Bankruptcy Blogs

Fifth Circuit Report: March 2015

04/14/15
The big decision out of the Fifth Circuit this month was a Ponzi scheme case against The Golf Channel.
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Why Marketplace Lenders May Snuff Out Credit Cards

04/14/15

Marketplace lenders are aggressively marketing their loans as a way to refinance expensive credit card debt. And with more affordable interest rates and faster loan application processes, there's reason to believe that firms like Lending Club and SoFi will beat out banks.

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One in Six NFL Players Goes Bankrupt Within 12 Years of Retirement

04/14/15
Fumbled opportunities? Nearly one in six NFL players goes bankrupt within 12 years of retirement.
(TIMOTHY A.
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Why Has Chapter 11 Failed as a Reorganizing Chapter?

04/14/15

The ABI has spent thousands of hours on its Chapter 11 Commission Report; the National Bankruptcy Conference is hard at work on its "Rethinking Chapter 11" project. Underlying these and other such efforts is an overwhelming frustration with the failure of Chapter 11, under current circumstances to empower true reorganization. Hard to believe but it was not always this way. During the first decade or two of the Bankruptcy Code it seemed to be working pretty well; in fact many courts were unwilling to consider quick sales of the entire business.

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Insurance Capital Games and PMI Reinsurance Kickbacks

04/14/15

The New York Times carried an important story about the risky investment moves of life insurance companies.

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Three Problems That Should Top Basel Committee's To-Do List

04/14/15

The Basel Committee needs to measure the efficacy of recently implemented rules, strengthen banks' operational risk requirements and make banks' risk models less variable. Luckily, secretary general William Coen has vowed to do just that.

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Furniture Brands International – Preference Litigation has Begun

04/14/15

On September 9, 2013, Furniture Brands International (“Furniture Brands”) and various related entities filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  We initially published a blog post about the filing here: Furniture Brands Files for Bankruptcy in Delaware Seeking to Sell Assets

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Morning Scan: Citi CEO Succession Plan Set? Pot Bank's Exit Strategy

04/14/15

Breaking News This Morning ...

Earnings: JPMorgan, Wells Fargo Wall Street Journal

Citigroup's reshuffling of executives announced on Monday included the appointment of a clear number two executive behind CEO Michael Corbat. Citi named Jamie Forese its sole president, making him the likely successor to Corbat should he step down, unnamed sources told the paper. Forese's promotion was not mentioned in a letter Corbat sent to Citi employees on Monday. Forese is currently head of Citi's investment bank...

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The Daily Docket: Energy Future Files Bankruptcy Plan

04/14/15
Asim Hafeez/Bloomberg News

Texas energy giant Energy Future Holdings Corp. has filed the restructuring plan that outlines how it hopes to reshape a $42 billion debt load and exit bankruptcy.

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