Bankruptcy Blogs

The Daily Docket: Pinnacle to Leave Bankruptcy as Delta Unit

04/18/13

A bankruptcy-court judge on Wednesday cleared regional carrier Pinnacle Airlines Corp. to leave Chapter 11 as a unit of Delta Air Lines Inc. , a decision that streamlines Pinnacle’s operations and costs in an increasingly consolidating airline industry.

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Surprise! Big Banks Love Regulation

04/18/13

Their only concern is that regulatory burdens remain high enough to prohibit competition, but low enough to protect revenues and profits.

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Trivia Time: Bankruptcy Lawyers in the Senate

04/18/13

I always figured that Elizabeth Warren was the first bankruptcy lawyer to serve in the Senate.  Turns out that there's at least one other.  (I'm not counting Senators who have served as Chapter 7 trustees.) Anyone know who?  I'll post the answer in a few days. 

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Missouri Bankruptcy: Tax Refund Credits Protected

04/18/13

IRS wheres_my_refund_engMissouri bankruptcy filers have more protection for their tax refunds now.  Particularly working families have more certainty their financial needs won’t be disrupted when they need to file Chapter 7.

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Small Banks Will Benefit From Big-Bank Breakup

04/17/13

Taking on the size of firms that put our financial system at risk is the only way to eliminate unfair competitive advantages, unleash free markets and allow community banks to thrive.

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Governments Must Co-Opt Bitcoin to Avert Disaster

04/17/13

Bitcoin and similar rogue digital money exploit the public appetite for an alternative to traditional banking. To stave off this threat, central banks should embrace secure, well-regulated digitization of fiat currencies.

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The Daily Docket: Judge Clears Lehman Brokerage Settlement

04/17/13
Agence France-Presse/Getty Images

A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon.

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Money Market Fund Reform Is Nigh; Spot the Hidden Payments Stories!

04/17/13

Breaking News This Morning ...

Earnings: Bank of America, Bank of New York Mellon, Huntington, PNC Receiving Wide Coverage ...

Money Market Funds: New regulations for them are on the way. An SEC spokesman tells the Times that the regulator's staff "expects to have something for the commission's consideration in the near future." BlackRock's Larry Fink told investors he anticipates "some sort of" floating net asset value to be imposed on prime funds (money market funds that buy...

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Regulators Must Take Responsibility for Failed Foreclosure Review

04/17/13

Congress can certainly help, but regulators must recognize that they have a structural oversight problem and need to develop remedies on their own.

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