Bankruptcy Blogs

The Daily Docket: LightSquared Unveils $3.05B Restructuring Plan

07/02/14

Philip Falcone‘s LightSquared on Tuesday unveiled a $3.05 billion restructuring plan that would give 74% of the wireless venture to Cerberus Capital Management LP, Fortress Investment Group  LLC and J.P. Morgan Chase & Co., and leave Mr. Falcone with just 12.5% of the reorganized company’s equity. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Madonna Gives Detroit New Ray of Light

07/01/14
Madonna performs at the Joe Louis Arena on Thursday Nov. 8, 2012, in Detroit.
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Energy Future Insiders Took in $46 Million Last Year

07/01/14

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show.

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How a Bitcoin Rival Could Create a Global Supermoney

07/01/14

A payment and currency exchange system called the Ripple protocol makes dollars, yen, euros, Bitcoins, gold and even frequent flyer miles virtually interchangeable.

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Why Creditors Can’t Afford To Ignore Objections To Bankruptcy Claims

07/01/14

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It’s been several years since I last posted about objections to bankruptcy claims, and the topic is so important to creditors that it’s time to revisit it.

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Four Changes the SBA Can Make to Help Minority Business Owners

07/01/14

In order to ensure that small businesses owned by people of color can grow and prosper, new SBA head Maria Contreras-Sweet should prioritize helping those businesses access capital and get a fair shot at corporate contracts.

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The Daily Docket: Energy Future Loan Draws Competition, Opposition

07/01/14

Energy Future Holdings Corp. on Monday unveiled changes to a $1.9 billion bankruptcy loan, including improvements in its fees and terms, that the Texas power company hopes will garner it court approval over opposition on multiple fronts. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: BNP Paribas's 'Tour de Fraud'

07/01/14

Receiving Wide Coverage ...

'Tour de Fraud,' $8.9B Fine Drive BNP Share Price Up: Are multibillion dollar fines investor catnip? BNP Paribas's stock price opened 3.4% higher on Tuesday, following Monday's announcement that the bank settled with the U.S. government on an $8.9 billion fine for sanctions violations. The markets may have been soothed by the bank's statement that despite the fine it would be able to pay a cash dividend this quarter. Overall, BNP's share...

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A Sort of Special (Sovereign Debt) Language

06/30/14

I thought I'd write a quick follow-up to Anna's thorough post about the latest in the Argentine bond saga.

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FSOC Lacks Credibility in Designating SIFIs

06/30/14

The Financial Stability Oversight Council has manifestly failed to demonstrate that it has any idea how to determine if a financial firm is systemically important, writes AEI fellow Peter Wallison.

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