Bankruptcy Blogs

Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily Bankruptcy Review story in the Wall Street Journal. 

With the closure of Bryman College and sister school BioHealth College, programs to protect its more than 300 students sprang into action, helping them obtain tuition refunds and loan forgiveness.

But for the colleges’ 85 employees—who were laid off without payment of wages they were owed or severance—there’s no safety net.

Given Americans' heightened concerns over cybersecurity, banks should reconsider the notion of promoting card use for every transaction, according to Douglas Ceto of CetoLogic.

Banks that place too much emphasis on results without understanding the behavior behind it may create a dishonest or overly risky environment, according to consultant David Uhl.

When an IRA owner dies and designates an heir, other than his spouse, as the beneficiary of his IRA the beneficiary acquires an “inherited IRA” from the decedent. Federal bankruptcy exemptions protect IRAs up to approximately $1 million. Some bankruptcy trustees have challenged the exemption of IRAs which the debtor inherited from a parent.