Bankruptcy Blogs

Small Banks Should Team Up to Fight Cyberattacks

07/07/14

Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.

[more]

Girls Gone Wild Founder Faces Fines for Keeping Bentley, Escalade

07/07/14
Girls Gone Wild founder Joe Francis arrives at the 2012 MTV Movie Awards in Los Angeles.
Reuters

Joe Francis’s ride at the helm of his Girls Gone Wild porn

[more]

Rigid Credit Score Standards Hold Back Housing Recovery

07/07/14

Regulatory requirements that bar homeowners with imperfect credit scores from receiving a mortgage are hurting minorities and the economy as a whole.

[more]

Fair-Lending Ruling Means Pricier Loans for Consumers

07/07/14

A disparate-impact ruling against a small Texas bank was supposed to lower the cost of small-dollar loans for Hispanic borrowers, but it has instead had the opposite effect, writes Attorney Peter Weinstock.

[more]

The Daily Docket: Gowex Enters Bankruptcy

07/07/14
People walk past a kiosk with an advertisement for Wi-Fi provider Gowex in Madrid on July 3.
[more]

Morning Scan: Debating the Ex-Im Bank's Future; Banks Scrap Remittances

07/07/14

Receiving Wide Coverage ...

Debating the Export-Import Bank: Supporters of the Export-Import Bank are fighting back against the House Republicans who want to scrap it. Each member of Congress will receive in the coming weeks, "a personalized index card laying out exactly which companies in their districts benefit from the financing agency and how many people they employ" according to the Wall Street Journal. Companies including General Electric and Boeing, along with industry groups such as...

[more]

Supreme Court Prepares for Stern v. Marshall Round 3

07/03/14
When the Supreme Court struck down the Bankruptcy Reform Act's grant of authority to bankruptcy judges in 1982, it took it took them 29 years to return to the issue.    This allowed bankruptcy law to develop and mature without constantly fretting about whether the whole system would collapse.   However, since Stern v. Marshall, 131 S.Ct.
[more]

Forward Motions: Cerberus Attempts to Oust Natrol Executives

07/03/14

Next week in bankruptcy, vitamin and supplement supplier Natrol Inc. and its lender, Cerberus Business Finance LLC, will go to court to settle a dispute over control of the company.

Last month, Cerberus asked Judge Brendan Shannon of the U.S. Bankruptcy Court Wilmington, Del., to oust Natrol’s current management, replacing executives with a Chapter 11 trustee.

[more]