Bankruptcy Blogs

Morning Scan: What Mt. Gox Means for Bitcoin; JPM's Cautious Outlook

02/26/14

Receiving Wide Coverage ...

On Mt. Gox: The apparent collapse of big Bitcoin exchange Mt. Gox has reignited concerns about the digital currency. Japan's government, for instance, is now looking into regulating Bitcoin, though officials are not offering any specifics as to how. Some pundits are arguing, amid crashing Bitcoin prices, that Gox has sounded the cryptocurrency's death knell given that the reported theft of 744,000 bitcoins is likely to preclude prospective and even current users...

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Must Read Opinion on Preference Issues

02/25/14
Judge Tony Davis has authored an opinion which should be recommended reading for anyone litigating preference issues.   The opinion encompasses the court’s rulings on both summary judgment and trial on the merits and touches on both procedural and substantive issues.   Ciesla v. Harney Management Partners (In re KLN Steel Products Co.), No. 13-1013 (Bankr. W.D. Tex.
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Must Read Opinion on Preference Issues

02/25/14
Judge Tony Davis has authored an opinion which should be recommended reading for anyone litigating preference issues.   The opinion encompasses the court’s rulings on both summary judgment and trial on the merits and touches on both procedural and substantive issues.   Ciesla v. Harney Management Partners (In re KLN Steel Products Co.), No. 13-1013 (Bankr. W.D. Tex.
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Former Anchor Bancorp Official Faces Fraud Charges

02/25/14

The watchdog in charge of monitoring TARP recipients on Tuesday announced criminal charges against a former official of Anchor Bancorp Wisconsin Inc. for allegedly orchestrating a fraudulent real-estate deal.

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Former Anchor Bancorp Official Faces Fraud Charges

02/25/14

The watchdog in charge of monitoring TARP recipients on Tuesday announced criminal charges against a former official of Anchor Bancorp Wisconsin Inc. for allegedly orchestrating a fraudulent real-estate deal.

[more]

Fed Crisis Transcripts Highlight Futility of 'FSOC' Crystal Balls

02/25/14

Recently released transcripts of Federal Reserve meetings during the last financial crisis reflect how blind policymakers remained to what was unfolding even at its peak. That suggests the Financial Stability Oversight CouncilÂ's efforts to sound an early warning next time around are reminiscent of Charlie Brown hoping Lucy wonÂ't pull away the football.

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Everything You Wanted to Know about CLOs, But Were Afraid to Ask

02/25/14

Well, not exactly. But for anyone who is interested, here is my written Congressional testimony for a House Financial Services Committee, Subcommittee on Capital Markets and GSEs hearing on "The Dodd-Frank Act's Impact on Asset-Backed Securities".

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The Daily Docket: LightSquared Can Move Ahead With $2.65B Plan

02/25/14

A judge on Monday said LightSquared could move forward with its $2.65 billion restructuring proposal over the strong objection of Dish Network Corp. Chairman Charlie Ergen, LightSquared’s largest secured creditor. Read the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Can Move Ahead With $2.65B Plan

02/25/14

A judge on Monday said LightSquared could move forward with its $2.65 billion restructuring proposal over the strong objection of Dish Network Corp. Chairman Charlie Ergen, LightSquared’s largest secured creditor. Read the Daily Bankruptcy Review article here.

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