Bankruptcy Blogs

The Daily Docket: Kodak Files Bankruptcy Plan

05/02/13
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Eastman Kodak Co. has filed a plan to exit Chapter 11 bankruptcy protection that would hand ownership of the company to its bondholders and unsecured creditors.

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Wells Gone Wild: Freezes Debtor’s IRA Account

05/02/13

I have reported previously on this blog that Wells Fargo Bank often will freeze bank accounts of its depositors who have filed bankruptcy even if the debtor claims the money in the account as exempt property on their bankruptcy petition. Wells Fargo bank often requires a letter from the bankruptcy trustee to give the debtor, and even his non-debtor spouse, access to the debtor’s money.

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Scrapbook Supply Companies Clip out Chapter 11 Petitions

05/01/13

April was a bad month for the sellers of pinking shears, heart-shaped punchers and flower-printed papers.

Two major vendors of the scrapbook supplies long used to spruce up family photo albums, Creative Memories and Archiver’s, recently filed for Chapter 11 protection.

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Banking Old School and New School

05/01/13

We must help carry forward the traditions of relationship banking while stressing the importance of technology adaptation and modern leadership.

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Go on a Sales Call for a Healthy Dose of Reality

05/01/13

When we create cultures in which higher-ranking managers become insulated from ever facing a "yes" or "no" from a customer, our leaders lose a little perspective.

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"Girls Gone Wild" Chapter 11 Case - [Insert Joke Here]

05/01/13

GGW LLC and its affiliates (“GGW”), which produce and distribute the soft core pornography videos known as “Girls Gone Wild”, recently filed for relief under chapter 11 of the Bankruptcy Code. The filing follows years of legal troubles for the company’s founder, Joe Francis, including criminal charges of racketeering and tax evasion, and

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The Daily Docket: Panama Trump Ocean Club Developer Enters Bankruptcy

05/01/13
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The developer of the Trump Ocean Club International Hotel & Tower in Panama on Tuesday filed for Chapter 11 bankruptcy protection with a plan in hand to restructure.

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You Won't Have DeMarco to Kick Around Anymore; Home Prices Climb

05/01/13

Breaking News This Morning ... Obama Said to Pick Mel Watt to Run FHFA: Watt, a Democratic congressman from North Carolina, would be the agency's first official director since 2009. Ed DeMarco has toiled as the acting director since then, and his policies have been unpopular with the administration, Democrats, and housing and consumer advocates. A formal announcement is expected today, various anonymice told their preferred media outlets. Bloomberg, Huffington Post, Politico Receiving Wide Coverage ... ...

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“Girls Gone Wild” Chapter 11 Case – [Insert Joke Here]

05/01/13

GGW LLC and its affiliates (“GGW”), which produce and distribute the soft core pornography videos known as “Girls Gone Wild”, recently filed for relief under chapter 11 of the Bankruptcy Code. The filing follows years of legal troubles for the company’s founder, Joe Francis, including criminal charges of racketeering and tax evasion, and

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Obama to replace DeMarco at FHFA

05/01/13

with Mel Watt, according to an AP story today.  Congressman Watt of North Carolina was a moving force behind Miller-Watt-Frank, the mortgage reform legislation that eventually found its way into Dodd-Frank financial reform.  Given that our all-but-nationalized housing finance system is directed by this somewhat obscure agency, the occupant of this post can have a huge influence on the future direction of credit, housing and the economy.

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