Bankruptcy Blogs

Legendary Capitol Hill Bar Hawk ‘n’ Dove Files for Bankruptcy

03/28/14

The owner of a handful of popular Washington D.C. bars and restaurants—including legendary Capitol Hill watering hole Hawk ‘n’ Dove—filed for bankruptcy protection Friday.

Baltimore-based Barrack’s Row Entertainment filed for Chapter 11 protection in U.S. Bankruptcy Court in Washington D.C., putting eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room into protection with it.

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Is UCC Article 8 Bitcoin's Savior (for Commercial Law)?

03/28/14

Two weeks ago, I wrote a post based on Lynn LoPucki's observation that Article 9 of the Uniform Commercial Code (UCC) might be Bitcoin's Achilles heel. From that experience, I learned that the surest way to get attention for a blog post is to put "Bitcoin" in the title. Thus, I am back.

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Weekly Wrap: On JPM Protecting Its Reputation; Meanwhile, Deep in the Innovation Well

03/28/14

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

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Forward Motions: Phil Falcone Set to Testify at LightSquared Hearing

03/28/14

The last day of LightSquared’s two-week confirmation hearing is Monday, and hedge fund manager Philip Falcone of Harbinger Capital Partners, which owns 85% equity in the company, is slated to testify.

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Forward Motions: Phil Falcone Set to Testify at LightSquared Hearing

03/28/14

The last day of LightSquared’s two-week confirmation hearing is Monday, and hedge fund manager Philip Falcone of Harbinger Capital Partners, which owns 85% equity in the company, is slated to testify.

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Sbarro and Quiznos Serve Up Prepackaged “Cramdown” Plans

03/28/14

The chapter 11 filings this month of Sbarro and Quiznos share many similarities.  Both companies are looking to survive in a difficult sector of a tough industry.  Both were forc

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Save the Product Pitch for Later, Please

03/28/14

Profiling is good. Understanding customer needs is good. Proactively recommending products and services is good. But the timing you apply to those things matters.

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Judge Diehl: Undisbursed Funds Paid Into Court For Garnishment Are Property Of The Estate

03/28/14

In In re Cochran, Ch. 7 Case No. 13-43242, 2014 Bankr. LEXIS 1178 (Bankr. N.D. Ga. Feb. 10, 2014), the issue in the motion to avoid lien was whether funds paid into court pursuant to a Summons of Garnishment are property of the Bankruptcy estate after a case is filed.  Judge Mary Grace Diehl held as follows:

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Judge Diehl: Undisbursed Funds Paid Into Court For Garnishment Are Property Of The Estate

03/28/14

In In re Cochran, Ch. 7 Case No. 13-43242, 2014 Bankr. LEXIS 1178 (Bankr. N.D. Ga. Feb. 10, 2014), the issue in the motion to avoid lien was whether funds paid into court pursuant to a Summons of Garnishment are property of the Bankruptcy estate after a case is filed.  Judge Mary Grace Diehl held as follows:

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