Bankruptcy Blogs

Morning Scan: More Headaches for Barclays

02/10/14

Receiving Wide Coverage ... More Headaches for Barclays: British bank Barclays and its regulator are investigating the possible theft and sale of personal data affecting at least 2,000 customers. Barclays believes based on an initial investigation that the breach was limited to customers from its financial planning business, which it closed in 2011. Customers have begun to be notified that their information might have been stolen. The security breaches followed a less than lackluster earnings reportÂ...

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Tuscany International Drilling’s “First Day” Motions Granted; Section 341 Meeting of Creditors Scheduled

02/08/14

As discussed in the prior post, Tuscany International Drilling Inc., and its subsidiary, Tuscany International Holdings (U.S.A.) Ltd. (“Tuscany” or the “Debtors”) filed for bankruptcy on February 2, 2014 with the United States District Court for the District of Delaware.  On February 4, 2014, the Court held a “First Day” hearing to hear a number of preliminary motions filed by Tuscany.

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Tuscany International Drilling’s “First Day” Motions Granted; Section 341 Meeting of Creditors Scheduled

02/08/14

As discussed in the prior post, Tuscany International Drilling Inc., and its subsidiary, Tuscany International Holdings (U.S.A.) Ltd.

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Forward Motions: The Week Ahead in Bankruptcy

02/07/14

A rental-car company needs more money, a veggie business is hoping for a healthy sale and a thrift store starts to liquidate, and are all on the bankruptcy agenda next week.

Advantage Rent a Car has asked to borrow an additional $20 million in bankruptcy financing as the fourth-largest rental-car company runs on the fumes of its current $46 million loan.

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Forward Motions: The Week Ahead in Bankruptcy

02/07/14

A rental-car company needs more money, a veggie business is hoping for a healthy sale and a thrift store starts to liquidate, and are all on the bankruptcy agenda next week.

Advantage Rent a Car has asked to borrow an additional $20 million in bankruptcy financing as the fourth-largest rental-car company runs on the fumes of its current $46 million loan.

[more]

The Broke and the Beautiful: Rock Bottom Edition

02/07/14

This week on The Broke and the Beautiful, the company behind the BottleRock music festival hits a sour note, and Girls Gone Wild made a settlement. Also, a group led by Magic Johnson bought the WNBA’s Los Angeles Sparks.

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The Broke and the Beautiful: Rock Bottom Edition

02/07/14

This week on The Broke and the Beautiful, the company behind the BottleRock music festival hits a sour note, and Girls Gone Wild made a settlement. Also, a group led by Magic Johnson bought the WNBA’s Los Angeles Sparks.

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Weekly Wrap: Enabling Bad Bankers; The Ever-Evolving Bank Branch

02/07/14

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

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What Have You Done For Me?

02/07/14

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Panel Says Costs of Filing for Bankruptcy Make It Less Attractive Option

02/07/14
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While the number of corporate bankruptcies dwindled again in 2013, a deart

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