Bankruptcy Blogs

Senate Takes Swing at Big Banks

03/27/15

Big banks have something else to worry about when it comes to writing their “living wills.”

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Forward Motions: Parishes to Seek More Say in Archdiocese Bankruptcy

03/27/15

Thursday in Minnesota, about 113 parishes of the Roman Catholic Archdiocese of St. Paul and Minneapolis will argue they deserve their own voice as creditors in the archdiocese’s bankruptcy case.

Victims of alleged clergy sexual abuse and their advocates have called the parishes’ request to form an official committee “troubling,” saying another creditors’ committee would effectively give the archdiocese a place on both sides of the bargaining table.

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A Simple Solution for Overburdened Student Loan Borrowers

03/27/15

The recent history of bankruptcy law suggests there's a way to provide relief to borrowers overwhelmed by student loans while minimizing concerns about moral hazard.

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The Daily Docket: RadioShack Fights for Standard General Takeover

03/27/15
Bloomberg News

RadioShack Corp . said an offer from Standard Gene

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Morning Scan: CFPB-Payday Loan Grumbling; Porat's Worth to Google

03/27/15

Receiving Wide Coverage ... Too Much or Not Enough: Depending on who you ask, the Consumer Financial Protection Bureau's newly proposed restrictions on payday lenders may be characterized as a prime example of regulatory overreaching or as a milquetoast response to toxic practices. Both consumer advocates and payday lending supporters are disappointed by the CFPB's proposals, according to the New York Times. "A chorus of consumer groups said that loopholes in the proposal could still leaveÂ...

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Karmaloop, Inc. Formation Meeting and Section 341 Meeting Scheduled

03/26/15

In the Karmaloop, Inc. bankruptcy proceeding, a formation meeting has been scheduled for Wednesday, April 1, 2015 at 10:30 a.m. (ET) at the DoubleTree Hotel, 700 King St., Salon C, Wilmington, DE 19801.  Click Here for a copy of the Notice of Formation Meeting for Official Committee of Unsecured Creditors issued by the Office of the United States Trustee.  If you want to be considered for Committee membership, you MUST complete a questionnaire and return it to the U.S.

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Coming and Going Concerns

03/26/15

Christopher Celentino has become a managing partner at the San Diego office of Ballard Spahr. Mr. Celentino, a bankruptcy and transactional finance partner at the law firm, has experience in chapter 7, chapter 11 and chapter 13 bankruptcies. He also has worked on areas including creditors’ rights, workouts and fiduciary services litigation and has represented lenders and other parties.

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Judge Approves Deal for American Sniper’s Widow

03/26/15
In this April 6, 2012 file photo, Chris Kyle, a former Navy SEAL and author of the book “American Sniper,” poses in Midlothian, Texas.
Paul Moseley/The Fort Worth Star-Telegr
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Think Outside the Box to Solve Americans' Cash Flow Problems

03/26/15

A number of companies across the U.S. are harnessing technology to solve Americans' cash flow challenges. But there is much more to be done to bring these solutions to the millions of Americans who need them.

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Cheat Sheet: Make Sense of the New Players in Mobile Payments

03/26/15

Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place.

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