Bankruptcy Blogs

The Broke and the Beautiful: New House Edition

01/31/14

This week on The Broke and the Beautiful, Toni Braxton got a new house, Aaron Carter completed a debt class, and an art collection from Ralph Esmerian yielded $13 million at auction.

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The Broke and the Beautiful: New House Edition

01/31/14

This week on The Broke and the Beautiful, Toni Braxton got a new house, Aaron Carter completed a debt class, and an art collection from Ralph Esmerian yielded $13 million at auction.

[more]

Fisker Automotive Chapter 11 Case: a Two-Headed Stalking Horse and a New Credit Bidding Controversy

01/31/14

Fisker Automotive’s chapter 11 case began in what has become a depressingly familiar fashion – a fast-tracked sale to a secured lender.  However, two rulings by Judge Kevin Gross of the U.S.

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Postal Banking

01/31/14

I've got an op-ed about postal banking in today's American Banker.  Basic point:  there's a tension between doing postal banking to generate revenue for the Post Office and doing postal banking for financial inclusion.  But it's an idea worth exploring. 

 

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Postal Banking: Maybe Not So Crazy After All

01/31/14

One could imagine a postal bank as a feeder service that brings unbanked consumers into the mainstream financial system and then graduates them to private institutions.

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The Daily Docket: MF Global Liquidators Face Questions About Fees

01/31/14

Knighthead Capital Management LLC says it is “extremely troubled” by what it says is a lack of transparency for millions of dollars of fees charged in the liquidation of MF Global Inc., The Daily Bankruptcy Review reported.

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The Daily Docket: MF Global Liquidators Face Questions About Fees

01/31/14

Knighthead Capital Management LLC says it is “extremely troubled” by what it says is a lack of transparency for millions of dollars of fees charged in the liquidation of MF Global Inc., The Daily Bankruptcy Review reported.

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Morning Scan: Emerging Market Fears Continue; Goldman's CEO Wins Big

01/31/14

Receiving Wide Coverage ...

Emerging Markets Strained: The papers continue to raise concerns about emerging markets and foreign currencies as investors have pulled billions of dollars out of emerging market stocks and bonds since last week. The Journal says the euro hit its weakest level in 10 days "as expectations mounted that the European Central Bank will have to introduce fresh easing measures to head off the threat of falling prices." The FT says it could...

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When an Oath of Poverty (or Waterboarding) Isn't Even Enough ... !

01/30/14

I've been following with some interest the saga of pitchman Kevin Trudeau and his battle with a federal judge here in Chicago. The judge refuses to believe that Trudeau is not hiding scads of wealth in offshore accounts to avoid paying a $37 million FTC fine against him.

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Lawsky Processes Bitcoin (The Idea, That Is) After Hearings

01/30/14

Benjamin Lawsky, New York's top financial regulator, rarely sounds ambivalent. But when the topic is something as unprecedented and complex as Bitcoin, the big questions appear to give him pause.

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