Bankruptcy Blogs

The Ins and Outs of Bail-Ins and Bailouts; Corker-Warner Revisited

06/28/13

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

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Regulators Double Down on Deposit Advances; Consumers Pay

06/28/13

Three federal agencies are competing for the gold medal in a "regulatory Olympics" over deposit advances. Their proposals would severely constrain banks from offering valuable products and assisting customers.

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The Broke and the Beautiful: Cable Ready Edition

06/28/13

This week on the Broke and the Beautiful, a cable TV show distributor filed for bankruptcy, and so did “Gossip Girl” star Kelly Rutherford. Also, funk music legend Sly Stone is fighting to dismiss the bankruptcies of his ex-manager’s companies.

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Raising Leverage Ratio Weakens Bank Liquidity

06/28/13

Leverage measures, which can zigzag with sudden inflows or outflows of deposits, should be viewed as a backstop to risk-based capital measures, not as a primary capital constraint.

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The Daily Docket: Cengage Leaning Toward Bankruptcy

06/28/13

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports.

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Regulators Point Finger at Corzine; Bernanke Successors Considered

06/28/13

Receiving Wide Coverage ...

Corzine in CFTC Crosshairs: Officials filed a civil lawsuit against John Corzine, the former head of MF Global on Thursday, charging misuse of almost $1 billion in customer funds. The Commodity Futures Trading Commission complaint alleges that the former New Jersey governor and U.S. senator did more than just sit on the sidelines as the company spiraled into bankruptcy, though it's still unclear how deeply he was involved with illegal money transfers....

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Planning Retirement Distributions To Qualify For Chapter 7

06/28/13

Withdrawals from your IRA or other tax deferred retirement accounts is part of income for purposes of calculating eligibility for Chapter 7 bankruptcy under the means test. Many debtors facing bankruptcy are using retirement income to survive financially, and some debtors over 70 ½ year of age are required to take minimum retirement distributions.

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Banks Lack Vested Interest in Customers' Financial Health

06/27/13

Too many banks still make too much money at the expense of their customers, and it is one of the biggest reasons the American public has lost faith in them.

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Blocking Newcomers Is Bad for Banking

06/27/13

Show me an industry with artificially high barriers to entry, and you will almost certainly find dissatisfied customers paying higher prices to large, protected providers.

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