Bankruptcy Blogs

Morning Scan: Oh, Go Disrupt Yourself

06/23/14

Receiving Wide Coverage ...

Disruption and Disintermediation: In her widely discussed takedown of Clayton Christensen's theory of disruptive innovation, The New Yorker's Jill Lepore trots out TD Bank as an example of a company that succeeded by eschewing innovations. We won't second-guess Lepore's overall critique of Christensen (plenty of others have, including Christensen himself) but we're calling baloney on the bank example. Sure, CEO Ed Clark avoided convoluted financial "innovations" like asset-backed commercial paper, a decision...

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The Daily Docket: Nortel Settlement Talks May Be in the Works

06/23/14

Settlement talks may be in the works as the long-running trial over Nortel Networks Corp.'s billions winds to a close. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Bankruptcy Courts To Strictly Enforce Geographical Boundaries of Florida Court Divisions

06/22/14

Bankruptcy debtors are supposed to file bankruptcy where they live. The Florida bankruptcy court system is divided into divisions where each division (e.g., Orlando Division, Tampa Division, Miami Division….) handles bankruptcy filings of debtors residing in counties assigned to each division.

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Lessons on Fees from the Fifth Circuit's ASARCO Decision

06/21/14
While the Fifth Circuit has yet to definitively address the quirky Pro-Snax opinion, a new decision provides some helpful guidance on recovering attorneys' fees in bankruptcy.    ASARCO, LLC v. Jordan Hyden Womble Culbreth & Holzer, P.C. (Matter of ASARCO, LLC), No. 12-40997 (5th Cir. 4/30/14).    You can read the opinion here

What Happened

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Weekly Wrap: Cheaper Small-Dollar Credit; Wrangling the Shadow Banks

06/20/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Forward Motions: Brookstone Seeks Bankruptcy Plan Approval

06/20/14

The week in bankruptcy kicks off Monday in Wilmington, Del., when Brookstone Holdings Corp. will go before a judge to seek approval of its bankruptcy-exit plan.

The centerpiece of the retailer’s plan is a $174 million bid to buy the company from Sailing Innovation US Inc.–a collaboration between Chinese investment firm Sailing Capital Overseas Investment Fund LP and Chinese conglomerate Sanpower Group, with a financing commitment from GE Capital.

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Fresh Ideas to Help Cash-Strapped or Underbanked Consumers

06/20/14

The new American Express film Â"SpentÂ" offers an opportunity to consider the some emerging strategies aimed at helping low-income and struggling middle-class Americans avoid or get out of debt.

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The Daily Docket: Revel Files for Bankruptcy Again

06/20/14
Revel resort and casino, which at 47 stories is the tallest building in Atlantic City, N.J., filed for Chapter 11 protection Thursday.
Associated Press

At

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