Bankruptcy Blogs

The Daily Docket: Uneven Testimony Given at LightSquared Trial

01/16/14

Hedge-fund manager Stephen Ketchum on Wednesday said he couldn’t recall if Dish Network Corp. Chairman Charlie Ergen wanted to acquire a powerful “blocking” position in LightSquared ’s debt even though evidence presented to him suggested he knew that Mr. Ergen did. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Uneven Testimony Given at LightSquared Trial

01/16/14

Hedge-fund manager Stephen Ketchum on Wednesday said he couldn’t recall if Dish Network Corp. Chairman Charlie Ergen wanted to acquire a powerful “blocking” position in LightSquared ’s debt even though evidence presented to him suggested he knew that Mr. Ergen did. Read the Daily Bankruptcy Review article here.

[more]

Bad Banking Experiences Stick with You

01/16/14

More than anything I would like good customer service, close attention to my account security and really low fees. Unfortunately, I must admit I almost never get what I want from my bank.

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Kaiser Family Foundation on ACA and Medical Debt

01/15/14

I'm on the road and only have time to link to the USA Today story about the Kaiser Family Foundation report on how medical debt might look like after the Affordable Care Act. Short version: high deductibles and co-pays may mean not a lot of difference for those enrolled in the cheapest bronze level plans. Credit Slips readers will want to check it out.

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The Basic Problem with "Chapter 14"

01/15/14

There has been a big push, from several different directions, to develop a more "free market" – as compared with Dodd-Frank's OLA – approach to financial institution insolvency, the Hoover Institute's "chapter 14" proposal being the most famous of these "pushes."

The problem is in the funding. Chapter 11 depends on private DIP funding, but even the largest DIP loans are much smaller than the liquidity needs of a SIFI.

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Regulators Are Encouraging Shadow Bankers

01/15/14

Policymakers say they want to bring "underbanked" groups into the traditional banking system for safer consumer options, small-business growth, a sound banking system and other laudable reasons. But today's rules and aggressive enforcement work against these goals.

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Cert granted in that *other* Argentina case

01/15/14

As Argentina-watchers know, the pari passu saga is only one aspect of the broader kerfuffle between Argentina and NML. On Friday, the U.S.

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Madoff Case Is Assigned to Judge Bernstein

01/15/14
Courtroom of Burton R. Lifland/Bloomberg News
U.S. Bankruptcy Court Judge Burton R. Lifland poses in this undated handout photo released to the media on Friday, Nov. 30, 2007.
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Madoff Case Is Assigned to Judge Bernstein

01/15/14
Courtroom of Burton R. Lifland/Bloomberg News
U.S. Bankruptcy Court Judge Burton R. Lifland poses in this undated handout photo released to the media on Friday, Nov. 30, 2007.
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Congress Must Make Retailers Responsible for Data Breaches

01/15/14

If retailers want to reap the rewards of consumer sales, they should also take an active role in protecting their data.

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