Bankruptcy Blogs

Morning Scan: Mexican Authorities on Ex-Banamex Bankers' Tails

06/02/14

Receiving Wide Coverage ...

Banamex Update: In Mexico, warrants have been issued for the arrest of an unspecified number of former Citigroup executives allegedly tied to a $400 million fraud at the bank's Banamex subsidiary. Citi fired 11 people last month for what CEO Michael Corbat described as "actions or inactions [that] failed to protect our company from this fraud." According to the reports, Citigroup has been made aware of the warrants but has not been...

[more]

Where Is the Innovation?

06/02/14

Creating a more efficient way to do the same old thing isn't enough, says David Gerbino. Banks need to reconstruct some of their basic deposit products to truly innovate.

[more]

Robbing Peter

06/01/14

How exactly do people make ends meet? While there are a few formal studies of "payment hierachies" courtesy of the big data organizations, there is little ethnographic work. A new contribution in this regard is "Robbing Peter to Pay Paul":  Economic and Cultural Explanations for How Lower-Income Families Manage Debt by Laura M.

[more]

Book Free Consultation

06/01/14

Book Free Initial Consultation

Jordan E. Bublick is a Miami Bankruptcy Lawyer with over 25 years of experience in filing Chapter 13 and Chapter 7 Bankruptcy Cases and Mortgage Modifications (305) 891-4055

[more]

The Broke and the Beautiful: BottleRock Edition

05/30/14

This week on The Broke and the Beautiful, BottleRock is back from rock bottom, and Denis Leary is aiding Detroit firefighters. Also, an injured baseball fan is still looking for compensation from the Los Angeles Dodgers.

[more]

Weekly Wrap: Ancient Pots and Payments; Putting Skin in the Game

05/30/14

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

[more]

The Examiners: Richard A. Chesley on GM’s Liability

05/30/14

It’s up to the courts to decide whether old or new GM is liable for faulty ignition-switch claims. But what do you think? From a legal, practical or ethical point of view, should it

[more]

The Examiners: Marc Leder on Liability in Bankruptcy Asset Sales

05/30/14

Should bankruptcy be allowed to erase claims that may technically have arisen pre-bankruptcy but which a company’s creditors weren’t aware of at the time?

[more]

Forward Motions: Energy Future Unit Seeks Bankruptcy Financing

05/30/14

An Energy Future Holdings Corp. unit on Thursday will seek bankruptcy-court approval to borrow more than $1.9 billion.

The Wilmington, Del., bankruptcy court will take up the borrowing request, which includes a $1.9 billion loan, plus another $95 million to cover closing fees, at a Thursday hearing.

[more]

Coldwater Creek Shoppers Say ‘Fear and Need’ Drove Sales Boom

05/30/14

Coldwater Creek’s creditors are at a loss to understand why sales boomed in the wake of its bankruptcy filing, but it’s not a mystery to the former retailer’s target customers.

[more]