Bankruptcy Blogs

The Broke and the Beautiful: Lou Pearlman Edition

07/19/13

This week on The Broke and the Beautiful, boy-band mogul Lou Pearlman’s investors will soon start voting on a repayment plan, and the Backstreet Boys are back in court to defend claims against Mr. Pearlman. Also, the former Versace mansion is headed for a bankruptcy auction.

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How Banks Can Escape the Fate of 'Dumb Pipes'

07/19/13

Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone.

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Solid Big Bank Earnings May Serve as Reform Catalyst; Congress Bids Bernanke Adieu

07/19/13

Receiving Wide Coverage ...

Here Come the Regulators: A few Times articles echo a sentiment the FT's Tom Braithwaite alluded to earlier this week: A healthy earnings season may serve as the go-ahead for more big bank regulation in the U.S. "In recent weeks, the Treasury Department, senior regulators and members of Congress have stepped up efforts intended to make the largest banks safer," a Dealbook article notes. "The banks have warned that more regulation could...

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The Daily Docket: Detroit Enters Bankruptcy

07/19/13

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports.

Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out of financial trouble through a sale to Sweden’s EQT Partners. Read the Daily Bankruptcy Review article here.

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Detroit, Detroit It's a Helluva Town...

07/18/13

Detroit's bankruptcy filing today is obvious grabbing some headlines. It's not clear, however, how much bankruptcy can do to fix Detroit. Bankruptcy is really good at dealing with problems created by overleverage.  If there's too much debt, a debtor, municipal, corporate or consumer, can use bankruptcy to slough it off.  Similarly, if the problem is some bad contracts outstanding, bankruptcy's got that covered too.

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Judge Says Pearlman Investors May Vote on Payment Plan

07/18/13
Kathy Willens/Associated Press
In this July 25, 2000, file photo, the members of ‘N Sync appear at a New York news conference.
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Banking Industry Overly Focused on Capital

07/18/13

An emphasis on capital to the exclusion of all else is, at best, misleading and, at worst, harmful to the banking business model.

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Banks Get One Last Mulligan in Payments

07/18/13

After failing to respond to customer demand and missing tectonic shifts in money transmission and online and mobile payments, banks have an opportunity in the emerging area of cryptographic money.

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The Daily Docket: Detroit Bankruptcy Could Come Within Days

07/18/13

A bankruptcy filing by the city of Detroit could come within days, The Wall Street Journal reports.

The U.S. Environmental Protection Agency added its voice to the chorus of regulators worried battery maker Exide Technologies Inc.’s bankruptcy loan poses a threat to public health and safety. Read the Daily Bankruptcy Review article here.

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