Bankruptcy Blogs

Morning Scan: Is Silicon Valley Winning the Battle for Talent?

03/25/15

Receiving Wide Coverage ... Go West, CFOs: Ruth Porat's move from chief financial officer at Morgan Stanley to the same position at Google has sparked a surge of think pieces on Wall Street's diminished lure compared to the creative yet lucrative jobs in Silicon Valley Â-- and more than a few contrarian responses. The New York Times' Neil Irwin cheers Porat's decision as an indicator that the tech sector has dibs on the country's top talent,Â...

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'Void after 90 Days?' Illinois Court Says No

03/24/15

The ruling means that customers could be at risk for not reviewing bank statements carefully and then failing to notify their bank of an error in a timely manner.

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100 Montaditos Franchise Fight Is Heating Up

03/24/15

In the bankruptcy case of the little Spanish sandwiches, a big fight is heating up.

During a hearing last week, a federal judge said the South Florida franchise of 100 Montaditos could shut down despite the bankruptcy filing of the Spanish restaurant’s U.S. arm.

The ruling was basically a formality—the bankruptcy code might have prevented the franchisee from shutting down his operations without the judge’s approval—but it preserved the ability of franchisees and the company to take legal action against each other in the future.

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Where Credit Report Reforms Fall Short

03/24/15

Three major credit agencies are overhauling the way they resolve disputes and report unpaid medical debt. ThatÂ's a good start, but the best way to wipe out credit-reporting errors is to encourage Americans to review them regularly.

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The Daily Docket: Standard General Leads in RadioShack Auction

03/24/15
Keith Bedford for The Wall Street Journal

The RadioShack auction moves into a second day Tuesday in New York, as the company and its creditors debate the value of the bid from big lender Standard General LP.

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Morning Scan: Foreign Banks' Living Wills Get Thumbs Down; NYSE May Delist Ocwen

03/24/15

Receiving Wide Coverage ...

Living Will Letdowns: When it comes to living wills, banks face a tough crowd. So it may not come as a total shock that regulators rejected the living wills of foreign banks BNP Paribas, HSBC and Royal Bank of Scotland Group, instructing them to address deficiencies in their wind-down plans for U.S. units by the end of the year or face possible sanctions. Eleven U.S. banks received similar orders from the Federal...

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Former Weil Litigator Nominated as Caesars Bankruptcy Examiner

03/24/15
Associated Press

A former Weil, Gotshal & Manges LLP litigator has emerged as a potential player in the drama surrounding the bankruptcy of Caesars Entertainment Corp.

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Allied Nevada Gold Formation Meeting and Section 341 Meeting Scheduled

03/23/15

In the Allied Nevada Gold Corp. bankruptcy proceeding, a formation meeting has been scheduled for Thursday, March 19, 2015 at 10:00 a.m. (ET) at the J. Caleb Boggs Federal Building, 844 King St., Room 2112, Wilmington, DE 1980.  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.

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