Bankruptcy Blogs

American Laser Skincare filed for bankruptcy liquidation Thursday, weeks after closing the doors of its clinics in a move that touched off an eruption of customer complaints online.

[more]

Read more

How Your Bank Can Avoid Million-Dollar Mistakes

12/05/14

Bank employees will inevitably make mistakes. Lenders need to invest in people and technology to reduce their impact.

[more]

The Daily Docket: Teen Retailer Delia*s to Shut Doors

12/05/14

Teen clothing retailer Delia*s Inc. will file for bankruptcy and shut down after it couldn’t find a merger partner or another source of money to survive after years of steady losses, The Wall Street Journal reports. The retailer’s shelves could start emptying as early as Friday in going-out-of-business sales.

[more]

Read more

Morning Scan: New York Fed's Ties to Banks Examined; Insurance Deal

12/05/14

Financial Times

The paper takes a somewhat lengthy look at the New York Fed as the institution struggles with the fallout from secretly recorded internal conversations that show it might be too cozy with the banks it regulates. The article uses as its launching point a Nov. 18 event at the New York Fed's headquarters, which was held to celebrate the Fed's 100th anniversary, and which came a few days before Fed officials were excoriated in...

[more]