Bankruptcy Blogs

Why Minn. Bankruptcy Matters to Trups Investors -- and Regulators

05/30/14

American Bancorporation was the first-ever bank holding company thrown into bankruptcy by the holders of its trust-preferred securities. Regulators may be able to avoid similar bankruptcies if more flexibility is shown in allowing holding companies to access capital to pay off creditors.

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The Daily Docket: Coldwater Creek Under Pressure as Lease Auction Looms

05/30/14
A Coldwater Creek store in downtown Seattle.
Associated Press/Elaine Thompson

Creditors are keeping a tight rein on spending in the Coldwater Creek Inc.

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Morning Scan: BNP May Fork Over $10B in Settlement; Piketty Defends His Data

05/30/14

Receiving Wide Coverage ...

BNP Could Face $10B Fine: U.S. authorities want BNP Paribas to pay more than $10 billion to settle allegations the French lender violated U.S. sanctions against countries including Iran and Sudan, according to the Wall Street Journal. "We are used to seeing penalties wipe out a quarter's profits, but $10 billion will wipe out a full year for BNP so market reaction will probably be somewhat greater," Mizuho credit strategist Roger Francis...

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Brass Instrument Maker S.E. Shires Bought By Competitor

05/29/14

Eastman Music Co., which makes most of its instruments in China, bought a struggling trombone- and trumpet-maker based in Hopedale, Mass.—and that’s where the jobs are expected to stay.

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The Examiners: Perry Mandarino on Liability in Bankruptcy Asset Sales

05/29/14

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?

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How the Financial Industry Can Win Consumers' Trust

05/29/14

The financial industry should focus on creating new methods of identification, authentication and privacy protection that ward off fraud while keeping consumer inconvenience to a minimum.

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The Examiners: Anders J. Maxwell on GM’s Liability

05/29/14

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 be?

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CEO of Capitol Hill Restaurants in Bankruptcy Had His Own Problems

05/29/14

When Washington, D.C., restaurateur Richard Cervera filed for personal bankruptcy last year, he didn’t tell the court that he had gained a slice of ownership in several Capitol Hill restaurants just nine days prior.

Nor did he mention that he was negotiating a $200,000-a-year salary with the other owners who teamed up to buy the storied Hawk ‘n’ Dove, Molly Malone’s and six other restaurants from Mr. Cervera’s brother, Xavier.

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How to Manage Bankers' Voracious Risk Appetites

05/29/14

The regulatory focus must shift from prohibiting undesirable risk behavior to changing the incentives that cause that behavior.

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The Daily Docket: Judge Approves $5.15B Anadarko Settlement

05/29/14

A federal bankruptcy judge Wednesday approved Anadarko Petroleum Corp.’s $5.15 billion settlement of fraud claims from a 2006 acquisition, the largest environmental settlement ever won by the U.S. government. The Wall Street Journal has the Daily Bankruptcy Review article here.

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