Bankruptcy Blogs

The Daily Docket: Blucora Plans Bid For Brookstone

03/31/14

The owner of the Spencer’s retail chain may be facing some competition in its bid for consumer electronics retailer Brookstone, as Blucora Inc. plans an offer, the Wall Street Journal reports

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The Daily Docket: Blucora Plans Bid For Brookstone

03/31/14

The owner of the Spencer’s retail chain may be facing some competition in its bid for consumer electronics retailer Brookstone, as Blucora Inc. plans an offer, the Wall Street Journal reports

[more]

Morning Scan: Another Forex Probe; RBS Close to Naming New CFO

03/31/14

Receiving Wide Coverage ...

Swiss Forex Probe: A Swiss watchdog has launched an investigation into whether eight banks manipulated the foreign currency exchange market. The banks include Barclays, Citigroup, Credit Suisse, JPMorgan Chase, Royal Bank of Scotland and UBS. The Swiss Competition Commission joins a host of other global regulators, including those in the U.K. and the U.S., that are trying to figure out whether financial firms manipulated currency markets. New York Times, Financial Times, Wall...

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AFA Investment Preference Actions Filed

03/30/14

On March 28, 2014, AFA Investment Inc. filed approximately 125 complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, to disallow claims of the defendants pursuant to Section 502(d), and seeking attorneys’ fees.  AFA Investment Inc., and various affiliated entities (the “Debtors”) filed petitions for bankruptcy in the District of Delaware on April 2, 2012.

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Minimizing Preference Exposure (Part II) – Contemporaneous Exchanges

03/30/14

In this prior post, a discussion was provided in connection with requiring a company to prepay for its goods or services in order to limit potential preferential exposure.

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DIP Loans and the SIFI Problem

03/30/14

Word on the street is that the company formerly known as TXU – now known as Energy Future Holdings – is lining up the biggest private DIP loan ever. About $9 billion.

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Teaching Consumer Law Conference in Santa Fe New Mexico, May 30-31, 2014

03/29/14

Richard Alderman (Houston Law Center ) and I welcome all of you to beautiful Santa Fe New Mexico on May 30-31,  2014 for the only international conference in the world dedicated to the teaching of consumer law. The conference is sponsored by the Center for Consumer Law at the University of Houston Law Center, in cooperation with the University of New Mexico, and the National Association of Consumer Advocates. This year the theme is “Teaching Consumer Law in a Virtual World.”

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It's My Fault You Can't Get a Mortgage

03/29/14

Can’t get a mortgage?  Turns out it’s my fault.  As in mine, personally.  Yup.  That’s the claim in a Housing Wire written by right-wing banking analyst R. Christopher Whalen.  Here is Whalen’s argument in a nutshell:  

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