Bankruptcy Blogs

Restructuring Boom could Boost Asian Private Equity Dealflow

05/20/14
India’s retail sector is one where AlixPartners expects more restructuring to occur.
Reuters

Private equity is likely to see a flood of new

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The Daily Docket: Freedom Trustee Looks Into Bankruptcy Fees

05/20/14

A government bankruptcy watchdog wants the attorneys and advisers working on Freedom Industries Inc.’s Chapter 11 case to temporarily forgo some of their fees until it’s determined how much the company will need to pay to clean up the West Virginia chemical spill. Read the Daily Bankruptcy Review article here.

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Morning Scan: Will Credit Suisse's Criminal Plea Make a Difference?

05/20/14

Receiving Wide Coverage ...

Suisse Settles: Credit Suisse has agreed to plead guilty to one count of conspiring to aid tax evasion and to pay $2.6 billion in penalties in a settlement with the Department of Justice, the Federal Reserve and the New York Department of Financial Services. Most news stories about the deal, which was announced Monday, foreground the historical significance of the Swiss lender's guilty plea. Then they acknowledge the admission of criminal wrongdoing...

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New Togut Partner Jeff Gleit Likes the Debtor Better

05/19/14

Jeffrey Gleit showed his versatility as a bankruptcy lawyer at some of the largest restructuring firms in the country, but his recent move to Togut Segal & Segal LLP was about getting back to what he loves most: representing debtors.

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Banks Should Act Now on Mobile Payments

05/19/14

As mobile payments hit the mainstream, bankers should offer their customers a compelling proposition rather than wait for someone else to lure customers away.

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Banks Must Fortify Themselves Against HR Risk

05/19/14

Banks that fail to comply with employment regulations leave themselves open to expensive lawsuits and bruised reputations.

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The Daily Docket: Energy Futures Lenders Look to Protect $665M Claim

05/19/14

Senior lenders of a major Energy Future Holdings Corp. unit have moved to protect their claim to a $665 million early-payment premium, which was thrown into jeopardy when the company filed for bankruptcy protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Deutsche to Boost Capital; Reports of a New HUD Head

05/19/14

Receiving Wide Coverage ...

Capital News? Deutsche Bank announced Sunday plans to raise $11 billion in capital by selling new stock to shareholders and the royal family of Qatar. The capital raise is intended to ease regulatory concerns about the German lender's ability to weather potential losses; its Tier 1 capital ratio would rise from its current 9.5% to 11.8%. But media coverage suggests that some investors may not be celebrating. Issuing 360 million new shares...

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No Surcharge Exempt Property

05/17/14

On March 4, 2014 the US Supreme Court issued its decision in the case of Law v. Siegal, 134 S.Ct. 118 (2014).  The Court ruled that the Bankruptcy Court exceeded its authority when it ordered that the debtor's homestead be "surcharged" to pay the chapter 7 trustee's fees of $75,000.00.

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