Bankruptcy Blogs

Forward Motions: LightSquared to Defend Bankruptcy-Exit Plan

03/06/15

LightSquared’s latest attempt to get out of bankruptcy protection will begin on Monday morning.

Bankruptcy lawyers for hedge fund manager Philip Falcone‘s wireless venture will try to persuade Judge Shelley Chapman in U.S. Bankruptcy Court in New York to let them to put the company’s reorganization plan into action.

The company has gone through several proposed restructuring plans, but all have fallen through. And the latest proposal already has a challenger: hedge fund Solus Alternative Asset Management LP.

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Are Public Banks a 'Cure Worse than the Disease'? Weekly Wrap

03/06/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the downside of public banking and the vulnerabilities unaddressed by global regulators' bail-in plan for megabanks.

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Pearls

03/06/15
A comic strip for the Credit Slips crowd from Stephan Pastis:


Pearls Before Swine Comic Strip, March 06, 2015 on GoComics.com.

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The Daily Docket: Caesars’ Junior Creditors Can Keep Voice in Bankruptcy Case

03/06/15
Caesars Palace Hotel and Casino is seen in Las Vegas.
Zuma Press

A bankruptcy judge on Wednesday refused to disband an official committee of junior bondh

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The $10 ATM Fee Could Be a Good Thing

03/06/15

A new service from Cardtronics asks consumers to pay up to $10 a month for unlimited access to 5,000 of the company's ATMs. That may not sound like a great deal Â-- but it could have a lot of appeal among people who make use of alternative financial services.

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Morning Scan: Apple Pay Takes Flak for Fraud; How Useful Are Fed Stress Tests?

03/06/15

Receiving Wide Coverage ...

Taking Stock of the Stress Tests: All 31 banks subject to the Federal Reserve's stress tests had enough capital to survive the central bank's crisis scenario, but many in the media say this may not be the most reliable indicator of how banks would manage in a real recession. The problem is it's hard to predict what a crisis will actually look like, Stanford finance and economics professor Anat Admati tells the...

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The Examiners on Bankruptcy Venue Reform: What Did You Think?

03/05/15

Our Examiners, a panel of some of the leading bankruptcy experts, weighed in this week on the topic of venue reform. And in more than a dozen responses, they agreed—the venue provisions of the bankruptcy code, as is, work well for businesses and creditors.

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Subprime Consumer Lenders Will Learn Their Lesson the Hard Way

03/05/15

The subprime consumer lending business is booming. But lenders that think they have the risk-based pricing model figured out may be in for a rude awakening.

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Credit Slips Bloggers' Amicus Briefs in Caulkett

03/05/15

With my attention drawn to other matters, my personal blogging has been light for the past month. One of the things that had my attention was the Caulkett case currently pending before the Supreme Court. The issue in Caulkett is whether a wholly underwater second mortgage can be avoided in a chapter 7 bankruptcy. Without any value to reach, a wholly underwater second would not seem to be an allowed secured claim within the meaning of section 506.

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