Bankruptcy Blogs

Weekly Wrap: Someday My Bailout Will Come; Chief Ethics Officers?

12/12/14

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

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New York Shoe Brand Modern Vice Up for Sale

12/12/14

Modern Vice’s boots are made for walking. Come next week, they’ll be walking to the bankruptcy auction block.

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Forward Motions: Judge to Consider Madoff Feeder Fund Settlements

12/12/14

A series of settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme will go before a bankruptcy judge Wednesday in Manhattan for final approval.

The settlements include a $95 million deal struck with Senator Fund SPC, an investment fund that parked all of its money with Mr. Madoff, and a $497 million deal to collect money from Herald Fund SPC and Primeo Fund.

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The Daily Docket: MF Global Customers Fight Bid for Executives to Use Insurance Money

12/12/14
Reuters

Former MF Global customers, as well as the administrator in charge of the defunct brokerage, are fighting a bid by Jon S.

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Accounting for Turbulence in the Value of Deposits

12/12/14

The financial system will be safer if accounting standards force banks to incorporate risk into the way they value and report cash and cash equivalents.

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Morning Scan: Banks Fined for Fighting Over 'Toys'; Medical Bill Woes

12/12/14

Receiving Wide Coverage ...

Conflict of Interest Strikes Again: Toys tend to make children get greedy, and they appear to produce a similar effect on investment banks. Ten firms were fined $43.5 million Thursday over charges they offered up flattering research analysis in an effort to score a piece of the Toys "R" Us initial public offering. Citigroup, JPMorgan, Wells Fargo and Goldman Sachs are among the banks cited by the Financial Industry Regulatory Authority. Wall...

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DEB Stores Holding LLC files for Bankruptcy under Chapter 11

12/11/14

DEB Stores Holding LLC and certain of its affiliated companies (“DEB” or the “Debtors”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code on December 4, 2014 in the United States District Court for the District of Delaware.

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Coming and Going Concerns

12/11/14

Rick Antonoff has joined law firm Blank Rome as a partner with the finance, restructuring and bankruptcy group. Mr. Antonoff, who most recently worked at Clifford Chance, represents secured and unsecured creditors, investors and other parties in bankruptcy cases and out-of-court restructurings. He has worked on such well-known bankruptcy cases as the Los Angeles Dodgers, AMR Corp.

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No Sense in Keeping the GSEs Undercapitalized

12/11/14

There's little point to Fannie and Freddie's large profits if that money is remitted to the Treasury rather than making the GSEs more financially stable.

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Controversial Texas Gun Store to Get New (Maybe Quieter) Owner

12/11/14
Tactical Firearms

A bankrupt gun retailer in suburban Houston that hasn’t been shy abou

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