Bankruptcy Blogs

Arbitration Clauses Trap Consumers with Fine Print

12/02/14

A new study suggests that most consumers only waive their right to sue companies in court and participate in class actions because they don't understand the contracts they're signing.

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The Daily Docket: NII Holdings Seeks Approval of Bonuses

12/02/14

Latin American Nextel carrier NII Holdings Inc. has asked for a bankruptcy judge’s permission to pay executives and other top-level employees as much as $9 million in bonuses. Read the Daily Bankruptcy Review article here.

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Don't Count on Mandatory Retirement to Refresh Bank Boards

12/02/14

Mandatory retirement ages and term limits can backfire by forcing out board members with badly-needed skills. It's better for boards to take the necessary, though socially uncomfortable, step of convincing underperforming directors to leave.

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Morning Scan: Hackers Master Wall St. Jargon; Revolving Door Apologia

12/02/14

Receiving Wide Coverage ...

Wall St. Posers: Hackers have been masquerading as investment bankers and senior executives at pharmaceutical and health care companies as part of a plot to gain access to market-moving information, according to a report from cybersecurity firm FireEye. For more than a year, the cybercriminals have sent phishing emails "written in flawless English and carefully worded to sound as if they were sent by someone with an extensive background in investment banking...

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How Would You Change the Bankruptcy Code?

12/01/14

When Congress tweaked the bankruptcy code nearly a decade ago, seeds of discontent were sown.

Critics of the Bankruptcy Abuse Prevention and Consumer Protection Act, or BAPCPA, were many, targeting everything from the amount of time businesses were given to reorganize to who the law said was eligible to file certain chapters of bankruptcy.

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Conflict of Interest at Root of Fed Oversight Woes

12/01/14

The Federal Reserve was comfortable as a behind-the-scenes regulator, but itÂ's now expected to be a public enforcer as well. Asking the agency to balance these contradictory roles is a recipe for trouble.

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The Daily Docket: Stockton Leaders Urge Judge to Let City Exit Bankruptcy

12/01/14

City leaders in Stockton, Calif., are urging a federal judge to let the city exit bankruptcy with a court-approved reorganization plan, despite an appeal of that proposal filed by mutual-fund giant Franklin Templeton Investments. The Wall Street Journal has the Daily Bankruptcy Review article here.

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