Bankruptcy Blogs

Russia's Bond: It's Official! (... and Private ... and Anything Else It Wants to Be ...)

04/17/15

Ukraine's bond restructuring talks are in high gear, and, as ever, Russia is trouble du jour. Not only is it threatening to hold out in the bond deal and take Ukraine to arbitration, Russia also seems poised to block IMF disbursements to Ukraine using an arcane Fund policy on "lending into arrears." My hunch is that this last risk is overblown, and in any event should not drive IMF policy or Ukraine's restructuring strategy. 

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Dodd Frank and Pink Champagne

04/16/15

Over at Dealb%k, I argue that section 117 of Dodd-Frank is more Siouxsie and the Banshees than Eagles.

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Lessons For Consumer Protection From The World Of Inclusive Capitalism

04/16/15

Lately I have been teaching courses with names such as "Global and Economic Justice" and "History, Impacts and Regulation of Consumer Credit" instead of "Bankruptcy," "Secured Transactions" and "Chapter 11 Reorganizations." So I have been reading different books and listening to different speakers.

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The $12,473 Corporate Reorganization

04/16/15

The owner of a small, struggling business can get sticker shock at the $100,000 to $300,000 price of a corporate reorganization in bankruptcy.

Meet the Florida lawyer who fixed VitaChef Steamer Skillets’ financial problems for a fraction of that amount.

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Little Saigon News Files for Bankruptcy Following Defamation Dispute

04/16/15

A war of words between two newspapers for the Vietnamese immigrant community has landed one paper in bankruptcy court.

The Little Saigon News, a Vietnamese-language newspaper distributed in 17 U.S. cities, filed for bankruptcy earlier this week after facing a $4.5 million penalty for declaring that a rival publication is owned by the Communist government.

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If Detroit Survived Fuel-Economy Rules, Lenders Can Survive New Disclosures

04/16/15

Mortgage lenders are stressed about how the CFPB's new mortgage disclosure rule will impact their business. But the new forms may give them a chance to improve business performance.

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Protections in Place for Former Lifestyle Lift Patients, Employees

04/16/15

The sudden shutdown in March of plastic surgery chain Lifestyle Lift has created confusion for patients looking for refunds on scheduled services that never happened. The company’s 400 laid-off employees, meanwhile, have been scrambling to find answers to questions about incomplete final paychecks and how to access retirement benefits.

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Dodd-Frank 2.0: The Unfinished Business of Financial Reform

04/16/15

Our former co-blogger, Senator Elizabeth Warren, delivered an incredibly important speech yesterday laying out the work still to be done on financial reform. This speech is a bigger deal than Senator Warren's Antonio Weiss speech or her famous Citibank speech. This speech is a blueprint for Dodd-Frank 2.0.  It lays out a detailed vision of the challenges for reform work going forward:

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No Denying Dodd-Frank's Role in Bank M&A

04/16/15

Some industry observers argue that bank consolidation is driven by economies of scale rather than by the regulatory burdens imposed under Dodd-Frank. But the two factors actually go hand in hand.

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The Daily Docket: Bankruptcy Shield Protects GM From Ignition Switch Suits

04/16/15

In a 134-page ruling, a federal judge handed General Motors Co. a legal victory on Wednesday, ruling the Detroit auto maker can retain a bankruptcy shield that protects it from as much as $10 billion in claims brought by customers seeking damages tied to faulty ignition switches, The Wall Street Journal reported. 

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