Bankruptcy Blogs

Have Chapter 11 Restructurings Become Too Expensive?

01/29/15

It’s a new year, and The Examiners are back and are talking about the always-contentious issue of bankruptcy fees.

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How to Diversify the Financial Industry

01/29/15

If financial firms are serious about incorporating gender and ethnic diversity into their leadership teams, they need to encourage women to apply for promotions and implement more flexible work schedules.

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New Basel Disclosure Rules Are a Win for Market Discipline

01/29/15

The Basel Committee's revisions to banks' risk disclosure requirements should help investors glean more meaningful information, thereby allowing them to impose market discipline on less creditworthy institutions.

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Morning Scan: Basel Gets Tough; OneWest's 'Risky' Email Campaign

01/29/15

Receiving Wide Coverage ...

A Patient Fed: When analyzing the Federal Reserve's statements about its timeline for raising short-term interest rates, it helps to have practiced close reading in college. The Fed said Wednesday it plans to be "patient" in adjusting monetary policy, which "means the central bank isn't likely to raise rates at its next two policy meetings," the Wall Street Journal reports. In other words, a rate hike wouldn't come until June at the...

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Sly Stone Awarded $5 Million in Royalty Fight

01/28/15
This April 1972 file photo shows rock singer Sylvester “Sly” Stone of the music group Sly and The Family Stone.
Associated Press

A Los Angeles jury aw

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A Financial Transactions Tax Hiding in Plain Sight

01/28/15

The federal courts have instated a $25 fee for transferring corporate bankruptcy claims. The decision was met with little fanfare Â-- but it could pave the way to a financial transactions tax.

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Second-Liens and the Leverage Option

01/28/15

Susan Wachter and I have a new (short!) paper up on SSRN. It's called Second-Liens and the Leverage Option, and is about the curious absence of negative pledge clauses in US home mortgages, which enabled enormous amounts of second-lien leverage (much more than anyone realized) during the housing bubble.

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The Daily Docket: Judge Approves Fontainebleau Settlement

01/28/15

A judge approved a settlement between the trustee in charge of Jeffrey Soffer’s failed Fontainebleau Las Vegas casino project and the company’s former directors and officers that will put millions in creditors’ pockets. The Wall Street Journal has the Daily Bankruptcy Review article here.

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