Bankruptcy Blogs

Judge Approves Deal Between ‘Hottest Girl in America’ and Girls Gone Wild

10/30/14
Chelsea Heath, Girls Gone Wild’s 2010 Hottest Girl in America.
Chris Lambeth

The woman crowned Girls Gone Wild’s Hottest Girl in America in 2010 is final

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Report: Foreign Companies Are Turning to U.S. Bankruptcy Courts

10/29/14

The U.S. Bankruptcy Code isn’t just for companies in the U.S.

A new report from scholars Oscar Couwenberg of University of Groningen Faculty of Law in the Netherlands and Stephen J. Lubben of Seton Hall University School of Law in New Jersey identified 49 corporate bankruptcy filings between 2005 and 2012 that included foreign debtors. Of those, 15 had no U.S. parent company.

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How Banks Can Step Up to Bat on Cybersecurity

10/29/14

Rather than wait until after a data breach to increase information-security investments, banks should put into place practices that help prevent cyberattacks in the first place.

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Prepare for Customers to Push Back on Privacy

10/29/14

As the financial industry scrambles to monetize big data, it would be smart to remember that consumers' growing concerns about privacy issues might staunch the flow of personal information in coming years.

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The Daily Docket: Indiana Toll Road Approved to Leave Bankruptcy

10/29/14

A bankruptcy judge cleared the operator of the Indiana Toll Road to exit Chapter 11 and continue its hunt for a buyer who can help the company pay off about $6 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Deutsche Names New CFO; Report Links Russian Government to Hacks

10/29/14

Receiving Wide Coverage ...

New CFO in the Haus: Deutsche Bank has tapped Goldman Sachs partner Marcus Schenck as its future chief financial officer, with plans for current CFO Stefan Krause to take on a newly created position at the company. The change comes as investors pressure the German lender to improve its financial strength, according to the Wall Street Journal. The papers all note Krause has made slow progress in strengthening the bank's regulatory reporting;...

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Section 503(b)(9): “Receipt” of Goods Discussion

10/29/14

Under Section 503(b)(9) of the Bankruptcy Code, creditors may receive administrative-expense priority for the value of goods “received” by the debtor within 20 days before the debtor’s bankruptcy filing in which the goods have been sold to the debtor in the ordinary course of business. 11 U.S.C. § 503(b)(9).

The question becomes: when are goods considered to be “received” under Section 503(b)(9) of the Code?

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Supreme Court to Hear Dispute Over Fees for Defending Fee Application

10/28/14
The Supreme Court doesn't take many cases on bankruptcy issues.  It has only ruled on attorney's fees in bankruptcy once since the Code was adopted and that ruling was on the narrow issue of whether a chapter 7 debtor's attorney could recover fees from the estate.    As a result, it was big news when the Court granted cert in  No. 14-103, Baker Botts, LLP v.
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Sound Effects for Sale at Bankruptcy Auction

10/28/14
Peter Dinklage in “Game of Thrones.” Todd-Soundelux used to do postproduction work on the TV series.
HBO/Courtesy Everett Collection

Looking to get some ban

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Why Bank Boards Should Take a Harder Look in the Mirror

10/28/14

Board members at smaller banks tend to dismiss the importance of the annual self-assessment process. But as board governance attracts growing regulatory scrutiny, directors should embrace the chance to identify areas for improvement.

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