Bankruptcy Blogs

One More Money Laundering Problem for Banks to Worry About

03/03/15

Trade-based money laundering happens outside the financial system. But it can still create major issues for banks because criminals typically deposit their profits in bank accounts.

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The Daily Docket: Lifestyle Lift Shuts Down, Considers Bankruptcy

03/03/15

Lifestyle Lift, a nationwide chain of cosmetic surgery centers, abruptly shut down the majority of its business Monday and said it is considering filing for bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.

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How Branches Can Help Banks Bridge the Generation Gap

03/03/15

Banks have to invest in mobile technology in order to keep up with millennials. But bankers also need opportunities to rub shoulders with young customers Â-- and small, conveniently-situated branches give them an opportunity to do so.

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How Branches Can Help Small Banks Bridge the Generation Gap

03/03/15

Banks have to invest in mobile technology in order to keep up with millennials. But bankers also need opportunities to rub shoulders with young customers Â-- and small, conveniently-situated branches give them an opportunity to do so.

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Morning Scan: Stressed About Stress Tests; Buffett Bites Bankers

03/03/15

Receiving Wide Coverage ... Nothing But Stress: Foreign banks are stressed about the stress tests. Deutsche Bank and Santander are both expected to be called out by the Federal Reserve on Thursday, when the stress test results are announced, for lapses in risk management. Capital isn't the issue with foreign banks. Instead, it's how they measure and predict risks and losses. DB, Santander, Barclays, Credit Suisse, HSBC and UBS are "now spending heavily and recruiting projectÂ...

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The Challenge of Pro Se Litigants

03/03/15

In a fact-heavy 16 page opinion issued by Judge Shannon on March 2, 2015, we get a clear picture of the challenge faced by litigants when opposing aggressive pro-se litigants.  In Bishop v. Fannie Mae, Adv. Pro. No.

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What are the landlord’s rights when the tenant assumes and assigns the lease to a third-party?

03/03/15

In conjunction with assuming the lease,  the Bankruptcy Code allows the debtor-tenant to assign the lease to a third party.  The party who is assigned the lease must provide the landlord with adequate assurance that it can meet the financial obligations of the lease.  If the party who is assuming the lease cannot provide the landlord with adequate assurance,  the landlord has cause to object to the assignment.

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The Examiners: Current Venue Laws Are Appropriate

03/02/15

Should bankruptcy laws that allow companies broad latitude in selecting a venue be reformed? 

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