Bankruptcy Blogs

In-Store Branch DNA: Well Worth Replication

04/01/15

In-store bankers are experts in finding creative ways to catch potential customers' attention. That's a skill that every modern bank employee needs to hone.

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The Daily Docket: RadioShack Wins Approval of Standard General Takeover

04/01/15
Keith Bedford for The Wall Street Journal

RadioShack Corp. won court approval of a lender takeover that will send the retailer out of bankruptcy in pared-down form, but still selling electronics.

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Morning Scan: New Credit Score for the Underbanked; Ex-Chargers Linebacker Sues B of A

04/01/15

Wall Street Journal

Fair Isaac is developing a new credit score that's aimed at the millions of people who currently don't have credit scores and are cut off from auto loans, credit cards and mortgages. About 53 million Americans are now unable to qualify for most types of bank-issued consumer credit because they don't have a credit history. The product "is largely a response to banksÂ' desire to boost lending volumes by increasing loan originations to...

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RadioShack Corp. Bankruptcy: How can a landlord protect itself prior to and during bankruptcy?

03/31/15

With the RadioShack Corporation bankruptcy action affecting the rights of many commercial landlords, it is important to determine ways that landlords can protect themselves during the course of the bankruptcy action.

First, requiring a third-party guarantor is one way in which a landlord may obtain better creditor protection when entering into a lease. The automatic stay does not prevent a landlord from taking action against a guarantor to a corporate debtor-tenants’ lease, provided the lease guarantor is not in bankruptcy.

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Energy Future Holdings Make-Whole Ruling Extends Rationale of Important SDNY Decisions to Delaware

03/31/15

Judge Christopher Sontchi issued a notable opinion last week in the bankruptcy case of Energy Future Holdings Corp., et al. (“EFH”), Case No. 14-10979 (D. Del.), ruling that the repayment in full of certain senior secured notes did not trigger an obligation by the debtors to pay a make-whole premium.

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Don't Blame Dodd-Frank for Dwindling Number of Community Banks

03/31/15

The sweeping reforms passed in 2010 didn't bring community banks to the brink of extinction. Rather, their numbers have dwindled because of the impact of economies of scale and dormant de novo banking activity.

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Patriot Financial, Castle Creek Selling Big Stakes in Denver's Guaranty

03/31/15

Patriot Financial Partners and Castle Creek Capital Partners will significantly reduce their holdings in Guaranty Bancorp in Denver.

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Who Wins the Derisking Shell Game? Bad Guys, Mostly

03/31/15

A growing lack of transparency between some businesses and their banking service providers threatens our ability to effectively manage money laundering and terrorist financing risk.

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Morning Scan: Federal Agents Nabbed in Silk Road Heist; JPMorgan Execs Deposed

03/31/15

Receiving Wide Coverage ...

When Nob Met Dread: Two federal officials assigned to investigate Silk Road, the digital marketplace for drugs that only accepted payment via Bitcoin, have been charged with illegally using the defunct black-market service to enrich themselves. An agent with the Drug Enforcement Administration and a Secret Service agent have resigned and been charged with money laundering and wire fraud. The DEA agent, named Carl Mark Force IV, has also been charged with...

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The Daily Docket: Altegrity Files Restructuring Plan

03/31/15

Altegrity Inc., which gained notoriety for vetting former National Security Agency contractor Edward Snowden, said its restructuring plan would pay general unsecured creditors just over two cents on the dollar for their claims. Read the Daily Bankruptcy Review article here.

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