Bankruptcy Blogs

Technological Costs Could Be Last Straw for Community Banks

01/19/15

Many community banks will soon have to replace outdated technology Â-- expenses that will hit them in an ongoing environment of compressed net interest margins, increasing compliance costs and higher capital requirements.

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Welcome Back to Michelle Harner

01/19/15

We are happy to welcome back Professor Michelle Harner of the University of Maryland and the reporter for the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11. Harner has kindly offered to blog on her perspectives on the Commission's report. So she does not have to say -- anything she writes represents only her own views and not her views in her capacity as the reporter.

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Caesars Bankruptcy: Illinois Bankruptcy Proceeding Stayed by Delaware Bankruptcy Court

01/18/15

On January 12, 2015, Appaloosa Investment LP and funds affiliated with Oaktree Capital and Tennenbaum Capital filed an involuntary bankruptcy petition against Caesars Entertainment Operating Company, Inc. (“Caesars”) with the United States Bankruptcy Court for the District of Delaware.  The petitioning creditors are junior noteholders of the debtor.

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Antonio Weiss Nomination Post-Mortem

01/17/15

There've been a bunch of post-mortems of the Antonio Weiss nomination in the press the last few days (see, e.g., here, here, and here).

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Weekly Wrap: Never Send a Machine to Do Loan Officer's Job

01/16/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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The Daily Docket: Teen Retailer Wet Seal Files for Bankruptcy

01/16/15

Teen retailer Wet Seal Inc. filed for Chapter 11 bankruptcy protection early Friday morning, hoping to salvage some of its stores using a financing offer from B. Riley Co. LLC, The Wall Street Journal reports. The filing followed warnings that Wet Seal was running out of cash even after shutting down 338 stores.

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Small Cap Chapter 11

01/16/15

Former Slips guest blogger Michelle Harner has a piece up on Dealb%k this morning about the ABI's SME proposal – one of my favorite parts of the ABI's larger chapter 11 reform proposal.

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Clearing the Road for GSE Reform

01/16/15

Total overhaul of Fannie Mae and Freddie Mac is a long shot, but Congress can pass measures that set the housing agencies on a path to reform. Mandating deeper mortgage insurance coverage for loans sold to the housing agencies would be a good place to start.

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Morning Scan: Big Banks' Feeble Earnings Season; The Real Dread Pirate Roberts

01/16/15

Editor's note: Morning Scan will not publish on Monday, Jan. 19 in observance of the Dr. Martin Luther King Day holiday. We'll be back on Tuesday, Jan. 20. Breaking News This Morning ...

Earnings: SunTrust, Comerica, PNC Receiving Wide Coverage ...

Earnings Postmortem: Bank of America and Citigroup each produced disappointing fourth-quarter results as trading revenue went south and low interest rates curbed potential profits. Taken together with JPMorgan's less-than-stellar earnings, these results suggest the fate of the biggest...

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Your Bankruptcy Is a Wonderland: John Mayer May Get Stiffed on Amp Sale

01/15/15
John Mayer performs in concert during his Born and Raised Tour 2013 at the Baltimore Arena on Saturday, Dec. 14, 2013, in Baltimore.
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