Bankruptcy Blogs

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.

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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.

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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.

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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.

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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.

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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.

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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

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Morning Scan: B of A, JPM to Set Right Credit Reports; How Kabbage Grows

05/08/15

Receiving Wide Coverage ...

Not B of A's Day: Bank of America pops up in Friday's news for several reasons, none of them flattering. Over at the New York Times, columnist Gretchen Morgenson questions the distribution of Bank of America's $16.7 billion mortgage settlement. The bank is required to forgive or reduce borrowers' mortgage debt as part of the settlement and the amount of relief it provides is then deducted from the bank's total tab. There's...

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That New Song About Bills

05/08/15

You may have heard it. It was on the radio the last three mornings as I drove to work. It goes, "I got bills I gotta pay, so I'm gonn' work work work every day." It made me think about bankruptcy (naturally). And it is really catchy. The song's simply titled, "Bills," and is LunchMoney Lewis's debut single. The lyrics reference empty fridges, cars not starting, shoes without "soul," praying that cards won't be declined, and, of course, piles of bills.

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