Bankruptcy Blogs

Puerto Rico hired restructuring advisers to work on utility and highway operations, The Wall Street Journal reports.

Quiznos is pushing off until May a key court hearing on its bankruptcy exit plan after unsecured creditors asked for more time to probe its restructuring strategy. Read the Daily Bankruptcy Review article via WSJ.

Receiving Wide Coverage ... A Look Behind the Curtain: The Fed held a video conference in March to discuss whether to ditch its 6.5% unemployment rate target. The Financial Times said the meeting helped shape the Fed's decision later in the month to adjust its position on forward guidance. The policymakers were concerned that their decision would be misunderstood. Meanwhile, Fed officials are worried about persistently low inflation. Â...

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Transparency and bankruptcy go hand in hand, but the bankruptcy judge overseeing a closely watched asbestos case has taken an unusual step to keep certain details shielded from public view.

Last month, unredacted transcripts from confidential court proceedings in the bankruptcy case of Garlock Sealing Technologies LLC were inadvertently made available to the public online. Once staff of the U.S. Bankruptcy Court in Charlotte, N.C., realized this, the transcripts were yanked from the court docket and replaced with their redacted versions.

There's drama to come as regulators finalize a proposal requiring banks to self-assess their track records on diversity.