Bankruptcy Blogs

The Daily Docket: Energy Future Could Bid up to $87.5M for Optim Plant

07/11/14

A bankruptcy auction is still weeks away, but the price of Optim Energy’s Twin Oaks power plant continues to jump, with Texas giant Energy Future Holdings Corp. signaling it could go as high as $87.5 million for the facility. Read the Daily Bankruptcy Review article here.

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Morning Scan: Fischer Backs Financial Stability Mandate; Wells Gets Into Fashion

07/11/14

Breaking News This Morning ...

Earnings: Wells Fargo Receiving Wide Coverage ...

Alibaba IPO Looms: Chinese e-commerce firm Alibaba plans to hold its initial public offering within the next few weeks, according to the Wall Street Journal. Alibaba's hotly anticipated IPO could raise more than $20 billion. The Financial Times takes a more dramatic approach to the news: Alibaba's "self-imposed deadline is in danger of slipping as the company gets close to the moment when it will have...

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Do Debtors or Creditors Get Undisbursed Chapter 13 Plan Payments Upon Conversion? -- A New Circuit Split

07/11/14

Chapter 13 trustees handle millions of dollars in plan payments every year. At some point in likely a sizable portion of cases, the trustee accumulates these payments instead of distributing the funds to creditors. What happens if a debtor's case is converted while the trustee has this accumulated money in its account? In 2012, the 3rd Circuit, in a majority opinion, held that the trustee must return the funds to the debtor (see decision here).

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Magnolia CEO: Crumbs May Die, But the Cupcake Lives On

07/10/14
Magnolia is an icon of the cupcake era, but the company gets less than 50% of its total sales from the frosted treats.
Magnolia Bakery

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Why We Need to Restructure the Big Bank Holding Companies

07/10/14

Large bank holding companies defy both effective management and effective regulation. The solution is to allow shareholders of each company's subsidiary to choose its management and judge its performance.

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West Virginia Chemical Spill Claims Trickling In

07/10/14
Workers prepare to dismantle Freedom Industries chemical storage tanks in Charleston W.Va. on Saturday, Mar.
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To Woo the Young and Mobile, Use the Power of Push

07/10/14

Push notifications offer banks and credit card issuers a unique way to communicate with a generation that's skeptical of the financial industry but fond of technology and hungry for deals.

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The Daily Docket: Corinthian Was Cash-Strapped When U.S. Cut Funding

07/10/14

The collapse of Corinthian Colleges Inc. is raising questions about the Obama administration’s aggressive handling of one of the country’s largest for-profit education companies, which was hemorrhaging money before regulators cut off its federal funding. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Fed to End Bond Buying in October; U.S. Lags in Payments

07/10/14

Receiving Wide Coverage ... The End of Bond Buying: The Federal Reserve will likely end its bond-buying program in October, according to minutes from the central bank's June policy meeting. The Fed minutes say that the decision "should not be interpreted as evidence that rate increases were likely to begin sooner," according to the New York Times. The Times focuses on Fed officials' cautious economic outlook, reporting that many remain concerned about unemployment, sluggish economic outputÂ...

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