Bankruptcy Blogs

'Too Big to Fail' a Myth? What a Relief

03/11/13

The nonexistence of "too big to fail" is swell news. Now taxpayers can stop worrying about future bailouts, the Federal Reserve can ease monetary policy and the Justice Department can prosecute the banks purportedly "too big to jail."

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Once-'Sticky' Bank Customers Are Coming Unstuck

03/11/13

In the past, it was tough for customers to change banks. So, we could charge them-and treat them-pretty much as we pleased. Technology renders switching banks easier and cheaper-making banking more competitive, less profitable.

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Using Chapter 11 Bankruptcy's Sale Process To Achieve An Exceptional Sale Price

03/11/13

A Difficult Problem. Imagine that your company is facing a government investigation, requiring you to spend hundreds of thousands of dollars in legal fees and costs, while being threatened with substantially more legal expense. That financial burden is simultaneously starving the company of cash needed to grow the business, and cash balances are heading toward zero.

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Bankruptcy Beat Snapshot: Kathy Bazoian Phelps

03/11/13
Kathy Bazoian Phelps

The bankruptcy attorney who wrote the book on Ponzi schemes is bringing her expertise to Diamond McCarthy, a boutique law firm that’s no stranger to untangling massive fraud.

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The Daily Docket: Geokinetics Enters Bankruptcy

03/11/13

Geokinetics Inc. , which gathers and analyzes data for oil and gas companies, filed for Chapter 11 bankruptcy protection after reaching a deal with its creditors on a plan to restructure its debt. Read the Daily Bankruptcy Review article here.

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Bernanke in Limbo; Too Big to Ignore; Commodity Famine

03/11/13

Receiving Wide Coverage ...

Bernanke in No-Man's Land: When the history of the financial crisis is written, Federal Reserve Chairman Ben Bernanke will no doubt take flak for many things but timidity about stimulating the economy is unlikely to be among them. A half decade after the crisis, and with the labor market on the mend, the Fed is still buying $85 billion of mortgage-backed securities and Treasuries each month. It's financing the expansion of its...

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Why Overdraft Is Here to Stay

03/11/13

Even if regulators restrict banks' ability to charge overdraft fees, those consumers who value banks that cover their overdrafts will find a way to reward institutions providing the best service.

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Call your Bankruptcy Attorney

03/11/13

telephoneBefore, during and after bankruptcy, if you’ve hired an attorney to help you through the process:  use her!

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7 Letters That Spell Bankruptcy Trouble

03/10/13

caution sign croppedThe word “transfer” has seven letters and only two syllables.

Should be simple, you think.

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Justice Delayed is Justice Denied: The Case Against Big Banks

03/09/13

Last month, Elizabeth Warren asked a pointed question of senior treasury department officials regarding why no enforcement action had ever been taken against a large financial institution.  

“Can you identify when you last took (one of) the Wall Street banks to trial?” she asked the regulators. None could.

 (from the article by Andrew Mega, Huffington Post, March 8, 2013).

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