Bankruptcy Blogs

Chicago Bears in Bankruptcy Brawl

08/19/14

The Chicago Bears are up against a tough foe, but not on the gridiron. Try bankruptcy court.

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The Daily Docket: Daehan Shipbuilding Seeks U.S. Bankruptcy Protection

08/19/14

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review. 

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The Daily Docket: NII Holdings Skips an Interest Payment

08/18/14

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

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A National Debt Registry?

08/16/14

There's a fascinating long magazine piece in the NYTimes about consumer debt sales and collection. The piece ends by asking why we don't have a national debt registry, as if that were the solution to all debt collection problems.

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Bad Paper: Chasing Debt from Wall Street to the Underworld

08/15/14

That's the name of a new book by Jake Halpern coming out in October. The New York Times has an excerpt on their site. If the excerpt is anything like the book, it's going to be gripping.

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Forward Motions: Shuttered Crumbs Bake Shop Set for Auction

08/15/14
A closed Crumbs Bake Shop store is seen in New York July 8, 2014. 
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The Daily Docket: Lehman Sets $4.6B Unsecured Creditor Distribution

08/15/14

General unsecured creditors of Lehman Brothers Inc. will receive $4.6 billion in their first distribution, perhaps as soon as next month. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Ponzi Scheme Within Bernie Madoff’s Ponzi Scheme

08/14/14

Investigations trying to unwind the machinations of Bernie Madoff’s Ponzi scheme in 2009 were surprised to find what appeared to be another Ponzi scheme inside it, and the father-and-son team that were running that scam this week pleaded guilty. MarketWatch’s Sitel Patel joined the MoneyBeat show with details.

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ICBA's Modest Proposal: Streamlined Call Reports

08/14/14

The time spent preparing these reports has increased exponentially over the years, leaving bankers with less and less time to help customers, and communities, prosper. Allowing highly rated banks to file short-form call reports could significantly ease that burden, writes the ICBA's Camden Fine.

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