry" (SPOE) approach to OLA.

[more]

How Banks Can Topple Fintech Challengers: Weekly Wrap

05/08/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how convenience may help banks beat out Silicon Valley and whether community banks can reduce their regulatory burden on their own.

[more]

Bankrupt Chicago Horse-Racing Tracks Look for Buyers

05/08/15

Want to place a bet on two Chicago-area horse-racing tracks?

Balmoral Park and Maywood Park are going up for sale as part of a deal to end a legal fight with Illinois riverboat casino operators. The casino operators won an $82 million judgment against the tracks’ owners over an alleged bribery scheme involving disgraced ex-Illinois Gov. Rod Blagojevich. The tracks filed for bankruptcy in December to prevent the casinos from trying to collect that money.

[more]

How to Cure Banks' Broken Culture Syndrome

05/08/15

A dysfunctional culture can harm banks' long-term viability and share value growth. Luckily, these problems can be fixed by encouraging team accountability, empowering employees to make decisions, and showing appreciation for staffers.

[more]

RadioShack Intellectual Property Hits Auction Block Monday

05/08/15
Tony Gutierrez/Associated Press

The RadioShack trademark and the rest of the intellectual property trove of the electronics retailing pioneer is going up for auction Monday as efforts continue to gather cash f

[more]